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Legend Mining in trading halt ahead of the release of Fraser Range exploration results

Diamond, reverse circulation and aircore drilling continues at the Mawson discovery within the Rockford Project as well as DHTEM surveying in diamond and RC drill holes.

Legend Mining Limited - Legend Mining in trading halt ahead of the release of exploration results
Legend’s exploration focus is on its nickel-copper Rockford Project in the Fraser Range, Western Australia

Legend Mining Ltd (ASX:LEG) has exploration results pending from the Fraser Range and has been granted a trading halt ahead of the announcement.

The trading halt will be in place until the beginning of ASX trading on Tuesday, September 8, or when an announcement is released to the market, whichever occurs earliest.

Legend has a market cap of approximately $417.1 million and shares last traded at 16.5 cents, up from 12.5 cents at the close on July 21.

Strong conductor identified

On August 27, the company identified a ‘very strong’ off hole conductor during downhole electromagnetic (DHTEM) surveys at the Mawson discovery within the Rockford Project on WA’s Fraser Range.

The 25,000-30,000S off hole conductor defined during DHTEM surveying of hole RKDD021 is twice as strong as the 12,000-14,000S that the hole was designed to test.

This conductor is interpreted to be the extension of the lower 15.35 metres of net textured, heavy disseminated, and semi-massive nickel-copper sulphides intersected in the hole.

The position and orientation of the conductor fits with the structural analysis of the interpreted extension orientation of the main Mawson mineralisation.

Quick facts: Legend Mining Limited

Price: 0.1 AUD

ASX:LEG
Market: ASX
Market Cap: $267.82 m
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Legend Mining intersects significant nickel-copper sulphides at Mawson

Legend Mining Limited's (ASX:LEG) Mark Wilson caught up with Proactive's Andrew Scott after announcing they've intersected a total of 24.65 metres of nickel-copper sulphides in a diamond hole at Mawson prospect within the Rockford Project on WA’s Fraser Range. Hole RKDD021 hit two encouraging...

on 14/8/20

2 min read