Peregrine Gold is all set for exploration with a diamond drilling contractor and helicopter electromagnetic (EM) survey contractor secured for its Newman and Mallina gold projects in WA, respectively.

West Core Drilling will undertake diamond drilling at the Newman project, with the drill rig expected to be mobilised to the project area in mid- April 2023.

“Exploration at our Newman Gold Project has reached an exciting stage,” Peregrine Gold (ASX:PGD) technical director George Merhi said.

“The upcoming diamond drilling program will test auriferous quartz veins at both the Peninsula and Birdsnest prospects with the objective of defining the strike and dip extent to the gold mineralisation.”

A costean program planned for mid-March 2023 is designed to test gold soil anomalies at both these prospects, and may identify additional auriferous quartz veins for drill testing.

The 500-1000 metre drilling programme is expected to take up to four weeks to complete.

EM survey planned for May 2023

At Mallina, Xcalibur Aviation will perform an EM survey, which is planned to cover 845-line kilometres and is expected to commence in May 2023 – with the data acquisition expected to take approximately 1 week.

The areas to be surveyed have no outcrop and are characterised by extremely strong magnetic anomalies and strong gravity anomalies.

“The work planned for the Mallina Project will assist with the targeting on the intrusive bodies which we hope to drill test this field season,” Merhi said.

Historic drilling of the anomalies has had wide intersections of magnetite but the geometry of the bodies causing the magnetic anomalies remain poorly known.

Historic drilling has also intersected mafic/ultramafic intrusion rocks and it is within one of these intersections that some of the anomalous geochemistry has been observed.

 

 

 

This article was developed in collaboration with Peregrine Gold Limited (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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