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Peregrine Gold Ltd. ( (AU:PGD) ) has provided an update.
Peregrine Gold Ltd. has announced the discovery of a large-scale Channel Iron Deposit (CID) at its Newman Gold Project in Western Australia. This significant find, located near major infrastructure and other iron ore operations, features high-grade iron content averaging 57% Fe, with peaks over 61% Fe. The discovery, which was missed by previous explorers due to its low topographical position, could represent a ‘Valley Type’ CID system, offering potential for new high-grade iron ore development.
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. Its primary products include gold and iron ore, with a market focus on high-grade mineral deposits in Western Australia.
Average Trading Volume: 122,403
Technical Sentiment Signal: Hold
Find detailed analytics on PGD stock on TipRanks’ Stock Analysis page.