PEREGRINE GOLD (ASXGD)
A rock sampling program has returned grades of up to 122,497g/t gold and 23,234g/t silver at Birdsnest, part of PGD Newman project in WA.
Yep, you read right. That’s equivalent to 120kg of gold for every tonne of dirt moved.
This style of mineralisation requires “precise surgical diamond drilling to resolve continuity in 3D or down plunge”, technical director George Merhi says.
It’s the latest in a string on impressive gold hits at Newman, which include this spectacular chunk in drill core at its Peninsula prospect:
https://unauthorised investment advice/wp-content/uploads/2022/08/2022-08-05-Gold2.jpg
It’s… magnificent. Image: Supplied
In fact, there’s gold all over the joint, they say, just sitting at surface.
“It is very rare for a greenfield exploration program in WA to encounter mineralisation of this nature sitting undisturbed at surface,” PGD technical director George Merhi says.
Diamond drilling at both Birdsnest and Peninsula will start in Q1 2023.
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