- Legacy Minerals (LGM) receives the final results from its reverse circulation (RC) drilling program at the Harden Gold Mine Prospect
- One of the best Best results come from hole RC21HN011 which intersected up to 7.55 grams per tonne of gold
- Legacy will now drill five diamond holes to test along strike and beneath historical workings
- The diamond drilling will allow for the testing of the depth extensions as well as provide structural information regarding the character of the mineralisation
- Legacy ends the day 2.50 per cent in the red with shares trading at 19.5 cents
Legacy Minerals (LGM) has received the final results from its reverse circulation (RC) drilling program at the Harden Gold Mine Prospect.
Best results come from hole RC21HN011 which returned an intersection of six metres at 2 grams of gold per tonne (g/t) from 128 metres including one metre at 7.55g/t gold from 128 metres.
Other results including one metre at 1.16g/t gold from 51 metres at one metre at 0.70g/t gold from 113 metres.
Legacy also intersected sericite-pyrite alteration from 70 to 78 metres as well as 87 to 99 metres and coinciding with the location of an induced polarisation (IP) anomaly.
A large amount of clay was also observed from 151 to 157 metres and drilling halted due to poor drilling conditions throughout the clay.
Legacy will now test the IP anomaly along strike and closer to Harden where the chargeability response increases.
Additionally, the company will drill five diamond holes, for 1200 metres, to test along strike and beneath historical workings.
The diamond drilling will allow for the testing of the depth extensions as well as provide structural information regarding the character of the mineralisation.
Managing Director Christopher Byrne commented in the drilling results and the upcoming diamond drilling.
“The latest assays from the company’s maiden drilling at the Harden Gold Mine Prospect have confirmed it is an exciting and rapidly developing high-grade gold discovery with significant potential,” Mr Byrne said.
“The grades seen to date across a strike of 400 metres demonstrates the size potential for the system.”
“We are keenly progressing further exploration and the diamond drilling planned for this month is a very exciting next step. It will allow us to test the continuity of the orebody at depth and we expect the drill campaign to run until mid-December.”
Legacy has ended the day 2.50 per cent in the red with shares trading at 19.5 cents in a $15.03 million market cap.