PGD peregrine gold ltd

Ann: Newmna Drilling & Mallina EM Survey Contractors Secured, page-5

  1. 1,084 Posts.
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    Mate you don't have much of an understanding. They have found very high grade gold at and near surface. The question and challenge is to find the source. The RC drill program was their very first drill program at the project. Seldom do first drilling campaigns hit the mineralisation source. While the results were disappointing, the message to come out of that is that they have needed to re-think the initial geological model that they thought may have been the source. As more data is gathered they can hone in and have a better understanding of the mineralisation source and geology of the project. It takes time and requires patience. If they thought nothing was there they wouldn't be drilling again.
 
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29.5¢
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