Proactive Investors - Run By Investors For Investors

Legacy Iron Ore to expand Mt Celia resource through new drilling

Legacy Iron Ore to expand Mt Celia resource through new drilling

Shallow high grade gold intercepts, including a 1 metre bonanza 62.75 g/t were identified in the Legacy Iron Ore (ASX: LCY) initial drilling phase at the Mt Celia gold project in Western Australia, with the company now planning a second drilling campaign to expand the known resource.

The second phase, to be reverse circulation for 3,000 metres of infill and step out drilling, will commence before the end of the month, with assays expected to be released to the market by the end of November 2010.

The Mt Celia Project currently contains a JORC inferred resource of 46,000 oz gold at Kangaroo Bore (1.04 Mt @ 1.4 g/t gold using a 0.7 g/t cutoff).

Following the acquisition of Mt Celia in March 2009, Legacy has concentrated its initial drilling on extending the strike and depth of the Blue Peter mineralisation.

Drilling has now identified significant gold mineralisation to 50 metres below surface, and over a combined strike length of 740 metres.

View full LCY profile View Profile

Legacy Iron Ore Ltd Timeline

Related Articles

1548237943_copper-periodic-table-3.jpg
January 23 2019
Experienced contract miner QME is considering several development scenarios
Smelter
March 19 2019
The project is situated in a developed iron ore mining region with well-established infrastructure
copper wire
June 11 2019
Strategic Minerals has a portfolio of projects in New Mexico, UK and Australia

© Proactive Investors 2019

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