PGD 0.00% 19.0¢ peregrine gold ltd

You must be chuffed to be capitalising PGD which in turn fully...

  1. 1,692 Posts.
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    You must be chuffed to be capitalising PGD which in turn fully funds unearthing all that abundant visible gold at surface (and close to surface) for others (including associated cronies) to profit from at no big cost to themselves. You're obviously somehow impressed by the lack of deep widespread and low-grade dill hits in these PGD announcements:

    27 October 2022 (p1)
    "The Company has completed Phase 1 and Phase 2 drilling which focused on the Birdsnest, Peninsula and Tin Can prospects. 92 holes for a total of 5,377 metres were completed (refer to Appendix 1). Assay results are pending with the interpretation of geology to follow. On initial observation no instances of visible gold were identified during the drill programme."

    13 December 2022 (p2 & 3)
    "The RC drilling at the Birdsnest prospect was designed to test a gold soil anomaly which has been traced over approximately 300 metres. Drilling has reported a sequence of predominately haematitic siltstones, with subordinate cherty material and quartz veining with a predominately doleritic footwall. Although high grade gold anomalism was not intersected, the drilling has reinforced the geological model that high-grade plunging gold shoots are most likely present at the Birdsnest prospect. Evidence of this possible structural model was best illustrated by drill hole 22KRC 5. This hole was drilled approximately 5 metres to the southwest and beneath historical rock samples 21KR 49 to 53 and the costean programme recently completed beneath and adjacent to these historical rock samples (see ASX announcement 9th November 2022). The historical surface rock samples and the quartz vein exposed in the costean contained abundant visible gold in a quartz-ironstone vein to approximately 1.1 metres beneath the surface. Approximately 100 metres along strike to the northwest of these historical rock samples, gold quartz specimens and nuggets were found on the surface and historical prospecting has reported significant gold found via metal detectors. Drilling beneath this location failed to explain the source of this gold at the surface...Drilling at the Peninsula prospect also failed to return high grade gold anomalism beneath the auriferous quartz vein."


 
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