11:34 AM EST - Peregrine Diamonds Ltd. : Announced that mobilization of a rotary air-blast (RAB) drill rig has commenced and drilling is expected to begin on October 23 on the first of four kimberlite targets at its 100% owned Moralane license in east-central Botswana, and to provide an update on exploration activities for three other project areas in Botswana. The Moralane license covers 664 km2 and hosts a compelling kimberlite indicator mineral anomaly that is underlain by recently identified isolated magnetic anomalies. Historic drilling in the area has failed to identify the source of the KIM anomaly. Magnetic data from 11 ground geophysical surveys completed by Peregrine during September 2015 have been interpreted and modelled. The recent magnetic survey has identified four new, high priority targets which will be tested with a 16.5-centimetre RAB drill. Peregrine Diamonds Ltd.
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