With visible gold already noted in early drilling at Legacy Minerals Holdings’ (ASX: LGM) Harden project in New South Wales, the company has generated “new compelling targets” from a recent survey.
The targets were identified at the Harden gold mine prospect after a dipole-dipole induced polarisation survey was completed at the project.
Legacy noted IP surveying is frequently used to pinpoint disseminated sulphides that may be associated with precious and base metals.
Exploration manager Thomas Wall said the survey had identified “shallow chargeable anomalies” at the Harden gold mine prospect.
“These compelling drill targets are located nearby historical mined high-grade gold mineralisation and in favourable structural setting.”
“Furthermore, observed disseminated and veined pyrite in recently completed drilling nearby historically mined high-grade gold mineralisation provides encouragement these chargeable responses are due to increased sulphide content,” he added.
Anomalies to be tested ‘imminently’
With drilling approvals already in place and a rig on site, Mr Wall said the company will test the highest priority anomalies imminently.
The IP anomalies have never been previously drilled and are close to recent holes where assays are pending but have been noted to contained disseminated and veined pyrite.
Harden gold project
Legacy’s Hard project is within NSW’s Lachlan Fold Belt and hosts several historical high-grade mines in a district that has produced 460,000 ounces of gold.
The company says the historic mines within its Harden project are the largest hard rock mines in the district and generated about 75,000oz gold at 28.6g/t.
This was all produced before 1919.
At the Harden gold mine area, previous drilling uncovered 3m at 10.5g/t gold from 20m and at the project’s McMahons Reef gold mine returned 3.6m at 21.7g/t gold.
Last week, Legacy reported visible gold had been seen in several drill chips recovered from the maiden drilling program at the project.
The company had planned to undertake 12-holes for 1,900m, with five now finished.