Total
0
Shares
Legend Mining shares soar following nickel-copper sulphide results
  • Legend Mining (LEG) has found more significant nickel-copper assay results from its third diamond drill hole at Mawson
  • The drill hole intersected significant nickel-copper-cobalt mineralisation
  • Legend will undertake structural logging at the hole to assist further drill-hole targeting
  • Legend is up 107 per cent on the market and trading at 8.57 cents apiece

Legend Mining (LEG) has found more significant nickel-copper assay results from its third diamond drill hole at Mawson.

The drill hole intersected significant nickel-copper-cobalt mineralisation.

Diamond drill hole RKDD007 returned intersections of 14.9 metres at 1.07 per cent nickel, 0.75 per cent copper, 0.06 per cent cobalt from 114 metres, including 2.1 metres at 2.03 per cent nickel, 1.34 per cent copper, 0.11 per cent cobalt from 115.5 metres.

RKDD007 was designed to test beneath anomalous nickel-copper geochemistry associated with pyrrhotite-chalcopyrite-pentlandite, which was intersected in previous aircore drillholes RKAC183 and RKAC225.

Managing Director Mark Wilson says the discovery at Mawson is an outstanding exploration success.

"The 2.1-metre high-grade intercept within a 14.9-metre sulphide zone is within a 70 metres disseminated sulphide halo and has all the hallmarks of a large mineralised system," Mark said.

"Mawson lies within a 16km x 6km mag feature within a distinctly different stratigraphic package of rocks from the other known Fraser Range occurrences of massive sulphides at Nova, Silver Knight and Octagonal," he added.

Mawson is located in the Rockford Project at the Fraser Range district in Western Australia.

Legend will undertake structural logging of RKDD007 to assist further drillhole targeting. A diamond drilling follow-up will be aimed at defining the extent of nickel-copper mineralisation

Legend Mining is up 107 per cent on the market this morning, trading at 8.57¢ apiece at 10:37 am AEDT.


Subscribe


LEG by the numbers
More From The Market Herald
Comet Resources (ASX:CRL) to purchase a new copper project in NSW

" Comet Resources (ASX:CRL) to purchase a new copper project in NSW

Comet Resources (CRL) has put in an offer to purchase a new copper exploration project in New South Wales.
Pioneer Resources (ASX:PIO) updates market on Pioneer Dome Project

" Pioneer Resources (ASX:PIO) updates market on Pioneer Dome Project

Pioneer Resources (PIO) has updated the market on its second lithium drilling program at the Pioneer Dome Project.
Nova Minerals (ASX:NVA) appoints DRA for ore sorting test work at Estelle Gold

" Nova Minerals (ASX:NVA) appoints DRA for ore sorting test work at Estelle Gold

Nova Minerals (NVA) has appointed DRA Global to conduct phase 1 and 2 of ore sorting test-work at the Estelle Gold Project.
Red River Resources (ASX:RVR) restarts production at Hillgrove

" Red River Resources (ASX:RVR) restarts production at Hillgrove

Red River Resources (RVR) is preparing to restart production at its Hillgrove Gold Project in New South Wales.