Total
0
Shares
Legacy Minerals (ASX:LGM) - Managing Director, Christopher Byrne
Managing Director, Christopher Byrne
Source: Christopher Byrne / LinkedIn
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Legacy Minerals (LGM) receives new assay results from its maiden drill program at the Harden Gold Mine Prospect
  • Results have been received for two holes that were drilled to target the near-surface mineralisation with the ground of the Harden Gold Mine
  • While all results are yet to be received, grades have so far peaked at 32.80 grams of gold per tonne
  • Legacy has also received approvals to test high-priority induced polarisation chargeability anomalies with the majority never being drilled
  • Legacy ends the day 4.76 per cent in the green with shares trading at 22 cents

Legacy Minerals (LGM) has received new assay results from its maiden drill program at the Harden Gold Mine Prospect.

The company has drilled seven out of the planned 11 hole reverse circulation (RC) drilling programme.

Results have been received for holes RC21HN004 and RC21HN005 which were drilled to target the near-surface mineralisation along strike and within the ground of the Harden Gold Mine.

Best results include five metres at 7.81 grams of gold per tonne (g/t) from 110 metres including two metres at 19.09g/t gold from 111 metres including one metre at 32.80g/t gold from 111 metres.

Results for a further five RC holes are yet to be received which includes hole RC21HN006 that contains visible gold.

Legacy has also received approvals to test high-priority induced polarisation (IP) chargeability anomalies with the majority never being drilled.

Managing Director Christopher Byrne said the company is excited by the new results.

“The initial round of assay results has confirmed the Harden Gold Mine continues to host significant high-grade gold mineralisation,” Mr Byrne commented.

“The company is excited by the intersection of a new, mineralised parallel quartz vein structure in the footwall of the historical high-grade Harden Gold Mine.”

“The company will continue to build on these results with highly anticipated assays pending and with drilling to commence on the recently defined dipole-dipole induced polarisation survey targets.”

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
Raiden Resources (ASX:RDN) - Managing Director, Dusko Ljubojevic

" Raiden Resources (ASX:RDN) embarks on exploration in Eastern Europe

Raiden Resources (RDN) is continuing to progress its exploration strategy across the Western Tethyan portfolio of assets in Eastern Europe.
Dateline Resources (ASX:DTR) - Managing Director, Stephen Baghdadi

" Dateline Resources (ASX:DTR) completes Colosseum acquisition

Dateline Resources (DTR) has completed its acquisition of the Colosseum Gold Mine and associated permits from LAC Minerals.
The Market Herald Video

" Tesoro Resources (ASX:TSO) eyes $7.3m capital raise for El Zorro

Tesoro Resources (TSO) is looking to raise $7.3 million to advance work at its El Zorro gold project in Chile.

" Investigator Resources (ASX:IVR) intersects encouraging gold and silver around Paris

Investigator Resources (IVR) has intersected encouraging gold and silver mineralisation at the Ares, Paris East and Helen East targets in Western Australia.