- Legacy Iron Ore (LCY) has completed the first round of reverse circulation drilling at its Mt Celia gold project in south-central Western Australia
- 2798 metres were drilled over 29 holes, focusing on the Kangaroo Bore and Blue Peter deposits
- Interpretation of the assay results is currently underway, which will be used to facilitate a resource upgrade at the deposits
- A second round of drilling has been planned for September and October to support further geotechnical studies
- Legacy Iron Ore’s share price remains unchanged today, with shares priced at 0.4 cents each
Legacy Iron Ore (LCY) has completed the first round of reverse circulation drilling at its Mt Celia gold project in south-central Western Australia.
Located 40 kilometres south of the Sunrise Dam gold mine, which hosts an approximate eight-million-ounce gold resource, the Mt Celia project sits within the Laverton Tectonic Zone. It features a number of established gold occurrences, including the Kangaroo Bore and Blue Peter deposits.
According to a mineral resource estimate released in March 2018, the Kangaroo Bore deposit has an inferred mineral resource of 2.8 million tonnes at a grade of 1.48 grammes per tonne of gold, while the Blue Peter deposit has an inferred resource of 607,200 tonnes at 2.62 grammes per tonne of gold.
During this first round of drilling, Legacy completed 29 holes at the two deposits for a total of 2798 metres. The drilling was primarily focused on infilling mineralisation at a shallow depth within an optimised pit boundary that was identified in 2018.
While the interpretation of the assays is currently underway, initial reviews of geological logging confirm the continuity of previously reported mineralisation.
Following the release of the final assay results, Legacy intends to undertake a second round of drilling for 4000 metres, focusing on several early-stage targets with the potential for subparallel mineralisation. Roughly 1000 metres of core drilling has been scheduled for September and October to support further geotechnical studies.
In addition to the completed drill work, Legacy is continuing to advance regulatory approvals for the Mt Celia project, along with environmental and heritage studies. An initial round of environmental survey work has already been completed, with a second set to begin later this year.
Legacy Iron Ore’s share price remains unchanged today, with shares priced at 0.4 cents each at 11:44 am AEST.