Peregrine’s first stream sediment sampling program has returned several encouraging lithium, tantalum, niobium, and gold anomalies at the Pilgangoora North project in Western Australia.

A total of 68 streams were sampled for 136 samples as well as seven rock samples with several anomalous catchments identified as well as no reported pegmatite outcrop and no reported historical rock sampling.

This most recent program was a follow up to a limited reconnaissance stream sediment and rock sampling programme reported on in March 2022, which also returned anomalous lithium, tantalum, and gold.

Based on the results – which saw up to 6,356ppm of niobium, 2,920ppm of tantalum, 289ppm lithium and widespread gold anomalism of up to 11.3 g/t gold with stream sites over 100ppb – Peregrine (ASX:PGD) is now planning to aggressively explore the project over the coming field season.

What’s next?

A follow-up rock sampling program comprising 200 samples has been completed, specifically within the anomalous catchments with results expected in February.

Additional stream sediment sampling is also planned to test for additional pegmatitic and gold targets, as well as soil sampling in the eastern area to better define gold targets for drilling.

Depending on the results of these exploration activities, drill testing of pegmatite and gold targets will then be carried out.

 

 

 

This article was developed in collaboration with Peregrine Gold (ASX:PGD), a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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