Peregrine prepares to drill for gold at Newman

0

Peregrine has completed a heritage investigation that paves the way for reverse circulation drilling on the Peninsula, Birdsnest and Tin Can prospects at its Newman gold project.

Drilling access and drilling are expected to begin in the coming months on the project, which was previously known as the Pilbara Gold Project and is following the trend of gold anomalies consistent with those at Capricorn Metals’ Karlawinda producing project.

Pilgrim’s Gold (ASX:PGD) also carried out soil sampling at E52/3828 which is located east-southeast of buildings E52/3785 and E52/3850 which house the three prospects.

He sampled 338 sites and collected 19 stream sediment samples from the permit, which is dominated by colluvial quartz material with sheared Fortescue sediments present.

Further soil sampling at Tin Can has been halted due to soil moisture, with soil sampling currently underway to the northwest and adjacent to the prospect.

The company has also been granted licenses E52/3951, E52/3952 and E52/3953 and conducted reconnaissance stream sediment sampling at 67 sites with results expected early in the December 2022 quarter.

Previous limited exploration for the project has focused on other metals such as iron ore.

This is despite the buildings containing several overlooked anomalies that warrant further investigation.

Other projects

Peregrine also completed reconnaissance stream sediment sampling at 69 sites and collected five rock samples at the Rocklea gold project.

Detailed geological mapping and rock sampling of anomalous watersheds is planned for the next quarter, as historical sampling and recent sampling have identified numerous auriferous anomalous watersheds.

It plans to carry out comprehensive reconnaissance sampling focused on river sediments and rock chips for the newly awarded Pilgangoora North lithium project – E45/5775, and expects an interpretive report in the coming weeks which will highlight the Hemi and nickel-PGE targets at its Mallina Gold Project.

Pilgangoora North is located in a favorable geological setting with multiple lithium occurrences along the direction of Pilbara Mineral’s Pilgangoora Lithium operations.

Meanwhile, its Mallina project is actually one of the tallest buildings in the highly prospective Mallina Basin with three of the four buildings requested before De Gray Mining made the groundbreaking discovery of Hemi.

This article was developed in conjunction with Peregrine Gold, a Stockhead advertiser at the time of publication.

This article does not constitute advice on financial products. You should consider obtaining independent advice before making any financial decisions.

You may be interested in

Share.

Comments are closed.