- Peako (PKO) intersects up to 6.2 grams per tonne (g/t) gold following drilling at the Landrigan Prospect within its East Kimberley Project in WA
- A ‘scout’ reverse circulation program at the prospect intersected gold-silver-lead-copper mineralisation
- One intercept extended the strike of mineralisation to around 300 metres, remaining open to the north-east
- Peako plans to continue its work program at Landrigan to expand the current footprint of mineralisation, including strike and depth extensions of known mineralisation
- Peako last traded at 2.1 cents on January 13.
Peako (PKO) has intersected up to 6.2 grams per tonne (g/t) gold following drilling at the Landrigan Prospect within its East Kimberley Project in WA.
A ‘scout’ reverse circulation program completed in September saw 30 holes drilled for 1,249 metres across six prospects.
Eight of the holes were drilled at the Landrigan Prospect totalling 449 metres to test the near surface continuation of gold and base metal mineralisation, intersected in previous drilling.
The program intersected gold-silver-lead-copper mineralisation with results including 4 metres at 6.2 g/t gold from 11 metres, and 13 metres at 40.7 g/t silver from 11 metres.
This intercept extended the strike of mineralisation previously intersected in historical drilling by a further 80 metres to around 300 metres, remaining open to the north-east.
The Landrigan Prospect was originally identified by BHP as a base metal prospect, however Peako later recognised the prospect’s gold potential following results of its 2019 reverse circulation drill program.
Peako said it plans to continue its work program at Landrigan to expand the current footprint of mineralisation, including strike and depth extensions of known mineralisation.
Peako last traded at 2.1 cents on January 13.