Peregrine is focused on adding value to its non-Chidliak North American diamond exploration properties formerly held by Peregrine Exploration Ltd., and to utilize an extensive proprietary database to identify and acquire promising diamond properties for exploration and development.
Lac de Gras project, NWT
A total of nine kimberlites have been discovered to date on the 8,493 hectare Lac de Gras project, in the heart of the Lac de Gras diamond district, 27 kilometres from the Diavik Diamond Mine. One of these kimberlites, DO-27, has an Indicated Mineral Resource of 18.2 million carats of diamonds in 19.5 million tonnes of kimberlite. In addition, a Target For Further Exploration of 6.5 to 8.5 million tonnes of kimberlite has been identified. The Company’s management has decided not to pursue development of DO-27 at this time. AMEC and the Company do however believe that DO-27 has reasonable prospects for eventual economic extraction and, with the required mining studies, could support a mining operation in the future pending changing economic factors. Please refer to the most recent technical report for more information.
There remains good exploration potential at the Lac de Gras project, with the last two diamondiferous kimberlites, LD-2 and LD-3, being discovered in 2012. Results from an indicator mineral survey conducted by the Northwest Territories Geoscience Office in 2015 covering the project area will be evaluated in an effort to confirm new kimberlite targets.
Nanuq and Nanuq North projects
Four significant diamondiferous kimberlites have been discovered to date on the combined 158,000 hectare Nanuq and Nanuq North properties in Nunavut, located 225 kilometres east-northeast of Baker Lake. The kimberlites range in size from one to six hectares. Unexplained kimberlite indicator mineral anomalies have been identified and suggest that there are additional kimberlites to be discovered at Nanuq and Nanuq North.
Over 800 kimberlites have been discovered in Canada since the early 1990s. Canada’s first diamond mine opened in 1998 and now, 17 short years later, Canada’s three operating mines make it the third leading diamond producer in the world by value. Peregrine is utilizing its extensive proprietary regional North American diamond exploration database, containing over 80,000 samples, and the expertise of our technical staff in the search for North America’s next new diamond district.