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- Peregrine Gold (PGD) identifies a second high-grade gold and silver prospect at the Pilbara gold project in WA
- The new prospect, named Peninsula, lies roughly 3.8 kilometres northwest of Peregrine’s Birdsnest prospect
- Peninsula was identified via a rock chip sampling program which returned up to 55,171 parts per million (ppm) gold and up to 12,838ppm silver
- Subject to the completion of a program of works, heritage surveys and rig availability, Peregrine will undertake reverse circulation drilling at both Peninsula and Birdsnest
- Peregrine ends the day 9.72 per cent in the green with shares trading at 39.5 cents
Peregrine Gold (PGD) has identified a second high-grade gold and silver prospect at the Pilbara gold project in Western Australia.
The new prospect, named Peninsula, lies roughly 3.8 kilometres northwest of Peregrine’s Birdsnest prospect.
Peninsula was identified via a rock chip sampling program which returned between 12,657 parts per million (ppm) to 55,171ppm gold and between 821ppm to 12,838ppm silver.
These results are consistent with samples identified at Birdsnest.
Detailed soil sampling will also undertaken at Peninsula with nine north-south and 12 east-west soil lines completed.
A total of 597 soil samples were collected and interpretation to date has defined five parallel northwest-trending coherent gold in soil trends.
These trends run between 250 to 350 metres in length and a width of 100 metres with up to 1139 parts per billion (ppb) gold identified.
While several elevated spot soil in soil trends were identified, Peregrine must wait until the remaining results are received to confirm a coherent gold trend.
Subject to the completion of a program of works, heritage surveys and rig availability, Peregrine will undertake a reverse circulation drilling program at both Peninsula and Birdsnest.
Peregrine has ended the day 9.72 per cent in the green with shares trading at 39.5 cents in a $15.15 million market cap.
