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Peregrine Gold (ASX: $PGD) acquires highly prospective tenure at Newman Gold Project

Peregrine Gold's acquisition of highly prospective tenure at Newman Gold Project


Peregrine Gold Limited (ASX: $PGD) has acquired three highly prospective exploration licences adjoining and surrounding its Newman Gold Project in the Pilbara region of Western Australia. The acquisition, totaling over 1,000 square kilometres, was completed with an upfront consideration of A$175,000 in shares. The Company is now planning reconnaissance surface geochemical exploration to further enhance its understanding of the newly acquired tenure.

Executive Commentary on Newman Gold Project 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 Acquisition and Outlook


Peregrine Gold Limited (ASX: $PGD) has successfully acquired three highly prospective exploration licences adjoining and surrounding its Newman Gold Project, further consolidating its footprint in the Pilbara region of Western Australia. The Company's ambitious exploration program has confirmed the prospectivity of the Sylvania Dome for high-grade gold mineralization. With ongoing geological reviews and reconnaissance surface geochemical exploration planning, Peregrine Gold is poised to enhance its understanding of the newly acquired tenure. The Company remains confident in the potential of the Newman Gold Project to develop into Australia's next great gold camp, reflecting its commitment to unlocking the region's mineral wealth.

Sourcehttps://announcements.asx.com.au/asxpdf/20240123/pdf/05zngz5cwsf9vv.pdf

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