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IGO's Andromeda discovery also a 'wildcard' for Legend Mining’s Fraser Range project

Legend Mining Ltd (ASX:LEG) managing director Mark Wilson updates Proactive Investors on development of the company’s Rockford nickel-copper and gold project, in Western Australia’s Fraser Range.

The most exciting recent advancement there actually follows work by Independence Group NL (ASX:IGO) on a neighbouring tenement, which turned up thick massive sulphide intersections at a project called Andromeda, located just 7 kilometres from Legend’s southern tenement boundary. Area D of Rockford, with its comparisons to the Nova-Bollinger deposit, remains another key area of focus.

“[With] the Andromeda trend being identified as 24 kilometres through our ground, it’s an example of what I’ve been talking to people in my presentations for a number of years now; that Legend is the leveraged play in this area,” Wilson says.

He continues, “IGO is spending $30 million in Fraser Range, [renowned geologist Mark] Creasy has been spending $10 million and we’ve been spending $4 million. All of that expenditure will throw up results which will have direct impacts on Legend, and some of them indirect. The direct impact is this Andromeda prospect which is a VHMS prospect, which is different to the style of thing we’re looking for in the rest of Area D and Area N.”

The company will soon undertake electromagnetic surveying at Area D to delineate deeper targets for drilling in the fourth quarter, with diamond drilling near the Andromeda discovery potentially happening in the same time frame.

Quick facts: Legend Mining Limited

Price: 0.15 AUD

Market: ASX
Market Cap: $357.32 m

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