- Legacy Minerals (LGM) receives assays from the Harden gold mine prospect within the Harden project in NSW
- Re-assayed reverse circulation results returned higher grades of 22.7 g/t gold compared to 6.24 g/t gold in the same hole
- Legacy also completed six diamond holes at the prospect which marked the first diamond program in the area and it confirms a wide mineralised corridor extending for 1.2 kilometres
- Future work is planned at the Harden prospect as well as at the nearby McMahons Reef prospect to test its depth and strike potential
- Company shares are trading flat at 15 cents at 2:09 pm AEST
Legacy Minerals (LGM) has received assays from the Harden gold mine prospect within the Harden project in New South Wales.
As reported at the end of last year, reverse circulation (RC) percussion drilling returned assays of two metres at 19.09 grams per tonne (g/t) gold and three metres at 5.12 g/t gold.
Due to the high grades and field duplicates indicating a potential “nugget effect” within sampling, the company re-assayed the original samples within the mineralised zone.
New results include one metre at 22.7 g/t gold from 134 metres, which is a significantly higher grade than the original 6.24 g/t gold in the same hole.
The company said the results confirmed its confidence in the technique, the high-grade results and also the variability in the results caused by an interpreted coarse gold nugget effect.
Legacy Minerals also completed six diamond holes for over 1700 metres at the prospect to test down-dip and along strike of the historical workings.
Diamond drill results include 18 metres at 0.27 g/t gold from 220 metres and one metre at 1.36 g/t gold from 134 metres.
All six holes intercepted the 1.2-kilometre shear zone which is up to 55 metres wide.
Two of the holes intercepted un-documented stoped ground including the deepest hole under old workings.
Due to the stoped ground being intersected, mineralisation at the Harden gold mine remains open at depth and is yet to be fully tested.
“The diamond drill program has confirmed a significant mineralised system and delivered significant geological insight into the Harden gold mine mineralisation, providing LGM with additional data for its geological model,” Managing Director Christopher Byrne said.
“The Harden Project has significant potential which remains untested over the 1.2-kilometre mineralised strike.”
In addition to future exploration at the Harden prospect, Legacy Minerals is refining drill targets to test the depth and strike potential of the nearby McMahons Reef prospect which saw historical high-grade results of up to 21.7 g/t gold.
Company shares were trading flat at 15 cents at 2:09 pm AEST.