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Legend Mining has news pending on proposed capital raising and JV agreements

The company is in a trading halt until Wednesday, July 10, or when an announcement is released.

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The company is active in WA’s prolific Fraser Range

Legend Mining Ltd (ASX:LEG) is in a trading halt with an announcement pending in relation to a proposed capital raising and joint venture agreements.

The halt will remain in place until the start of ASX trading on Wednesday, July 10, 2019, or when an announcement is released to the market, whichever occurs earliest.

Securities of the company, which is active in the prolific Fraser Range of WA, last traded at 2.9 cents.

Legend is exploring multiple prospects for nickel-copper, copper-zinc-silver, and gold at its Rockford project, which hosts similar geology to Independence Group NL’s world-class Nova-Bollinger deposit.

READ: Legend Mining eyes the next Fraser Range discovery at Proactive’s CEO Sessions

The company’s managing director Mark Wilson will present Legend’s story to investors at the Proactive CEO Session in Sydney on Monday, July 25 and Melbourne on Tuesday, July 26.

There are two key target areas in the 2,379 square kilometre project – Area D and Rockford South – at which the company is focusing most attention.

Exploration at Area D has identified 17 targets labelled D1-D17 and three prospects have been identified at Rockford South being Shackleton, Crean, and Worsley.

READ: Legend Mining latest drill results at Worsley build case for VMS deposit

Earlier this month, Legend received assay results from 12 infill aircore drill holes drilled at the Worsley Prospect.

Results feature 28 metres at 0.17% zinc and 1.37 g/t silver from 40 metres including 4 metres at 0.71% zinc, 1.71 g/t silver, 0.11% nickel and 0.09% cobalt.

Legend believes these early results are indicative of a volcanogenic massive sulphide (VMS) system.

Register now for the CEO Sessions:

Sydney details, Monday, July 15, 2019

Melbourne details, Tuesday, July 16, 2019

Quick facts: Legend Mining Limited

Price: 0.043 AUD

ASX:LEG
Market: ASX
Market Cap: $102 m
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Legend Mining signs agreements with Creasy and Independence to boost value...

Legend Mining Limited (ASX:LEG) managing director Mark Wilson updates Proactive Investors on the signing of transformational joint venture agreements with super prospector Mark Creasy's Creasy Group Pty Ltd, and Independence Group NL (ASX:IGO), in farm-in deals aimed at unlocking more...

on 12/7/19

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