Sign up Australia
Proactive Investors - Run By Investors For Investors

Legend Mining expands nickel, copper and cobalt sampling method at Rockford project

The company is working closely with the Creasy Group in the Fraser Range.
Aircore drilling
An aircore drilling program of circa 8,000 metres will begin next month

Legend Mining Limited (ASX:LEG) is about to start drilling for nickel, copper and cobalt mineralisation in Area D of its Rockford project in the Fraser Range of Western Australia.

The 100-hole aircore program for circa 8,000 metres will follow-up highly anomalous nickel-copper results obtained in two aircore holes drilled in November 2017.

It will also test additional aeromagnetic and gravity features with broad-spaced drill traverses planned.

“Working our way to the needle”

Mark Wilson, managing director, said: “We are pleased to start our 2018 field season leveraging off the success of the aircore work late last year.

“We feel we have found the haystack and are now working our way to the needle.”

READ: Legend Mining confirms accuracy of nickel, copper and cobalt methods

Legend has decided to proceed with the program after confirming that its 4-metre composite sampling methodology provides an accurate indication of nickel, copper and cobalt mineralisation.

Three months to complete

The new program is scheduled to begin by mid-March and is expected to take up to three months to complete.

Aircore drilling last November returned results of 47 metres at 0.30% nickel, 0.11% copper and 0.03% cobalt from 64 metres, and 10 metres at 0.09% nickel, 0.09% copper and 0.01% cobalt from 56 metres.

Elevated copper assays

The elevated copper assays directly associated with the anomalous nickel make these intersections compelling follow-up targets.

Infill aircore drilling will be carried out 200 metres north, south, east and west of the two November 2017 drill holes to determine the extent of the anomalous footprint.

Additional step-out drilling will be undertaken pending favourable results from these holes.

The program is targeting Area D at the Rockford project.

The broad-spaced drill traverses will be carried out at 400 metre spacing in the wider Area D region.

Infill drilling to 200 metres will then be undertaken if required.

Results to assist in survey design

Results from this program will be used to assist the design of follow-up MLTEM surveys, ultimately aimed at identifying conductors for reverse circulation/diamond drill testing.

READ: Legend Mining’s nickel-copper-cobalt drill results drive share prices

The majority of the 2,792 square kilometre Rockford project comprises seven contiguous exploration licences and is the subject of a joint venture between Legend (70%) and Creasy Group (30%).

Legend operates and manages the joint venture.

The remaining portion of 262 square kilometres is 100% owned by Legend and includes five exploration licences.

View full LEG profile View Profile

Legend Mining Ltd Timeline

Related Articles

Gold bars and gold mining operation
March 28 2018
The AUD gold price is trading near its all-time highs at around A$1,750 per ounce.
picture of fridges
November 30 2017
Discussions are advanced over acquisitions in both the fluorspar and industrial minerals sector
1507227551_boardroom-610.jpg
October 09 2017
In the summer, Mathew Wilson was named chief executive, replacing Basil Botha, who remained as chairman.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use