Peregrine Announces 2012 Chidliak Program
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2012) - Peregrine Diamonds Ltd. ("Peregrine" or "the Company") (TSX:PGD) has completed its analysis to determine the most efficient way to advance the 8,580 square kilometre Chidliak project ("Chidliak" or "the Project"), located 120 km from Iqaluit, Baffin Island, Nunavut, Canada. This review was prompted by the Company's opportunity to increase its interest in the Project to 100% by acquiring BHP Billiton's 51% interest, as announced on December 20, 2011.