- Peregrine Gold (PGD) completes a maiden drill program at its Newman gold project in Western Australia
- All up, 92 holes were drilled at the Birdsnest, Tin Can and Peninsula prospects to better understand the structural controls on the gold deposition
- Assays are now pending, though Peregrine says no instances of visible gold were identified in the holes
- Peregrine is currently undertaking a costean program at Birdsnest and has lodged a program of work for close-spaced diamond drilling at Peninsula with the DMIRS
- Shares in Peregrine are down 30.25 per cent and trading at 41.5 cents at 3:28 pm AEDT
Peregrine Gold (PGD) has completed a maiden drill program at its Newman gold project in Western Australia.
All up, the company drilled 92 holes for 5377 metres at the Birdsnest, Tin Can and Peninsula prospects to better understand the structural controls on the gold deposition.
Assays are now pending, though Peregrine said no instances of visible gold were identified in the holes.
Peregrine is currently undertaking a costean program at Birdsnest and has lodged a program of work for close-spaced diamond drilling at Peninsula with the Department of Mines, Industry Regulation and Safety (DMIRS).
Meanwhile, at the Pilgangoora North lithium project, Peregrine said due to a lack of historical results, it had made the call to focus on identifying streams and catchments with elevated lithium and tantalum anomalism before taking on any further rock chip sampling.
Peregrine has collected 68 stream samples to be submitted for priority analysis, with results expected shortly.
At the Rocklea gold project, Peregrine has completed geological mapping and detailed rock chip sampling to identify the source of previously identified gold anomalism.
Results will be announced to the market and they are received.
Finally, Peregrine is in the process of organising heritage clearance of priority target areas at the Mallina gold project to begin drill testing.
Shares in Peregrine were down 30.25 per cent and trading at 41.5 cents at 3:28 pm AEDT.