viewLegend Mining Limited

Legend Mining drilling third hole at Area D looking for next Nova

The diamond hole is targeting nickel copper sulphides beneath scout aircore drilling that intersected nickel and copper mineralisation.

Legend Mining Limited - Legend Mining drilling third hole at Area D looking for next Nova
Core from diamond drilling being logged on site before being sent to the lab for assays

Legend Mining Limited (ASX:LEG) has commenced drilling its third diamond drill hole RKDD007 at Area D within the Rockford Project in Western Australia.

Legend’s managing director Mr Mark Wilson said: “The positive results from the first hole were a key driver in the decision to drill a third hole whilst the rig is on site.

“This hole will target the gabbronorite host rock beneath the previously identified anomalous aircore nickel-copper mineralisation.

“Further analysis of the core logging, assays and petrology from the second hole and reconciliation of previous LF-MLTEM with downhole EM models is required to plan the next programs at the D1 conductor.”

The map below shows the aircore results which diamond hole RKDD007 is targeting.

Industry heavyweight IGO increases stake in Legend

Earlier this year, nickel heavyweight Independence Group (ASX:IGO) became a substantial shareholder of Legend with an initial 11.94% stake.

The holding came as a result of agreements signed with Independence and well-known prospect Mark Creasy’s Creasy Group Pty Ltd.

These agreements included three new joint ventures covering parts of Legend’s large Rockford Project and raising $9.8 million in a two-tranche subscription arrangement with Independence.

In October 2019, Independence increases its stake from 11.94% to 14.18%.

Quick facts: Legend Mining Limited

Price: 0.13 AUD

Market: ASX
Market Cap: $358.17 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Legend Mining Limited named herein, including the promotion by the Company of Legend Mining Limited in any Content on the Site, the Company...


Legend Mining says metallurgical test-work has de-risked Mawson prospect

Legend Mining Ltd's (ASX:LEG) Mark Wilson caught up with Proactive's Andrew Scott after receiving positive phase-1 metallurgical test-work results on samples from diamond drill hole RKD034 at the Mawson prospect. They demonstrated recoveries of up to 98% copper and 97% nickel. Wilson says the...

3 weeks, 2 days ago

2 min read