logo-loader
viewLegend Mining Limited

Legend Mining halted with Rockford Project exploration update pending

The halt will be in place until the start of trade on Wednesday, May 27, or when an announcement is released.

Legend Mining Limited - Legend Mining halted with Rockford Project exploration update pending
Last week the company identified further diamond drill targets

Legend Mining Limited (ASX:LEG) is in a trading halt with another exploration update pending from the Mawson prospect within the Rockford Project in Western Australia’s Fraser Range.

The halt will remain in place until the start of normal ASX trading on Wednesday, May 27, 2020, or when an announcement is released to the market, whichever occurs earliest.

Shares last traded at 15 cents and are up from 5.3 cents on March 23, reaching a new 12-month high of 21.5 cents on April 22.

Further diamond drill targets

Late last week the company confirmed further diamond drill targets for nickel-copper sulphide mineralisation at the Rockford Project through a combination of innovative surveys.

Moving and fixed loop electromagnetic (MLTEM & FLTEM) surveys were conducted over seven prospect areas - Northeast Mawson, Mawson Central, Worsley, Crean, Hurley, Magnus and Octagonal.

Legend also has the Worsley conductor W1 diamond drill-ready while Crean and a new prospect, Hurley, require final aircore drilling and infill surveys.

Regional program

This work began late last year and is part of a regional exploration program at Rockford.

Managing director Mark Wilson said “The completion of the infill work at Crean and Hurley is expected to be in 4-6 weeks.

“Once this is finalised, we can plan a Rockford South drill program comprising Worsley, Shackleton and probably Crean and Hurley, dependent upon infill EM and aircore results.

“We are planning to extend the current Mawson diamond drill program to include conductors D13 and D15 once commitments in the main Mawson prospect are completed.”

Quick facts: Legend Mining Limited

Price: 0.14 AUD

ASX:LEG
Market: ASX
Market Cap: $353.5 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Legend Mining's Mark Wilson hails best results to date at Mawson and updates...

Legend Mining Limited's (ASX:LEG) Mark Wilson tells Proactive's Andrew Scott they've hit their best result yet at Mawson from hole 18 - an intersection of 4.5 metres at 3.05% nickel, 2.32% copper and 0.19% cobalt the best grades to date. Wilson adds that they recently received strong support...

1 day, 16 hours ago

2 min read