Peregrine Gold to Conduct Induced Polarization Surveys at Western Australia Prospects; Shares Up 15%

MT Newswires Live
04-01

Peregrine Gold (ASX:PGD) will conduct a gradient array induced polarization (IP) survey this month at its Birdsnest and Epithermal prospects in its Newman project in Western Australia, according to a Tuesday filing with the Australian bourse.

Dipole-dipole IP surveying may also be conducted to refine geophysical targets for subsequent drill testing, the filing said.

The surveys are expected to take two to three weeks to complete, with final reports expected in May, per the filing.

Shares rose 15% in afternoon trade Tuesday.

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