Peregrine Gold's new gold prospect at Newman

Peregrine Gold Limited (ASX:PGD) has announced the identification of a new gold prospect, the Kangaroo Prospect, approximately 10 kilometers east of the Peninsula prospect. The prospect is located on E52/3570, a tenement acquired from FMG in 2023.

Executive Commentary on Kangaroo Prospect

The Kangaroo Prospect adds another dimension to the Newman Gold Project, with additional reconnaissance stream sediment sampling planned over E52/3570 and other acquired tenements. Geologically, the prospect is located over an antiformal fold structure and hosted in basaltic lithologies with interflow siliceous sediments and quartz veining.

Summary of Peregrine Gold's Announcement

Peregrine Gold Limited (ASX:PGD) has identified the Kangaroo Prospect, a new gold prospect located 10 kilometers east of the Peninsula prospect within the Newman Gold Project. The company plans to continue reconnaissance stream sediment sampling over the tenements acquired from FMG and further south, as well as additional sampling of gold anomalous catchments in the vicinity. The forward news flow from the Newman Gold Project includes Tin Can RC drilling results and regional reconnaissance geochemical results.