- Legend Mining (LEG) identifies new priority drilling targets through a recently completed seismic survey of a key prospect within its Rockford project in WA’s Fraser Range
- The company says it has completed data processing and modelling from the survey of the Mawson prospect with “outstanding” results
- According to Managing Director Mark Wilson, the company will use the information from the survey work to rank and plan drill targets for the start of its 2022 field season in April
- Legend is primarily focused on nickel-copper sulphide mineralisation at the project, along with volcanogenic massive sulphide (VMS) zinc-copper-silver and some gold
- Shares in Legend Mining are up 8.5 per cent to 7.6 cents
Legend Mining (LEG) shares have been on the rise after it released processing and modelling data from a 3D seismic survey of a key prospect within its Rockford project in WA’s Fraser Range.
The company completed the survey over a 6.5 sqkm area at the Mawsons prospect in December 2021.
Legend Managing Director Mark Wilson said the structural detail of the Mawson intrusion identified through the survey work was “outstanding”.
“The seismic signature of the Mawson discovery zone is clearly evident in the modelled data and is replicated in an offset position below the Mawson fault,” Mr Wilson said.
“The Mawson chonolith also appears to extend at depth.”
He said the survey highlighted priority targets for when the company begins diamond drilling in the area once more later this year.
The purpose of the seismic survey was for Legend to define the architecture of the Mawson intrusion in relation to the “stratigraphic package” and to a depth of at least 1000 metres below the surface, according to the company.
At the same time, the company wanted to test for a direct detection signature of nickel-copper-cobalt sulphide accumulations in the Mawson discovery zone.
Legend said the seismic signature of this zone was “clearly evident” and represented a compelling drill target.
Looking ahead, Legend said seismic data modelling was still ongoing at the Mawson prospect, and the company would now begin to incorporate completed drilling, geophysics, geochemistry, a new structural model and existing 3D modelling into the seismic cube for drill target ranking and planning.
The company’s 2022 field season at the Rockford project is set to kick off in April. The company is primarily focused on nickel-copper sulphide mineralisation at the project, along with volcanogenic massive sulphide (VMS) zinc-copper-silver and some gold.
Shares in Legend Mining were up 8.5 per cent to 7.6 cents each at 11:23 am AEDT. The company has a $206 million market cap.