Diamond discovery sparks another jump
Since our last mention, Peregrine Diamonds (TSX: T.PGD) shares have shot up again, this time 19% to 40 cents as the junior explorer reported the discovery of a 2.01 carat, gem quality, clear colourless octahedron diamond in a 2.28 tonne sample collected from the CH-1 kimberlite during the 2008 summer field season. The CH-1 kimberlite is located on the 9,800 square kilometre Chidliak property on Baffin Island in Nunavut.
Diamond discovery sparks jump
Peregrine Diamonds (TSX: T.PGD) jumped 22% to 27.5 cents on Tuesday after the micro cap miner reported the discovery of diamonds in the CH-2 and CH-3 kimberlites, and a new diamond result from the CH-1 kimberlite that exhibits a coarse diamond size distribution from its 9,800 square kilometer Chidliak property on Baffin Island, Nunavut. A 356.6 kilogram surface sample from CH-2 yielded 372 diamonds larger than the 0.075 mm sieve size, including three diamonds larger than the 0.600 mm sieve size.
