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- Peregrine Gold (PGD) identifies a fourth gold prospect at its Pilbara Gold Project in Western Australia
- Fine fraction and coarse fraction sampling was undertaken and elevated gold anomalism was identified with grades up to 723 parts per billion returned
- A detailed soil sampling program was also undertaken with intepretation of the results defining a northeast-trending gold-in-soil anomaly roughly 200 metres long
- Subject to rig availability and the completion of a program of works and heritage surveys, Peregrine will mobilise a drill rig in Q2 2022
- Peregrine ends the day 3.53 per cent in the red with shares trading at 41 cents
Peregrine Gold (PGD) has identified a fourth gold prospect at its Pilbara Gold Project in Western Australia.
Tin Can was identified via stream sampling on tenement E52/3785 which lies roughly two kilometres south of the Birdsnest Prospect.
It adds to the already discovered prospects of Birdsnest, Peninsula and Perry Creek.
Fine fraction and coarse fraction sampling were undertaken, with the fine fraction sample analysed for gold and both samples analysed for 53 multi-elements.
Elevated gold anomalism was identified, with up to 723 parts per billion (ppb) intersected.
A detailed soil sampling program was also undertaken at Tin Can with 405 sites sampled and 810 samples submitted for analysis.
Interpretation of the results defined a northeast-trending gold-in-soil anomaly roughly 200 metres long and 50 metres wide.
This anomaly lies south of the northwest-trending quartz veins, with grades peaking at 328 ppb gold.
Subject to rig availability and the completion of a program of works and heritage surveys, Peregrine will mobilise a drill rig in Q2 2022.
Peregrine ends the day 3.53 per cent in the red, with shares trading at 41 cents in a $17.89 million market cap.
