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Legacy Iron Ore Ltd.
Summary
| Project: | Mt Bevan | |
|---|---|---|
| Deposit: | Mt Bevan | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 10/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-10-2019: Legacy Iron Ore Ltd. announces an Exploration/Drilling Update report for its Mt Bevan deposit at the Mt Bevan project. Drilling results incl. peak Ni value of 439ppm. Legacy Iron Ore Limited (Legacy Iron or the Company) is pleased provide the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bhupendra Dashora (Internal) | |
| ABSTRACT: | Legacy Iron Ore Limited (Legacy Iron or the Company) is pleased provide the following update on its nickel exploration program at the Mt Bevan Project (Figure 1). The Mt Bevan Project (Legacy Iron 60%, Hawthorn Resources Limited 40%) is located immediately south of St George Mining Limited’s (ASX: SGQ) Mt Alexander Project. St George Mining has had significant success identifying nickel-copper sulphide mineralisation at Cathedrals, Stricklands and Investigators along the Cathedrals Shear zone (refer to St George Mining Limited ASX announcements). In the recent past, following an initial prospectivity assessment, the Company completed both ground geophysics and auger geochemistry in the northernmost part of the tenement and delineated numerous early-stage nickel sulphide mineralisation targets for drill testing (refer ASX announcement on 30/04/2018). In total of nine early stage targets/anomalies were identified using integrated analysis of ground magnetics, structural interpretations, Moving Loop Electromagnetic (MLEM) data and auger geochemical sampling (refer ASX announcement dated 26 June and 31 July 2019). This area is almost completely concealed by Quaternary alluvium and colluvium cover. During this recent round of the RC drilling, the five early stage targets, located in northern most areas were tested to see if these targets can further be upgraded as part of ongoing exploration for nickel mineralisation at the Mt Bevan project (Figure 1). | |
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