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Peregrine Gold (ASX: $PGD) acquires additional tenure at Newman gold project

Peregrine Gold's acquisition of additional tenure at Newman Gold Project


Peregrine Gold Limited (ASX: $PGD) has acquired three highly prospective exploration licences adjoining and surrounding its existing landholding at the Newman Gold Project in the Pilbara region of Western Australia. The acquisition, which includes upfront consideration of A$175,000 in shares, consolidates the Project's footprint, bringing the total landholding to over 1,000 square kilometres. The tenements were acquired from DiscovEx Resources Ltd (ASX: $DCX) and Lighthouse Resources Holdings Pty Ltd, a wholly owned subsidiary of DCX.

Executive Commentary on Newman Gold Project Tenure Acquisition


The acquisition of these three tenements as well as the seven tenements recently acquired from FMG further consolidates Peregrine Gold's tenure at our Newman Gold Project, totaling approximately 1,060 square kilometres of highly prospective ground. The exploration undertaken by Peregrine Gold over the last few years has confirmed that the northern portion of the Sylvania Dome is prospective for high-grade gold mineralization. A geological review of past work completed over these three tenements will commence immediately. - George Merhi, Technical Director of Peregrine

Summary of Peregrine Gold's Newman Gold Project Tenure Acquisition


Peregrine Gold Limited has successfully acquired three highly prospective exploration licences adjoining and surrounding its existing landholding at the Newman Gold Project, bringing the total landholding to over 1,000 square kilometres. The acquisition further consolidates the Project's footprint in the Pilbara region of Western Australia. The Company's exploration efforts have confirmed the prospectivity of the Sylvania Dome for high-grade gold mineralization. Peregrine Gold is confident in the area's potential to develop into Australia's next great gold camp.

Sourcehttps://announcements.asx.com.au/asxpdf/20240123/pdf/05znhg732jzt36.pdf

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