Legacy Minerals restarts drilling at Harden gold mine

Legacy Minerals ASX LGM Harden gold mine diamond drill rig Lachlan Fold Belt Bauloora Harden Fontenoy Rockley Cobar
Legacy Minerals has a busy exploration program planned for 2022 including drilling across many of its Lachlan Fold Belt projects.

Junior explorer Legacy Minerals (ASX: LGM) has kicked off 2022 with a busy drilling schedule across its projects within New South Wales’ prolific Lachlan Fold Belt.

The recently listed company has announced the restart of diamond drilling at the Harden gold mine, following up high-grade gold results from its 2021 reverse circulation (RC) drilling campaign.

This drilling forms part of the 16,000 planned drill metres that are fully funded through the company’s recent initial public offering (IPO), which raised $5.8 million last September.

RC drilling is also expected to begin “imminently” at the company’s Bauloora project, targeting the historical high-grade gold-silver mineralisation of the Bauloora mine.

Legacy then plans to undertake RC drilling at Fontenoy in the second quarter to test within the 8km strike of known copper-gold mineralisation.

Other exploration

Other exploration activities underway include soil sampling programs at the Cobar project focused on the eastern high strain zone and high priority aerial electromagnetic targets, and ground magnetics over Cobar’s Woggle magnetic anomaly are planned for later in February.

At the Rockley project, a helicopter magnetic and radiometric survey planned for March will aim to define drill targets beneath shallow cover over interpreted prospective porphyry copper-gold hosting geology.

Legacy is also currently completing a gradient array induced polarisation (GAIP) survey across the Mee Mar prospect at Bauloora, which has been mapped for over 2km with rock samples grading up to 39.1 grams per tonne gold and 267g/t silver.

Potential for discovery in underexplored areas

Legacy managing director Christopher Byrne said 2022 is shaping up to be an existing year for the company and it sees “excellent potential for growth” at the Harden gold mine prospect and known mineralised drill target areas at the Bauloora mine prospect, both of which will be the initial focus of diamond and RC drilling this quarter.

“However, the potential for transformational new discoveries across our underexplored package is possibly the most exciting part of the program,” he said.

“Preliminary work on the Rockley, Cobar and Bauloora high priority target areas is underway. Importantly, each of these target areas is significantly underexplored and amenable to the low-cost exploration techniques aimed at defining high quality drill targets,” Mr Byrne added.

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