On Friday 5th of August, Peregrine Gold Limited (PGD) reported spectacular visual gold results from shallow drilling at the Peninsula Prospect, 30 kilometres west of Newman. These results follow percentile grade (>10,000 g/t) rock chip samples and highly anomalous soil and stream sediment samples encountered in 2021 field programs. Is encountered mineralisation simply extraordinary supergene enrichment or otherwise something more exotic? Perhaps PGD has identified the fabled source of the Pilbara’s conglomeratic gold? We provide an overview of exploration completed to date. RC drilling is scheduled to commence at the Newman project within the next week.
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