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The latest announcement is out from Peregrine Gold Ltd. ( (AU:PGD) ).
Peregrine Gold Limited announced significant progress in its exploration activities, identifying high-grade, large-scale Channel Iron Deposit (CID) targets at the Coopers and Peninsula prospects. The company is also expanding its gold exploration efforts at the Tin Can and Epithermal Prospects, with follow-up drilling underway. A successful $3 million placement with major shareholder Mark Creasy and Lion Selection Group has strengthened the company’s financial position, allowing for increased exploration and drilling activities. The discovery of a large-scale CID system at Coopers, previously overlooked due to its low topographical position, could represent a significant advancement in the company’s iron ore exploration efforts.
More about Peregrine Gold Ltd.
Peregrine Gold Limited is a company operating in the mining industry, focusing on the exploration and development of gold and iron ore projects. The company is actively engaged in identifying and expanding mineral deposits, with a market focus on high-grade iron ore and gold prospects.
Average Trading Volume: 276,241
Technical Sentiment Signal: Buy
See more data about PGD stock on TipRanks’ Stock Analysis page.