Peregrine Gold (ASX:PGD) is advancing its exploration at the Tin Can Prospect within the Newman Gold Project. The company has extended the known gold trend and conducted geophysical surveys to uncover potential mineralization. Recent drilling results revealed a significant find, and further exploration is planned.
Peregrine Gold Limited is focused on expanding its exploration efforts at the Newman Gold Project, with a strategic review underway to guide future drilling and geophysical strategies. The company aims to identify economically viable gold deposits, particularly in the Tin Can region, and considers broader opportunities within its extensive holdings in Western Australia's Pilbara region. With a planned focus on geophysical surveys and strategic exploration, Peregrine Gold is well-positioned to potentially discover significant gold resources.
The exploration work has extended the Tin Can gold trend by 250 meters to the west and 500 meters to the south-east, with promising initial results including a drilling find of 4 meters at 9.0 grams per ton gold.