Drill Testing Underway At Blue Peter And Kangaroo Bore Deposits
Legacy Iron Ore Limited (ASX:LCY) has kicked off additional resource definition drilling at Mt Celia in Western Australia.
The RC drilling will test the strike extension of the Blue Peter and Kangaroo Bore mineralisation. Approximately 2200m of RC drilling is to be carried out, aimed at testing the strike continuation known ore body. Drilling is expected to be complete within a fortnight.
In addition, construction of four monitoring water bores and 1 production water bore to support ongoing hydrogeological studies has been completed last month. The hydrogeological studies and supervision of works is under contract with AMC Consultants. The outcome of the study is expected at the end of the month.
First phase Geophysical Induced Polarisation (IP) survey over Blue Peter and adjoining area was completed earlier this month. This survey will help in delineating new targets for gold exploration, with any drill testing of anomalies/targets having the potential to add to the current indicated and inferred resources of the project.
Additional assays received for the March 21 drilling are getting incorporated in the ore body model and a revision of current resource estimates is under way. As soon as the revision work is complete the mining studies will commence.
RC Drilling at Mt Celia
The RC drilling at Mt Celia has commenced with the aim of extending and defining known mineralisation with the goal of defining additional resources to support ongoing mining studies.
Completion of Phase 1 IP survey at Mt Celia
Phase 1 Geophysical IP surveys have been completed in the prospective areas of the Mt Celia project in and around Blue Peter and Kangaroo Bore prospect. Vortex Geophysics has completed the survey for Legacy Iron. This survey aims to delineate new targets for gold exploration with the view to add ounces to the current indicated and inferred resource.
Geophysical consultant Newexco has supervised the survey works and interpreting the data for target generation. As per initial indications the survey picked up anomalous chargeability over kangaroo Bore and Blue Pete deposits and indicated anomalous areas in the area surveyed.
The company is hopeful for getting mineralisation over IP targets and drill testing is planned for the near future.
Legacy Iron recently completed another RC drilling programme at the Yilgangi which is part of its South Laverton Gold Project. The drill programme aims to uncover strike continuity of known mineralisation at Golden rainbow and Rainbow prospect. In this programme 33 holes were drilled for 1335m.
Previous drilling in December 2020, generated multiple encouraging drill-ready targets, which have been targeted in this drilling programme. There are currently plans for additional resource estimation work after assay results are received from this drilling programme.
The Mt Celia gold project currently contains several known gold occurrences including indicated and inferred resource estimations for the Kangaroo Bore and Blue Peter ore bodies.
Since December 2020, the company has advanced a number of elements required for mine development and resource augmentation and mining studies remain in progress.
SRK Consulting (Australasia) Pty Ltd (SRK) has prepared updates of the Mineral Resource estimates and geological models for the Kangaroo Bore and Blue Peter gold deposits.
Background Yilgangi Project
The Yilgangi gold deposit forms part of Legacy Iron’s South Laverton Gold Project which includes Mt Celia, Yilgangi, Yerilla, Patricia North and Sunrise Bore tenements.
The Yilgangi Project includes two exploration tenements (E31/1019 and E31/1020) and two mining leases (M31/426 and M31/427) situated in a favourable geological setting hosted in target typical altered Greenstone supercrustal volcanic rock. It contains a 2004 compliant resource but this has not been reclassified to the 2012 JORC code.
Last December, RC drilling was carried out in the project, a total of 13 holes were drilled for 854m in all the four tenements. The drilling has returned strong results, increasing confidence in the known mineralisation at the Rainbow and Golden Rainbow prospects. The drilling intersected a broad mineralised zone from surface adjacent, and along strike of the Rainbow
For further information please visit: http://www.legacyiron.com.au/
