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Legacy Iron Ore Ltd.

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Summary

Project:

Mt Celia

Deposit:Mt Celia
Location:Australia
Commodities:Gold
Date:3/22/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:22-3-2018: Legacy Iron Ore Ltd. announces a Resource Estimation report for its Mt Celia deposit at the Mt Celia project. Updated mineral resource estimation to include new Blue Peter resource. Legacy Iron Ore Limited (Legacy Iron or the Company) is please
Resources:(Resource, Inf.): 3.407Mt @ 1.68g/t Au for 184.1Koz Au contained at project
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 Blue Peter deposit have resulted in an approximate 157% increase in the inferred resource to 51,100 ounces. The Blue Peter ore body is located within Mt Celia Project held by Legacy Iron. Following the substantial resource upgrade, current inferred resource estimates for the Mt Celia Project stands at. 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 deposits are part of Legacy’s Mt Celia Project. Both the Blue peter and Kangaroo Bore deposits are hosted by the Laverton Tectonic Complex, a strongly faulted and folded greenstone sequence that forms part of the larger Edjudina-Laverton greenstone belt. The Blue Peter prospect/s is located approximately 2-3 km south of the Kangaroo Bore with in the Mt Celia Project. At Blue Peter, the shear system, which strikes northwest extends and dips steeply to the northeast, 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. The gold mineralisation occurs predominantly within micro-folded quartz-carbonate veins hosted within mafic and schistose lithologies. A schematic representation of the regional geology is shown in Figure 3.

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