Peregrine just started breaking ground at its Pilgangoora North lithium project
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Peregrine has kicked off initial exploration for lithium at its Pilgangoora North project to follow-up on initial reconnaissance and historical sampling.
The reconnaissance work carried out earlier this year had confirmed the lithium prospectivity of the project with stream sediment sampling returning highlights such as 289 parts per million lithium and 1,769ppm tantalum.
There is also potential for Peregrine Gold (ASX:PGD) to find other types of mineralisation with gold anomalism highlighted by a 11.3ppm gold result in a stream sediment sample while a historical lead occurrence of up to 9.3% lead and 24ppm silver with visible galena was observed.
It will now expand reconnaissance stream sediment sampling to cover the entire tenement to follow-up on the previous lithium-tantalum-gold-silver anomalism.
Pilgangoora North is located immediately north of Pilbara Minerals’ giant Pilgangoora lithium-tantalum mine.
It hosts abundant mapped pegmatites within a favourable geological setting.
This article was developed in collaboration with Peregrine Gold, 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.