Legacy Minerals Accelerates Drilling for High-Grade Silver Targets at Mt Carrington

Legacy Minerals (ASX: LGM) is set to fast-track drilling at its Mt Carrington project after obtaining additional government approvals for up to eight holes and 4,000 metres of diamond cored drilling at the Mascotte silver-gold prospect.

The program will follow up on historical high-grade silver results that included one assay of 18.3 metres at 237 grams per tonne silver from 3m, incluuding 9.1m at 394g/t.

The company will also mobilise a rig to Mt Carrington’s Battery prospect next week for its first drilling to test copper targets identified by CRA Exploration – now Rio Tinto (ASX: RIO) – in the early 1990s.

Historical Mascotte Workings

The Mascotte prospect contains an area of significant historical workings with minimal past production.

Previous work there indicated a primary trend of approximately 1.3km in strike, with several potential parallel structures in an area mined for silver and gold with elevated copper and zinc mineralisation.

Mount Carrington Mines drilled 18 percussion holes below the site’s northern workings during 1969-70, with eight intersecting elevated silver mineralisation and a best intersection of 18.3m at 237g/t including 9m at 394g/t from 3.0m.

Aberfoyle drilled four shallow percussion drill holes in 1983 at a northern workings site but conducted no further work, despite intercepting anomalous silver.

Battery Breccia Contacts

CRA’s historical reports suggested it would require further drilling to test the breccia contacts at Battery, although it never completed this program.

Legacy believes new airborne survey results, which have highlighted an underlying elevated conductivity zone, further support the case for testing this target.

Chief executive officer Christopher Byrne said the new geophysical data from the recent airborne survey had revitalised both the Mascotte and Battery prospects, along with the broader Mt Carrington project, providing Legacy Minerals with a level of insight not previously available.

The Mt Carrington Project contains 24 million ounces of silver within the overall resource of 1.2Moz gold equivalent, and Legacy believes there is a significant opportunity to define more silver ounces in the region.