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Legacy Iron Ore Ltd.
Summary
| Project: | Mt Celia | |
|---|---|---|
| Deposit: | Kangaroo Bore | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-2-2019: Legacy Iron Ore Ltd. announces an Exploration/Drilling Update report for its Kangaroo Bore deposit at the Mt Celia project. Drilling results incl. 4m @ 2.99g/t Au form 138m. Legacy Iron Ore Limited (Legacy Iron or the Company) is pleased to ann | |
| Resources: | (Resource, Inf.): 3.407Mt @ 1.68g/t Au for 184.1Koz Au contained at project | |
| CP/QP: | [Overall Report]: Bhupendra Dashora (Internal) | |
| ABSTRACT: | Legacy Iron Ore Limited (Legacy Iron or the Company) is pleased to announce the significant results of five remaining RC drill holes from October 2018 at Kangaroo Bore deposit within the Mt Celia Gold Project. First part of these results (16 drill holes) were reported in ASX announcement dated 22 January 2019. This program was designed to demonstrate the continuity of mineralisation, specifically within the optimised pit boundary and to test for depth extensions to mineralisation beyond the current modelled limits (see ASX announcement dated 18th October 2018). Encouragingly, all five holes also confirms continuity of the modelled veins at depth as well as mostly support the current interpretation of mineralisation, with holes KBC040 and KBC043 ending in mineralisation. This highlights the potential for continuity mineralisation at depth. These drilling results provide further data to support the positive pit optimisation study (see ASX announcement dated 15th October 2018) which demonstrated a strong case for further resource enhancement at Mt Celia Project. The five holes reported were drilled to a total depth of 564 m as part of the wider infill program which consisted of 21 holes for 2,202 m. All five holes reported are from the southeast of the deposit (Figure 1). | |
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