Peregrine Gold (ASX: PGD) has commenced follow up exploration at the expanded Tin Can Prospect at the Newman Gold Project in WA.
It has also commissioned a high-level review of the company’s broader exploration strategy over the Newman Gold Project.
“The company is rapidly progressing the Tin Can and Tin Can West discoveries with a view to uncovering the full extent of gold mineralisation in the trend,” Technical Director, George Merhi, said.
“Our sights are set on making a major >1moz gold discovery in this region and we are making great progress, having generated Tin Can from greenfield programmes in 2021 through to the drill programmes at the present day.”
Expanded Tin Can Trend Geochemistry
The soil sampling programme currently underway in the Priority 1 area covers the immediate western extensions of the Tin Can Trend and the magnetic feature which dominates the Tin Can and Tin Can West prospects.
The next phase of soil sampling will be extended further out to the west with the Priority 2 area with the Priority 3 area to follow.
The Priority 3 area soil sampling will join up with the regional soil sampling coverage on the neighbouring exploration licence (EL) purchased from DiscovEx Resources in January this year. That soil sampling was part of regional coverage that led DiscovEx to the Hilditch prospect, 2.3km to the east of Tin Can.
Tin Can Prospect Geophysics
In addition to soil sampling on the Tin Can trend a series of Induced Polarisation surveys are planned. Initially starting with Gradient Array IP (GAIP) and then followed-up with Dipole- Dipole IP (DDIP) where needed over priority IP anomalies identified in the GAIP data.
The GAIP survey method provides plan view maps of IP chargeability, resistivity and conductivity. With the anomaly sources typically relating to sources within the top 100m from surface. It is hypothesized that the minor pyrite associated with known gold mineralisation at Tin Can will produce chargeability anomalies and potentially other blind anomalies.
If anomalies are identified with GAIP then DDIP lines are planned as follow up. DDIP data provides a cross-sectional representation of chargeability and resistivity/conductivity and is useful to help with modelling and interpretation of depth and orientation of IP anomaly sources within a few hundred metres from surface. This will assist the company with both targeting gold mineralisation in fresh rock and identifying zones of dilation and potentially larger scale, blind targets for gold mineralisation within the demonstrably fertile Tin Can structure.
In addition, the company is extending the current extent of heritage surveys further west and east to enable drilling and ground disturbing work.
Newman Gold Project
The company holds a 100% interest in the Newman Gold Project consisting of twenty-two (22) granted exploration licences (and nine applications) covering a total of in excess of 2,000 sq. km located on the Sylvania Inlier in the south west of the prolific Pilbara region.
The project is situated approximately 30km south and west of Newman and approximately 1,000km north-north east of Perth at the southern edge of the Hamersley area of Western Australia.
