en.Wedoany.com Reported - Peregrine Gold (ASX:PGD) has commenced exploration at its Pilgangoora North and Rocklea gold projects in the Pilbara region of Western Australia.
The company's geological team has begun field work aimed at assessing the gold potential of both projects. Activities include geological mapping, rock chip sampling, and targeted stream sediment sampling. Peregrine Gold Technical Director George Merhi stated that the team is pleased to launch exploration at the Pilgangoora North and Rocklea gold projects, following the company's previous report on priority exploration activities at the Capricorn and Peninsula prospects. He noted that while awaiting key approvals for gold and iron ore, the company is actively advancing its project pipeline.
At Pilgangoora North, Peregrine is following up on anomalous gold results identified through a review of historical stream sediment sampling data. In 2022, the company conducted reconnaissance stream sediment sampling within exploration license E45/5775, primarily targeting the lithium potential of the tenement. These samples were also analyzed for over 50 elements, including gold. Following a desktop review of geochemical results in late 2025, Peregrine identified anomalous gold in the streams and initiated a follow-up program involving geological sampling, mapping, and rock sampling.
At Rocklea, Peregrine has commenced general exploration and reconnaissance stream activities after obtaining pastoral approval covering exploration licenses E47/4282 and E47/3797. The company previously completed a limited targeted stream sediment and rock chip survey at E47/3797, providing baseline information to guide the next phase of exploration. Peregrine has expanded its Rocklea tenement package to approximately 1,250 square kilometers through five recent exploration license applications. The tenement package surrounds the Rocklea Dome, with underlying geological units including the Hardey Formation, Bongal Formation, and Pyradie Formation within the Fortescue Group. Management believes these geological and lithological structures enhance the project's prospectivity, with the current exploration program aimed at generating gold targets for further evaluation and potential drilling.
This new activity builds on Peregrine's recent field work at the Newman project, also located in the Pilbara. Earlier this month, the company delineated a mining lease application at the Capricorn prospect after tracing gold in gravels over 4 kilometers. Capricorn is located approximately 4 kilometers south of the Peninsula prospect, where initial testing of paleo-gravels also returned anomalous gold. The application is adjacent to the southern boundary of a special exploration license application staked by renowned prospector and major PGD shareholder Mark Creasy. Newman is also prospective for iron ore, with the company recently announcing two large channel iron deposit prospects, Carneys CID and Coopers CID. Both prospects are located in one of the world's most established iron ore mining hubs, near BHP's (ASX:BHP) major Western Ridge project. Peregrine plans to drill both prospects upon obtaining all relevant approvals.
