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Legend Mining diamond drilling at Mawson points "to a large system driving the mineralisation event"

The company continues to intersect nickel-copper sulphide mineralisation which will be targeted in ongoing drill programs.

Legend Mining Limited - Legend Mining diamond drilling progresses at the Mawson Prospect
The amount of mineralisation encountered by drilling points to a large system driving the mineralisation event at Mawson

Legend Mining Limited (ASX:LEG) has received further evidence of the strong nickel-copper sulphide potential of the  Mawson discovery at Rockford Project in WA's Fraser Range with new assays from diamond drilling including 14.45 metres at 2.63% nickel, 2.09% copper and 0.14% cobalt from 162.05 metres.

Managing director Mark Wilson said: “The overarching point is the amount of nickel-copper sulphide mineralisation we continue to see at Mawson speaks to a large system driving the mineralisation event at this prospect.”

Investors share the optimism with shares as much as 15% higher at the opening to 12 cents while the company's market cap is approximately $281.2 million.

Platinum and palladium as well

Wilson said: “The prospectivity at Mawson has been enhanced by the material widths and grades of the massive nickel-copper sulphide in hole 27 along with the presence of platinum and palladium numbers.”

Apart from the 14.45-metre intersection, other notable assays from hole RKDD027 are;

  • 11.6 metres at 0.75% nickel, 0.67% copper, 0.04% cobalt from 187.4 metres, including 1.60 metres at 2.48% nickel, 1.50% copper, 0.12% cobalt from 188.85 metres;
  • 6 metres at 1.7% nickel, 1.44% copper, 0.09% cobalt from 214 metres, including 3.75 metres at 2.60% nickel, 2.23% copper, 0.13% cobalt from 215.8 metres; and
  • 6 metres at 1.07% nickel, 0.82% copper, 0.05% cobalt, 0.06 g/t palladium, 0.45 g/t platinum from 229 metres, including 1.75 metres at 2.75% nickel, 1.90% copper, 0.13% cobalt, 0.17 g/t palladium, 1.50 g/t platinum from 231.8 metres.

Additionally, drill hole RKDD029 returned assays of 2 metres at 2.75% nickel, 1.63% copper, 0.15% cobalt from 171.2 metres.

Observations in RKDD032

Wilson said: “The mineralisation observed in hole 32 is continuing to develop our knowledge of the nature of the remobilised nickel-copper sulphide in the vicinity of this hole.”

An interval of 38.79 metres of nickel-copper sulphide mineralisation was observed in drill hole RKDD032 including:

  • 10.97 metres of massive and semi-massive sulphide; and
  • 27.82 metres of disseminated, vein, and heavy disseminated sulphide.

Mawson diamond drill hole locations.

Mawson future programs

The company will undertake the following activities in the near term:

  • Completion of DHTEM program on completed DD and RC drill holes;
  • Ongoing DD drilling program targeting known sulphide mineralisation, geochemical anomalies, DHTEM targets, and structural targets;
  • Ongoing integration of DD, RC, aircore and geophysical datasets to evolve 3D emplacement model of Mawson and assist future diamond drill hole planning/design; and
  • Phase I sighter metallurgical test-work on massive sulphide identified at Mawson.

Quick facts: Legend Mining Limited

Price: 0.1 AUD

ASX:LEG
Market: ASX
Market Cap: $267.82 m
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Legend Mining ends 2020 field season on a high with best diamond drill hole...

Legend Mining Ltd's (ASX:LEG) Mark Wilson caught up with Proactive's Andrew Scott after recording the best diamond drill hole to date at its Mawson prospect within the Rockford Project, Fraser Range, Western Australia. RKDD034 intersected 43.1 metres of massive nickel-copper sulphide, including...

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