Legend Mining preparing to drill newly identified features at Pinnacle West

• Rockchip gold samples coincident with chargeable-resistive IP feature.
• Gold results associated with intense quartz-chlorite-siderite-magnetite alteration.
• Confirmation of potential for gold mineralisation at depth.
• Drill approval process underway.

Legend Mining (ASX:LEG) is preparing to drill newly identified gold opportunities at the Pinnacle Well project, near Leonora. The company’s confidence in the project has been boosted by recent field reconnaissance and results from a rock chip sampling program, which identified gold potential at depth.

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The gold prospectivity has also been supported by an extensive hydrothermal alteration, a coincident 600m chargeability-resistive PDIP feature, and proximity to the regionally important NW-SE trending Keith-Kilkenny Fault Zone.

Executive chair, Mark Wilson, said the company’s finalising drillhole design utilising PDIP modelling, rockchip/soil geochemistry, and results from recent reconnaissance.

“The gold prospectivity at the Pyrophyllite Hill prospect has been enhanced by the evidence of extensive hydrothermal alteration and rockchip sample assay results from this work,” Mr Wilson told shareholders today.

“This new info, when coupled with previously announced IP survey results and the proximity of regionally important structures, makes this prospect a compelling gold target.

“Our plan is to conduct an initial drilling programme over the area identified by the IP survey at Pyrophyllite Hill, which will commence once statutory approvals are received following a heritage survey.”

A heritage survey request was submitted to the native title party on March 31, and Legend is now awaiting survey timing details.

Field reconnaissance was recently completed at the Pyrophyllite Hill and Alpha North prospects, ground-truthing features observed in the gradient array induced polarisation and pole-dipole induced polarisation surveys ran at both prospects.

At the Alpha North target, the reconnaissance work has shown that there is a correlation between PDIP chargeable response and some quartz veins.

Drillhole design will focus on quartz veins with a coincident chargeable response and veins that returned elevated gold results from previous rockchip sampling.

The Pyrophyllite Hill prospect is considered prospective for both intrusion-related and structurally controlled gold mineralisation, Legend says. This has been supported by several coincident key indicators.

LEG will open at 0.8¢. Mkt cap $23.31M.

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