Peregrine Gold Limited (ASX:PGD) has been successful in a ballot drawn by the Mining Warden in respect of a four lock Exploration Licence (E45/5775), located in the Pilbara region of Western Australia along strike from the prolific Pilgangoora Lithium operations of Pilbara Minerals Ltd.
Application – E45/5775
The application, E45/5775, is situated in a favourable geological setting which hosts numerous lithium occurrences in addition to tin, tantalum, gold and lead.
Moreover, a sequence of ultramafic rocks mapped within the licence has the potential to host nickel and copper mineralisation.
E45/5775 is approximately five kilometres along strike from Pilgangoora. The mineral resource at Pilgangoora for June 2021 comprised a total of 308.9 million tonnes grading 1.14% spodumene (Li2O) and 105 ppm tantalite.
There has been limited drilling and historical exploration conducted over E45/5775. The limited geological understanding has been derived through geophysical data with some previous interpretation utilised to obtain an overall understanding of the geology of the area. A review of all past work is underway.
Geological data compiled by the Department of Mines, Industry Regulation and Safety (DMIRS) on Critical Minerals reveals the significant extent of pegmatitic material in a broad corridor spanning across E45/5775 to the north.
The pegmatites have been incorporated onto a solid geology image sourced from DMIRS. The status of E45/5775 remains in the application stage until the relevant Native Title requirements have been met by the company.
For further information please visit: https://peregrinegold.com.au/
