11:50 AM EST - Peregrine Diamonds Ltd : has commenced a $1.5-million diamond exploration program in the Lac de Gras region of the Northwest Territories, Canada, approximately 300 kilometres northeast of Yellowknife. The program will include ground geophysical surveying and the drilling of high-priority kimberlite targets. Lac de Gras is one of the most prolific diamond districts in the world, hosting the Diavik and EKATI diamond mines and Peregrine's 71.9%-owned, nine hectare DO-27 kimberlite, which currently has an 18.2 million carat resource that is open at depth. As part of this program, the Company will re-value diamonds previously recovered from DO-27 as a component of an analysis of the current economics of this large kimberlite pipe. Peregrine Diamonds Ltd
shares T.PGD are trading down $0.01 at $0.73.
