Peregrine Gold Limited (ASX: PGD) has provided an update on geophysical exploration activities at its Mallina Gold Project in the Pilbara region of Western Australia.
The company conducted an airborne electromagnetic (AEM) survey at the Mallina Project to test for conductive sulphides associated with mafic and ultramafic intrusions within the Mallina Gold Project. The intrusions are hosted within Mallina Basin sediments and are characterized by extremely strong magnetic anomalies and strong gravity anomalies.
Technical director, George Merhi, commented, “The confirmation of EM anomalism in close proximity to strong gravity, magnetic, and historically reported geochemical anomalism is encouraging and requires immediate follow up with DHEM to better constrain the source. We also look forward to testing our top ranked “Hemi” style intrusive targets in the same campaign. The company will now commence the process of heritage surveys and lodging a POW to prepare for the maiden drill campaign”.
The company conducted an ARMIT Moving Loop EM (MLEM) survey to significantly improve the depth of investigation for conductive sulphides associated with a large 3500 x 2500m gravity anomaly. A discrete late-time anomaly was interpreted in three MLEM lines. Two Fixed Loop EM lines were completed to improve the MLEM anomalies resolution. A partial mid-time anomaly was interpreted in the vicinity of hole DGR016.
The anomalies are not well constrained and are in an area with historical drilling with anomalism, as discussed above. Therefore, to advance the exploration, high resolution downhole (DHEM) data is needed to reconcile against drilling.
Peregrine will now advance both the Cu-PGM and Hemi targets with heritage clearance surveys, Programme of Works Applications, and drill testing.
To find out more, please visit www.peregrinegold.com.au
To read more articles like this, please visit www.theassay.com/news
