The first phase of development is focused on CH-6, CH-7 and CH-44 kimberlite pipes in line with the company’s plan to accelerate the project.
Peregrine said it is working to confirm additional diamond resources in other kimberlites with economic potential.
At Chidliak, 71 kimberlites have been discovered todate with 42 being diamondiferous.
Peregrine Diamonds said: "The work programs completed in 2014 and planned for 2015 are designed to confirm diamond resources in the Phase One Kimberlites.
"Once confirmed, these resources would form the foundation of an independent, NI 43-101-compliant, Preliminary Economic Assessment (PEA) to be completed in 2016."
The 2015 work will comprise bulk sampling and resource definition drilling of the Phase I kimberlites.
It is designed to confirm continuity of diamond grade in kimberlites and achieve additional diamond parcels for valuation.
"If results warrant, Peregrine would prepare maiden resource statements for CH-7 and CH-44 and update the existing CH-6 resource," the company said.
A team is working on site preparations at Chidliak, including construction of the ice strip for the Hercules.
