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Legacy Iron Ore Ltd.
Summary
| Project: | Mt Celia | |
|---|---|---|
| Deposit: | Mt Celia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-10-2016: Legacy Iron Ore Ltd. announces an Exploration/Drilling Update report for its Mt Celia deposit at the Mt Celia project. Drilling results incl. 8m @ 7.22g/t Au. Legacy Iron Ore Limited (Legacy Iron or the Company) is pleased to announce that its | |
| Resources: | (Resource, Inf.): 76'954oz Au contained at Mt Celia total | |
| CP/QP: | [Overall Report]: Bhupendra Dashora (Internal) | |
| ABSTRACT: | Legacy Iron Ore Limited (Legacy Iron or the Company) is pleased to announce that its plans to upgrade the Company’s gold resources has received a boost, with the receipt of significant results from the recently completed RC drilling program at the Mt Celia Gold Project (Figure 1). A 1,960 metre RC drilling (15 drill holes) program has recently been successfully completed with the aim to upgrade and expand the company’s known gold resources. The drilling was targeted on the Blue Peter and Coronation prospects where previous drilling program produced numerous high grade gold intersections over a strike length of approximately 790m and 250m respectively (Refer to ASX announcement dated 2 September 2010). Drill holes in this program were positioned to confirm the continuity of mineralisation at depth, along strike and down dip of mineralisation at both the prospects. The Mt Celia Project lies within the Laverton Tectonic Zone some 40km south of the Sunrise Dam gold mine (8Moz gold resource), as shown in Figures 1. The Project currently contains two JORC compliant gold resources, being the Kangaroo Bore - Inferred resource of 46,000oz gold (1.04Mt @ 1.4g/t gold using a 0.7g/t cut-off), and Blue Peter – Inferred resource of 30,554oz gold (239,232t @ 3.97g/t gold using a 1.0g/t cut-off). (See appendix 1 below for resource table) | |
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