Source: Legacy Minerals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • 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 Online

Winter drilling yields thick lithium for Loyal in Canada

Loyal Lithium has picked up multiple high-grade results close to the surface from three known spodumene…

High grade sniffs in Africa push Mako shares up 14%

Mako Gold Ltd (ASX: MKG) has seen its shares jump above 14 percent on news that it has discovered a high grade zone

Chariot ends quarter charged up on lithium find in Wyoming

Chariot Corporation has confirmed high grade spodumene at its flagship play Black Mountain in the USA…

BHP confirms £31.1B takeover bid for Anglo American

BHP HAS confirmed its offer to takeover fellow mining giant Anglo American plc, following press speculation…