Legacy Minerals Holdings Limited (ASX: LGM) has highlighted further follow-up areas at the Bauloora Low Sulphidation Epithermal Gold-Silver Project in NSW, Australia.
Recent geophysical results as part of its accelerated and focused exploration programme across the Bauloora Gold-Silver low-sulphidation epithermal project have highlighted nine new ‘look-alike’ high priority hydrothermal alteration anomalies.
These are interpreted to be consistent with those of known Au-Ag bearing low sulphidation epithermal veins mapped elsewhere at Bauloora within the 15 sq. km ‘Gold Zone’
“This is the first-time satellite spectral data has been acquired and interpreted over Bauloora and we are greatly impressed with the results,” Technical Director, Thomas Wall, said.
“Legacy Minerals’ has employed modern ‘smarter’ exploration techniques across its tenure to screen the whole project systematically for unidentified opportunities and to focus on the key targets, reducing time and expenditure.
“The results from the ASTER data have supported the interpretation of the Bauloora epithermal project’s potential to host significant gold-silver epithermal deposits. Nine new ‘look-alike’ alteration anomalies are interpreted to be consistent with those over known Au-Ag bearing low sulphidation epithermal veins mapped elsewhere at Bauloora within the 15km2 ‘Gold Zone.
“The newly identified strong and coherent 48 sq. km propylitic signature situated in the centre of the 100% owned Legacy Minerals tenure, potentially demonstrates the effects of a large, buried magmatic system.
“Encouragingly, broad windows of advanced argillic to argillic alteration associated with strong silica responses suggest areas of high level, acid alteration that have never been visited or worked by previous explorers.
“The spectral response transitions to a dominant phyllic alteration in the east that possibly represents outflows from this central propylitic zone. This correlates with the extensive outcrops of sinter related rocks and gold-silver bearing crustiform-colloform banded epithermal veins and hydrothermal breccias at the Breccia Sinter, Mee Mar and Quarry Prospects.
“Legacy Minerals will focus on incorporating this data with the other geoscientific datasets including geochemistry and geophysics to build a detailed system model prior to further on- ground field reconnaissance work.”
For further information please visit: https://legacyminerals.com.au/
