Legacy Minerals Holdings Limited (ASX: LGM) has kicked off a diamond drilling campaign at the Bauloora Project in NSW, Australia.
“We are very pleased to announce that diamond drilling at the Bauloora Project is on schedule and currently underway. This is an exciting progression of this low-sulphidation epithermal project as Legacy Minerals will be the first company to drill test newly identified and high conviction gold and silver epithermal targets,” Managing Director, Christopher Byrne, said.
“The drilling will test some key ‘proof of concept’ targets across the 29sq. km low sulphidation epithermal vein field. These targets include various combinations of coincident mapped crustiform-colloform banded veins and vein breccia, geochemical anomalies, structural targets, and geophysical anomalies.
“Legacy Minerals has put several plans in place to ensure drilling is completed in a timely manner including securing a tracked drill rig that will help enable all weather access to drill sites. We look forward to providing an update of the progress to shareholders over the coming weeks.”
Diamond Drill Programme
This will be the first diamond drilling programme ever completed along these vein trends and will deliver important information, including:
• the controls and characteristics of gold-silver mineralisation
• orientation measurements of structures such as veins, faults and lithological contacts
• lithology types, textures and alteration
• petrophysical downhole survey data
• samples for assay and petrological observations analysis amongst others.
The Mee Mar Prospect is a 2km long (approximately) vein trend defined by high tenor Au-Ag- Sb-Pb soil anomalism associated with crustiform-colloform banded veins and vein breccia quartz outcrop and float trains.
Rock chip sampling here has graded up to 55.5g/t Au, 904g/t Ag and 1,810ppm Sb. The high levels of Hg in rock chip samples (up to 39.1ppm Hg) and historic RC drilling (up to 83ppm) and crustiform-colloform banded quartz-chalcedonic silica- adularia veins suggest the epithermal system is intact and has not been deeply eroded.
Drill Targets
The diamond drilling will test the low-sulphidation epithermal vein system with a focus on determining the vein structural orientations, epithermal textures, and controls to mineralisation. Targets tested in the following campaign consist of coincident combinations of the following features:
1) resistive anomalies generated from the GAIP;
2) soil and rock chip geochemical targets;
3) structure intersections based on mapping and detailed magnetics; and
4) low-sulphidation epithermal vein outcrop and float trail targets.
For further information please visit: https://legacyminerals.com.au/
