Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Peregrine Gold Ltd. ( (AU:PGD) ) has provided an announcement.
Peregrine Gold Limited has announced a major discovery of a large-scale Channel Iron Deposit (CID) at its Newman Gold Project in Western Australia. The discovery spans a continuous length of 6.4 kilometers and is up to 200 meters wide, with iron content averaging 57% and peaking over 61%. This finding, which has not been previously reported by past explorers or the Geological Survey of Western Australia, could significantly enhance Peregrine’s market position and operational scope, offering new opportunities in iron ore alongside its existing gold exploration activities.
More about Peregrine Gold Ltd.
Peregrine Gold Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold exploration but has recently made significant discoveries in iron ore, particularly in Western Australia.
Average Trading Volume: 173,915
Technical Sentiment Signal: Buy
For a thorough assessment of PGD stock, go to TipRanks’ Stock Analysis page.