Legacy Minerals Holdings Limited (ASX: LGM) has provided an update on ongoing field exploration activities underway at the Drake Project in NSW.
Significant assay results returned from rock samples collected during reconnaissance mapping of
workings identified from the recently completed light detection and ranging (LiDAR) survey.
The latest rock chips have highlighted multiple new mineralized workings and vein trends, with
significant assay results including:
– 30% Sb and 0.38g/t Au
– 25.9% Sb and 0.66g/t Au
– 85g/t Au and 9g/t Ag
– 17.5g/t Au and 18.7g/t Ag
Legacy Minerals CEO & managing director Christopher Byrne said, “We’re pleased to be progressing opportunities at the Lunatic Field Prospect, Drake, with exceptionally high-grade antimony and gold returned from reconnaissance sampling of historical workings and lines of lode. The high grades demonstrate the untested potential and exploration upside over the 5km2 Prospect area.”
The Lunatic Field, within the Drake Project, hosts several occurrences of ‘Hillgrove style’ antimony-gold
mineralization (1.0Moz Au, 93kt Sbi). The Lunatic Field is located approximately 190km north of Larvotto
Resources’ Hillgrove Mine (LRV: ASX), one of the 10 largest antimony resources globally and Australia’s
largest Sb deposit.
Additionally, there has been no drilling targeting antimony at Drake since 2006, when 19 shallow (<100m) and wide- spaced reverse circulation holes were drilled in the area to test the historic antimony workings, and several drill holes intersected previously mined areas (stopes), with reports indicating that the lode widths ranged up to 3m, with a 2-3m mineralization halo on either side of the main interpreted lode.
LiDAR interpretation and historical records indicate the presence of over 630 workings across the vein field that include shafts, adits, open-cut trenching, and underground development to a depth of 86m.
To find out more, please visit www.legacyminerals.com.au
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