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Legacy Iron Ore Ltd.
Summary
| Project: | Mt Celia | |
|---|---|---|
| Deposit: | Kangaroo Bore | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-11-2017: Legacy Iron Ore Ltd. announces a Resource Estimation report for its Kangaroo Bore deposit at the Mt Celia project. Updated Mineral Resource for kangaroo bore deposit. Legacy Iron Ore Limited (Legacy Iron or the Company) is pleased to advise th | |
| Resources: | (Resource, Inf): 2.8Mt @ 1.47g/t Au for 133Koz contained at Kangaroo Bore | |
| CP/QP: | [Resources]: Rodney Brown (SRK Consulting (Australasia) Pty Ltd.) | |
| ABSTRACT: | Legacy Iron Ore Limited (Legacy Iron or the Company) is pleased to advise that the recently completed resource estimates at the Kangaroo Bore prospect, to comply with the revised 2012 JORC reporting, has resulted in a 133,000 oz of inferred resource being defined. SRK Consulting (Australasia) Pty Ltd (SRK) was engaged to prepare/update the Resource Model and Mineral Resource estimates for the Kangaroo Bore and Blue Peter gold deposits. As mentioned above both the prospects are part of Legacy’s Mt Celia Project. The Kangaroo Bore deposit is hosted by the Laverton Tectonic Complex, a strongly faulted and folded greenstone sequence that forms part of the larger Edjudina-Laverton greenstone belt. The mineralisation occurs within the Kangaroo Bore shear zone, which strikes to the northwest, and dips steeply to the northeast. The gold mineralisation occurs predominantly within microfolded quartz-carbonate veins hosted within silicified quartz-pyrophyllite schists. A schematic representation of the regional geology is shown in Figure 3. The Blue Peter prospect is located approximately 2-3km south of the Kangaroo Bore with in the Mt Celia Project. At Blue Peter, the shear system contains several small historic gold workings (Figures 2). The shear system extends over a distance of at least 2 kilometers, and consists of single, parallel or en echelon quartz filled shears within mafic and lesser ultramafic lithologies, that flank an eastern granitoid. | |
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