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- Mineral exploration company Peregrine Gold (PGD) identifies anomalous lithium, tantalum, gold and lead at its Pilgangoora North lithium project in Western Australia
- The company undertook a one-and-a-half day field trip to the project, collecting 26 rock samples weighing around 10 to 15 kilograms
- Results from the stream sediment sampling returned up to 289 parts per million (ppm) lithium in a catchment with no reported pegmatite veining
- A second stream sediment sample returned up to 1768ppm tantalum
- On the market, Peregrine is down 3.03 per cent and trading at 48 cents per share
Peregrine Gold (PGD) has identified anomalous lithium, tantalum, gold and lead at its Pilgangoora North lithium project, located in Western Australia.
The company undertook a one-and-a-half day field trip to the project, collecting 26 rock samples weighing around 10 to 15 kilograms.
Results from the stream sediment sampling returned up to 289 parts per million (ppm) lithium in a catchment with no reported pegmatite veining. A second stream sediment sample returned up to 1768ppm tantalum.
Additionally, gold anomalism highlighted 11.3ppm in a stream sediment sample.
“It is truly exciting to be exploring a project with extensive pegmatite outcrop only a few kilometres north of Pilbara Minerals’ (PLS) Pilgangoora mine at such a buoyant time in the lithium market,” Technical Director George Merhi said.
“Based on the positive results of this brief initial orientation program, we believe the lithium fertility of the area is established and our stream sediment sampling protocol will effectively highlight areas of lithium anomalism and help us systematically hone in on drill targets.”
Peregrine plans to further explore the area.
On the market, Peregrine was down 3.03 per cent and trading at 48 cents per share at 1:04 pm AEDT.
