Source: Legacy Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Legacy Minerals (LGM) identifies visible gold in multiple reverse circulation (RC) drill chips at the Harden Gold Mine Project
  • Drilling was designed to test the extensions of high-grade gold mineralisation historically mined at Harden
  • Five of the six holes intersected zones of quartz-sericite-pyrite alteration with anomalous pathfinder elements
  • Best results include 17 metres of quartz-sericite-pyrite alteration and assays are pending and are expected in three to four weeks
  • Legacy ends the day 4.76 per cent in the green with shares trading at 22 cents

Legacy Minerals (LGM) has identified visible gold in multiple reverse circulation (RC) drill chips at the Harden Gold Mine Project.

Drilling was designed to test the extensions of high-grade gold mineralisation historically mined at Harden.

Holes were planned to test within both mined and unmined areas down-dip and down-plunge of the historical mine.

Five of the six holes intersected zones of quartz-sericite-pyrite alteration with anomalous pathfinder elements.

Best results come from holes RC21HN003 and RC21HN005 which identified 17 metres of quartz-sericite-pyrite alteration.

A further seven holes are set to be drilled along the 800 metres strike between the Harden Gold Mine and Harden Extended.

Assays are pending for all holes with results expected in three to four weeks. Final results from the entire program are expected by the second week of October.

A dipole-dipole induced polarisation was also recently completed along the 1.4-kilometre strike and Legacy is currently in the process of interpreting the results.

Legacy has ended the day 4.76 per cent in the green with shares trading at 22 cents in a $15.78 million market cap.

LGM by the numbers
More From The Market Herald

" Empire Resources (ASX:ERL) records further multi-element mineralisation at Yuinmery, WA

Empire Resources (ASX:ERL) has intersected more multi-element mineralisation at its Yuinmery project in Western Australia.

" R3D Resources (ASX:R3D) to commence drilling in QLD this weekend

R3D Resources (ASX:R3D) is gearing up to commence a drilling program at key copper and zinc…
The Market Herald Video

" Solis Minerals (ASX:SLM) withdraws from Mostazal acquisition

Solis Minerals (ASX:SLM) has withdrawn from its option agreement to acquire the Mostazal project in Chile.
The Market Herald Video

" Midas Minerals (ASX:MM1) exercises option to buy Newington project, WA

Midas Minerals (ASX:MM1) has exercised its option to acquire the Newington Lithium-Gold project from DiscovEx Resources…