Legacy Minerals Intersects Epithermal Veins in Bauloora Drilling

THE DRILL SERGEANT: Legacy Minerals (ASX: LGM) reported further drilling outcomes from the company’s Bauloora project in the Lachlan Fold Belt of New South Wales.

Legacy Minerals recently carried out diamond drilling at the project intersecting multiple new epithermal veins at never-before drill tested prospects, including Moonlight, Ben Hall, and Breakout.

Eight diamond holes tested five prospects in total, which Legacy had defined via a combination of anomalous soil and rock chip geochemistry and geophysical signatures.

The company said the diamond drill holes confirmed epithermal-style veins beneath elevated gold, silver and pathfinder rock chip and soil geochemical results, and mapped veins.

“The observations of widespread epithermal veins at Bauloora further highlight an exciting time for Legacy Minerals shareholders,” Legacy Minerals CEO and managing director Christopher Byrne declared in the company’s ASX announcement.

“The campaign was designed to test multiple new prospects across a wide area which would potentially open up new mineralised vein trends and give an indication of the scale of the system.

“Impressively, all prospects have had epithermal veins intercepted in drill core.

“While alteration, veins and breccia do not directly translate to gold and silver grades, the presence of the broad down-hole width intervals of epithermal veins and cockade breccia with adularia and hematite as well as sulphide mineralisation is a positive outcome.

“The newly discovered vein zones demonstrate the growth potential of the project with numerous anomalous geochemical trends of the project remaining completely untested and open in all directions.

“We are pleased to be able to unpack this epithermal mineral system with Newmont, our earn-in partner, and continue the good exploration work completed to date.”