LEGACY IRON ORE LIMITED
Drilling was designed to test the Auger soil and RAB anomaly at the central part of the tenement. The Company conducted a reverse circulation (RC) drilling program in
A total of 3 holes, out of 17 returned mineralisation with a maximum value received of 4.02 ppm in SBC 03 at 47m drilled depth. The result provides confidence in the mineralisation indicated by the delineated anomalies and providing additional scope for further investigation and to define strike and depth continuity of the mineralization.
Highlights
Results received from the Company's maiden regional RC drilling program at the Sunrise Bore Gold project
Drilling targeted auger soil and RAB anomaly at the central part of the tenement and intersected gold mineralization in 3 holes out of 17 (total drilled meters 1133 m
Drilling results to be followed up with further RC drilling to define the continuity and extension of the mineralized zone
These results highlighted the potential of gold mineralization in the project. An initial review shows that these results support the auger soil and RAB anomalies. The three holes which intercepted mineralisation are along the strike and approximately covers 900 m of possible strike extension. These intercepts give a possibility of establishing the strike and depth continuity of the ore body by further drill testing.
Next Steps
The Company is planning to further drill test the area to establish the mineralized ore body along the strike and dip of these intercepts by early 2022. Once this is done there is a plan to drill test some other priority targets as well.
The Sunrise Bore project is situated within the Mt Weld pastoral lease, approximately 220 km Northeast of Kalgoorlie. Geologically, the Sunrise Bore project is located in the
The eastern domain comprises mostly granite with rafts of amphibolitic greenstone. The terrain in the eastern part of the project area is variable with good outcrop associated with breakaways and areas of erosion and colluvial sheetwash associated with broad areas of little to no relief. To the west, mafic and ultramafic volcanic rocks are abundant and represent the easternmost part of the Merolia Greenstone Belt. The bedrock geology of this area is largely obscured by a transported cover.
Visits to the tenement found a significant amount of residual terrain, mostly made up of lateritic residuum or lag derived lateritic residuum. In other parts of the project area sheetwash and/or colluvium was found on either the residual profile or on a previously truncated surface.
Legacy Iron conducted multiple rounds of geological traversing, auger soil sampling and rock chip sampling in the area from 2016 to 2020. Notably in this period three phases of auger soil sampling were completed by the Company across multiple geological targets, giving the project significant geochemical coverage.
The most promising targets Kingsley 1, Kingsley 2 and RAB 4 (historic RAB 0.5 ppm AU) were drill tested in this maiden RC program. The Kingsleys (1&2) are the most significant auger soil anomaly highlighting the NE-trending zone in the centre of the tenement of >13 ppb Au. RAB 4 anomaly is based on RAB drilling identified anomalous Au values including 4 m at 0.5 ppm Au from 20m within quartz veins in sheared basalts. Previous explorers have interpreted this target to consist of greenstone mafics and ultramafics between to shear zones and bounded by granite to both sides the East and West
The Company is encouraged in its finding of gold mineralization in the highly prospective geological terrain and looking forward to running follow up drilling programs. The Company also aims to undertake exploration over other targets as well once the recently drilled high priority targets Kingsley 1&2 and RAB-4 are defined
Contact:
Tel: +61 8 9421 2000
Fax: +61 8 9421 2001
Email: info@legacyiron.com.au
Web: www.legacyiron.com.au
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