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Peregrine Gold Advances Pilbara Exploration With Approvals and New Sampling Programs

Story Highlights
  • Peregrine Gold is ramping up exploration at its Pilbara projects, starting new sampling at Pilgangoora North and progressing heritage agreements at Peninsula Prospect.
  • The company has secured approvals for RC drilling at Carney’s CID, plans work at Coopers CID and Rocklea, and will follow up recent aircore results at Tin Can and Epithermal prospects.
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Peregrine Gold Advances Pilbara Exploration With Approvals and New Sampling Programs

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Peregrine Gold Ltd. ( (AU:PGD) ) has shared an announcement.

Peregrine Gold has outlined an active exploration program across its Pilbara projects, with mapping and sampling set to begin at the Pilgangoora North Project to follow up anomalous gold in stream sediment samples. The company is also nearing execution of heritage agreements at the Peninsula Prospect as Special Prospecting Licenses progress toward grant, underpinning future on-ground work.

Regulatory approvals have been secured for reverse circulation drilling at the Carney’s CID Prospect, pending completion of a heritage survey, while approval for drilling at Coopers CID is advancing. Orientation stream sediment sampling will commence at the Rocklea Gold Project following strategic tenement acquisitions, and final aircore drilling results from Tin Can and Epithermal prospects have been received, with follow-up drilling planned to advance these targets.

The most recent analyst rating on (AU:PGD) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Peregrine Gold Ltd. stock, see the AU:PGD Stock Forecast page.

More about Peregrine Gold Ltd.

Peregrine Gold Ltd. is an Australian exploration company focused on gold and related commodities in the Pilbara Region of Western Australia. The company holds a portfolio of 100% owned projects, including Pilgangoora North, Peninsula, Rocklea and other prospects, targeting structurally prospective terrains for gold, lithium, tantalum and associated mineralisation.

Average Trading Volume: 177,623

Technical Sentiment Signal: Sell

Current Market Cap: A$21.74M

Learn more about PGD stock on TipRanks’ Stock Analysis page.

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