A S X A N N O U N C E M E N T21 October 2021HIGH GRADE IRON ORE...

A S X A N N O U N C E M E N T
21 October 2021

HIGH GRADE IRON ORE AT NEWMAN PROJECT

Peregrine Gold Limited (“Peregrine” or the “Company”) is pleased to announce that reconnaissance rock sampling has identified high grade iron ore mineralisation on two of the Company’s tenements (E52/3841 and E52/3850), southwest and west of Newman – referred to as the Newman Iron Ore project.

HIGHLIGHTS

High grade iron ore identified in haematitic Banded Iron Formation (“BIF”) and traced discontinuously over 1,500 metres on E52/3841 (Figure 1). Key rock sampling results include:

64.23% Fe (21KR 15);
64.87% Fe (21KR 16);
65.13% Fe (21KR 17);
64.76% Fe (21KR 18);
Pisolite iron ore also present on E52/3850 (Figure 5) with grades up to 60.36% Fe;


https://www.investi.com.au/api/announcements/pgd/6e25349e-575.pdf