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Legacy Minerals (ASX:LGM) identifies visible gold at Harden

Mining
ASX:LGM      MCAP $16.87M
16 September 2021 14:51 (AEST)

Source: Legacy Minerals

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.

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