Announcement Date: 2022-12-05
Announcement Type: Exploration Update
Announcement Code: JORC
Company name: Legacy Mineral Holdings Ltd.
Project name: Bauloora
Location: Australia
Commodities: Gold,Silver,Copper,Lead,Molybdenum,Tungsten,Antimony,Bismuth,Arsenic
Highlight: Systematic soil geochemical sampling defines new prospects.
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Legacy Minerals Holdings Limited (ASX: LGM, “LGM”, “the Company” or “Legacy Minerals”) is pleased to provide the final drill results from the Mt Felstead Prospect at Bauloora. Exploration activity at Legacy Minerals’ 100% owned Bauloora Project located in New South Wales has returned high-grade silver, gold, lead and zinc assay results. RC drilling to date has focused on the Mt Felstead Prospect where breccia and vein hosted massive and semi-massive sulphides have been intersected (Figure 1). The Mt Felstead Prospect is the first of several high priority target areas to be drill tested at the Bauloora Project with the new assay results highlight the high grade nature and strike extent of the deposit (Figure 2). RC drill assays and logging have defined a mineralised breccia dipping approximately 85o to the West, with parallel mineralised veins striking North-South. Mineralisation has been defined in drilling to 170m depth along a 450m strike length (Figure 3). Mineralisation is open down dip and along strike, where rock chip sampling has defined outcropping mineralisation at surface for 670m. The main zone of mineralisation intercepted at Mt Felstead to date occurs as a steeply dipping lenticular zone, or ore shoot, developed in a fault breccia. Sphalerite, galena, chalcopyrite, tetrahedrite, and gold is host in quartz, chalcedony, calcite, chlorite
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