- 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.