An announcement from Peregrine Gold Ltd. ( (AU:PGD) ) is now available.
Peregrine Gold Limited has entered into a binding agreement with prominent prospector and major shareholder Mark Creasy to exploit precious metals at the Peninsula Prospect within its Newman Gold Project. The agreement allows for the extraction of gold down to a depth of 50 meters, with net proceeds to be split 60/40 in favor of Peregrine. This collaboration highlights the significant potential of the Peninsula prospect and ensures that any significant mineralization will be reported in line with the company’s disclosure policy.
More about Peregrine Gold Ltd.
Peregrine Gold Limited is a company operating in the gold exploration industry, focusing on the extraction and monetization of precious metals. Its primary operations are centered around the Newman Gold Project, where it seeks to exploit high-grade gold prospects.
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Technical Sentiment Signal: Hold
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