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Peregrine Gold Ltd. ( (AU:PGD) ) has issued an announcement.
Peregrine Gold has expanded its Rocklea Gold Project in Western Australia through the acquisition of four additional exploration licences, including an application recently purchased from Nearology Pty Ltd, increasing the project’s footprint to six licences covering about 1,250 square kilometres. The enlarged tenement package is transected by the significant Karra Well Fault and displays geological characteristics analogous to the nearby high-grade Paulsens Gold Mine, notably the presence of gabbroic sills, metasedimentary units and WNW–NW fault structures, positioning Peregrine to explore for similar structurally controlled gold mineralisation and potentially enhance its resource base and regional significance.
The most recent analyst rating on (AU:PGD) stock is a Hold with a A$0.25 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 gold exploration company focused on advancing its Rocklea Gold Project in Western Australia. The company targets structurally controlled, high-grade gold systems in geologically prospective terrains that share similarities with established gold camps and producing mines in the region.
Average Trading Volume: 145,473
Technical Sentiment Signal: Buy
Current Market Cap: A$25.2M
Find detailed analytics on PGD stock on TipRanks’ Stock Analysis page.