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Peregrine Gold Ltd. ( (AU:PGD) ) has provided an update.
Peregrine Gold Limited has announced the identification of a new large-scale Channel Iron Deposit (CID) target, named the Peninsula CID Prospect, following a reinterpretation of historical magnetic imagery. This new target is geologically similar to the recently discovered Coopers CID Prospect and is located in a highly prospective iron-rich district near major iron ore projects. The discovery represents a significant opportunity for Peregrine, as additional CID targets are being investigated on their tenure, potentially enhancing the company’s market positioning and offering compelling opportunities for stakeholders.
More about Peregrine Gold Ltd.
Peregrine Gold Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the identification and development of Channel Iron Deposits (CID) and is strategically positioned near major iron ore operations.
Average Trading Volume: 280,422
Technical Sentiment Signal: Buy
For a thorough assessment of PGD stock, go to TipRanks’ Stock Analysis page.