Peregrine Gold has acquired a 70% interest in an additional tenement in the Pilbara region of Western Australia which is prospective for gold and base metal mineralisation.
Known as Stoney Creek, the the tenement is located approximately 35km east of Calidus Resources Limited’s Warrawoona Gold Project, which is currently under development.
The Stoney Creek tenement covers approximately 44km2 and is considered prospective for gold and base metal mineralization.
Peregrine said the tenement was a complimentary addition to its existing portfolio of tenements known as the Pilbara Gold Project and increases the company’s land presence in the region.
“The Company intends to undertake initial reconnaissance exploration activities and conduct a detailed review of historical exploration and data over the tenement in order to appropriately design initial and future work programmes,” it said in a statement.