Peregrine Gold Launches 8,100m Drill Program at High-Grade Tin Can Trend

Exploration Momentum Builds at Tin Can

Peregrine Gold Limited (ASX – PGD) has officially started an 8,100-metre Aircore drilling program at the Tin Can Trend, a key part of its 100% owned Newman Gold Project. This move follows the company securing all necessary approvals and aims to thoroughly test a compelling gold and arsenic anomaly that stretches approximately one kilometre in length and 250 metres in width.

The Tin Can Trend has already demonstrated significant promise through previous drilling campaigns, notably at the Tin Can West prospect where a high-grade intercept of 4 metres at 9.0 grams per tonne gold was recorded. The current program is designed to explore the full extent of this anomaly, including potential extensions of this high-grade zone as well as other notable gold intercepts identified in earlier drilling.

Targeting Subtle Geophysical Clues

What makes this drilling campaign particularly intriguing is its integration of geochemical and geophysical data. The company is targeting areas where gold and arsenic anomalies coincide with subtle chargeability anomalies detected by Induced Polarisation (IP) surveys. These chargeability anomalies may indicate the presence of sulphide mineralisation, which often correlates with gold deposits, adding a layer of technical confidence to the exploration strategy.

The program consists of 81 holes averaging about 100 metres each, with assay results expected to be released in the next quarter. This timeline sets the stage for investors and analysts to assess the potential scale and grade of mineralisation at Tin Can, which could materially influence Peregrine’s resource base.

Looking Ahead – Epithermal Prospect Drilling

Following the completion of the Tin Can drilling, Peregrine plans to initiate first phase Aircore drilling at the nearby Epithermal Prospect. This next step is contingent on the final interpretation of recent IP survey results, which will help refine drill targets. The company’s Technical Director, George Merhi, expressed optimism about both projects, highlighting the fertile nature of the targets and the team’s eagerness to uncover further high-grade gold mineralisation.

Overall, this drilling campaign represents a critical phase in Peregrine Gold’s exploration journey, potentially unlocking new zones of high-grade gold mineralisation that could enhance the value and future development prospects of the Newman Gold Project.