A S X A N N O U N C E M E N T
16 DECEMBER 2021
For personal use only
PEREGRINE WINS BALLOT ON TENEMENT HIGHLY
PROSPECTIVE FOR LITHIUM MINERALISATION
Peregrine Gold Limited ("Peregrine" or the "Company") is pleased to announce it was recently successful in a ballot drawn by the Mining Warden in respect of a four (4) block Exploration Licence (E45/5775), located in the Pilbara region of Western Australia along strike from the prolific PilgangooraLithium operations ("Pilgangoora") of Pilbara Minerals Ltd (ASX: PLS).
Figure 1: Geological data from DMIRS displaying pegmatite occurrences on E45/5775.
For further information, please contact: | |
George Merhi | Peter Woodman |
Technical Director | Non-Executive Director |
Tel: +61 418 831 069 | Tel: +61 8 9322 6322 |
T: +61 (0)8 9322 6322 | W: peregrinegold.com.au |
E: info@peregrinegold.com.au | A: Level 9, 28 The Esplanade, Perth WA 6000 |
ABN: 53 644 734 921 |
A S X A N N O U N C E M E N T
16 DECEMBER 2021
For personal use only
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 (Figure 1). E45/5775 is approximately five kilometres along strike from Pilgangoora (Figure 2). 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 (Ta2O5)1.
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.
Figure 2: Location of E45/5775 in the Pilbara region of Western Australia.
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 (Figure 1). 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.
1 Refer Pilbara Minerals Limited (ASX:PLS) ASX Announcement on 6 September 2021, "Substantial increase in Pilgangoora Resource to 309Mt confirms its status as the world's premier hard rock lithium project".
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A S X A N N O U N C E M E N T
16 DECEMBER 2021
For personal use only
COMPETENT PERSONS STATEMENT
The information in this report that relates to Exploration Results is compiled by George Merhi, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Merhi is a Technical Director of Peregrine Gold Limited and a holder of shares, options and performance shares in Peregrine Gold Limited. Mr Merhi has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Merhi consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
FORWARD LOOKING STATEMENTS
Statements regarding plans with respect to Peregrine's projects are forward-looking statements. There can be no assurance that the Company's plans for development of its projects will proceed as currently expected. These forward-looking statements are based on the Company's expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.
This ASX Announcement has been approved in accordance with the Company's published continuous disclosure policy and authorised for release by the Company's Technical Director, George Merhi.
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A S X A N N O U N C E M E N T
16 DECEMBER 2021
For personal use only
Appendix 1: JORC Code, 2012 Edition - Table 1
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria | JORC Code explanation | Commentary | |||||||
Sampling | Nature and quality of sampling (eg cut channels, | • | Not applicable | ||||||
techniques | random chips, or specific specialised industry standard | ||||||||
measurement tools appropriate to the minerals under | |||||||||
investigation, such as down hole gamma sondes, or | |||||||||
handheld XRF instruments, etc). These examples | |||||||||
should not be taken as limiting the broad meaning of | |||||||||
sampling. | |||||||||
Include reference to measures taken to ensure sample | |||||||||
representivity and the appropriate calibration of any | |||||||||
measurement tools or systems used. | |||||||||
Aspects of the determination of mineralisation that are | |||||||||
Material to the Public Report. | |||||||||
In cases where 'industry standard' work has been done | |||||||||
this would be relatively simple (eg 'reverse circulation | |||||||||
drilling was used to obtain 1 m samples from which 3 kg | |||||||||
was pulverised to produce a 30 g charge for fire assay'). | |||||||||
In other cases more explanation may be required, such | |||||||||
as where there is coarse gold that has inherent | |||||||||
sampling problems. Unusual commodities or | |||||||||
mineralisation types (eg submarine nodules) may | |||||||||
warrant disclosure of detailed information. | |||||||||
Drilling | Drill type (eg core, reverse circulation, open-hole | • | Not applicable | ||||||
techniques | hammer, rotary air blast, auger, Bangka, sonic, etc) and | ||||||||
details (eg core diameter, triple or standard tube, depth | |||||||||
of diamond tails, face-sampling bit or other type, | |||||||||
whether core is oriented and if so, by what method, etc). | |||||||||
Drill sample | Method of recording and assessing core and chip | • | Not applicable | ||||||
recovery | sample recoveries and results assessed. | ||||||||
Measures taken to maximise sample recovery and | |||||||||
ensure representative nature of the samples. | |||||||||
Whether a relationship exists between sample recovery | |||||||||
and grade and whether sample bias may have occurred | |||||||||
due to preferential loss/gain of fine/coarse material. | |||||||||
Logging | Whether core and chip samples have been geologically | • | Not applicable | ||||||
and geotechnically logged to a level of detail to support | |||||||||
appropriate Mineral Resource estimation, mining | |||||||||
studies and metallurgical studies. | |||||||||
Whether logging is qualitative or quantitative in nature. | |||||||||
Core (or costean, channel, etc) photography. | |||||||||
The total length and percentage of the relevant | |||||||||
intersections logged. | |||||||||
Sub- | If core, whether cut or sawn and whether quarter, half or | • | Not applicable | ||||||
sampling | all core taken. | ||||||||
techniques | If non-core, whether riffled, tube sampled, rotary split, | ||||||||
and sample | |||||||||
etc and whether sampled wet or dry. | |||||||||
preparation | |||||||||
For all sample types, the nature, quality and | |||||||||
appropriateness of the sample preparation technique. | |||||||||
Quality control procedures adopted for all sub-sampling | |||||||||
stages to maximise representivity of samples. | |||||||||
Measures taken to ensure that the sampling is | |||||||||
representative of the in situ material collected, including | |||||||||
for instance results for field duplicate/second-half | |||||||||
sampling. | |||||||||
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Criteria | JORC Code explanation | Commentary | |||||
Whether sample sizes are appropriate to the grain size | |||||||
of the material being sampled. | |||||||
Quality of | The nature, quality and appropriateness of the assaying | • | Not applicable | ||||
assay data | and laboratory procedures used and whether the | ||||||
and | technique is considered partial or total. | ||||||
laboratory | For geophysical tools, spectrometers, handheld XRF | ||||||
tests | |||||||
instruments, etc, the parameters used in determining | |||||||
the analysis including instrument make and model, | |||||||
reading times, calibrations factors applied and their | |||||||
use | derivation, etc. | ||||||
Nature of quality control procedures adopted (eg | |||||||
standards, blanks, duplicates, external laboratory | |||||||
checks) and whether acceptable levels of accuracy (ie | |||||||
lack of bias) and precision have been established. | |||||||
Verification | The verification of significant intersections by either | • | Not applicable | ||||
of sampling | independent or alternative company personnel. | ||||||
and assaying | The use of twinned holes. | ||||||
Documentation of primary data, data entry procedures, | |||||||
personal | data verification, data storage (physical and electronic) | ||||||
protocols. | |||||||
Discuss any adjustment to assay data. | |||||||
Location of | Accuracy and quality of surveys used to locate drill | • | Not applicable | ||||
data points | holes (collar and down-hole surveys), trenches, mine | ||||||
workings and other locations used in Mineral Resource | |||||||
estimation. | |||||||
Specification of the grid system used. | |||||||
Quality and adequacy of topographic control. | |||||||
Data spacing | Data spacing for reporting of Exploration Results. | • | Not applicable | ||||
and | Whether the data spacing and distribution is sufficient to | ||||||
distribution | |||||||
establish the degree of geological and grade continuity | |||||||
appropriate for the Mineral Resource and Ore Reserve | |||||||
estimation procedure(s) and classifications applied. | |||||||
Whether sample compositing has been applied. | |||||||
Orientation | Whether the orientation of sampling achieves unbiased | • | Not applicable | ||||
of data in | sampling of possible structures and the extent to which | ||||||
relation to | this is known, considering the deposit type. | ||||||
geological | If the relationship between the drilling orientation and | ||||||
structure | |||||||
the orientation of key mineralised structures is | |||||||
For | considered to have introduced a sampling bias, this | ||||||
should be assessed and reported if material. | |||||||
Sample | The measures taken to ensure sample security. | • | Not applicable | ||||
security | |||||||
Audits or | The results of any audits or reviews of sampling | • | Not applicable | ||||
reviews | techniques and data. | ||||||
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Peregrine Gold Ltd. published this content on 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 21:38:08 UTC.