Peregrine is continuing the close spaced diamond drilling program at its Newman gold project in WA that has already returned abundant visible gold at the Peninsula prospect.

With all 53 holes totalling 380.8m completed at Newman, the program has now moved to test the ultra high-grade gold and silver quartz-ironstone veins at the Birdsnest prospect which were identified by trenching.

The drill program will then shift to test the Tin Can prospect, which will conclude Peregrine Gold’s (ASX:PGD) maiden diamond drill campaign.

“We have been impressed with the close spaced diamond drilling program so far,” technical director George Merhi said.

“Testing of the auriferous quartz veins at the Newman Gold Project and particularly at the Peninsula Prospect is a key step in developing the understanding of the geological model for the area.

“The modern exploration techniques we are utilising will give us valuable information to better define the strike and dip extent of the gold mineralisation.”

Ultra high-grade gold

In December last year, costeaning (trenching) at the Birdsnest prospect returned assays of up to 122,497 grams per tonne (g/t) gold and 26,234g/t silver.

Though subsequent RC drilling failed to excite, Merhi told Stockhead early this year that rich, high grade gold shoots were easy to miss.

The company had noted at that point that it would carry out detailed, very close spaced costeaning to find the outcropping gold that would be followed up by “precise surgical diamond drilling”.

While no results have been reported for this work, that the company is pushing ahead with diamond drilling at Birdsnest is indicative that it has a firm idea of where to drill.




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.