Legacy Minerals Intersects Black Range Epithermal Veins
THE DRILL SERGEANT: Legacy Minerals (ASX: LGM) has completed its first diamond drilling campaign at the company’s 100 per cent-owned Black Range project in New South Wales.
Legacy Minerals carried out its first-phase diamond drilling program at the Sugarbag Hill prospect, completing two holes totalling 870.7 metres.
The drilling intersected veins indicative of a low-sulphidation epithermal style of mineral system, supporting the company’s exploration targeting model.
Diamond core is currently being sampled before dispatch to laboratories for assay with results expected to be received in July 2024.
“The visual confirmation of epithermal veins in the initial drill holes completed at Black Range is a great outcome,” Legacy Minerals CEO & managing director Christopher Byrne said in the company’s ASX announcement.
“Our goal was to identity potential feeding structures that may have caused the widespread gold anomalism at surface.
“We achieved our intended proof-of-concept early in this campaign and have decided to await assays before returning for follow up drilling.
“The diamond drilling targeted a large, 2.2 kilometres surface gold trend at Sugarbag Hill which includes a higher tenor, 800 metres long zone with an average of 107.5ppb gold in soil samples.
“Visual observations in the drill core of chalcedony-adularia and bladed carbonate with fluorite support our interpretation of a low-sulphidation style epithermal system.
“With the initial drill program complete at Black Range, the team is now mobilised to Bauloora where drilling is commencing.
“This is an intensive period of exploration and an exciting time for our shareholders, as we progress with our goal of executing four discovery-focused drill campaigns at four different projects this year.
“These include Black Range, Bauloora with our earn-in partner Newmont, Glenlogan with earn-in partner S2 Resources, and EarthAI at Fontenoy.”
Chris Byrne with The Resources Roadhouse at RIU Sydney Resources Round-up.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
