- Peregrine Gold (PGD) identifies significant gold in soil anomalism at its Rocklea Project, approximately 65 kilometres northwest of Paraburdoo in Western Australia
- The company discovered gold in soil results across several locations, including grades of up to 24.97 ppm gold determined through reconnaissance soil sampling
- The recent sampling program comprised a total of 512 soil samples from 256 sample sites
- The company plans to infill and extend the recent soil sampling programme in order to identify coherent gold soil trends for future rock chip sampling, mapping and drilling
- Shares have been up 1.9 per cent, trading at 53 cents
Peregrine Gold (PGD) has identified significant gold in soil anomalism at its Rocklea Project, approximately 65 kilometres northwest of Paraburdoo in Western Australia.
The company discovered gold in soil results across several locations, including grades of up to 24.97 ppm gold determined through reconnaissance soil sampling.
The recent sampling program comprised a total of 512 soil samples from 256 sample sites.
Rocklea was acquired through Peregrine’s purchase of New Frontier Resources (NFR) as announced in August of last year.
The sampling program was designed to follow up on historical reconnaissance stream sediment samples undertaken by NFR in 2019.
The 2021 program was undertaken upstream of the 2019 reconnaissance stream sediment sampling, which confirmed the presence of the gold soil anomalism.
A total of 16 soil lines were completed, approximately 10 to 25 metres apart and predominately east to west. As the sampling program was reconnaissance in nature, sample lines were approximately 200 metres to 600 metres apart.
The company said additional stream sediment sampling is required across the tenement to further define the gold anomalism.
The company plans to infill and extend the recent soil sampling program in order to identify coherent gold soil trends for future rock chip sampling, mapping and drilling.
Shares were up 1.9 per cent, trading at 53 cents at 4.45 pm AEDT.