Legend Mining hunts for next Nova-Bollinger with show of confidence from Mark Creasy
Mark Creasy, who was behind Sirius Resources when it struck the jackpot at Nova-Bollinger has a 30% stake in the Rockford project and a 28% stake in Legend.
Company
ASX:IGO
IGO Limited (ASX:IGO) is an exploration and mining company with a strategic focus on high quality assets of scale and longevity, and an evolving strategy to align the business to the structural shift to energy storage.
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Mark Creasy, who was behind Sirius Resources when it struck the jackpot at Nova-Bollinger has a 30% stake in the Rockford project and a 28% stake in Legend.
Legend managing director Mark Wilson said: “We feel we have found the haystack and are now working our way to the needle.”
The company's drilling will cover more than 20 strike kilometres of gold-in-soil anomalies.
Earthworks start next week for 26,000 metres of aircore drilling.
The company's shares are trading circa 19% higher intra-day at $0.037 following the deal.
The company has received best yet results from drilling at Rockford.
Exploration is being funded by earn-in partner, MMG Exploration Pty Ltd, who can spend $6.5 million to earn 51%.
Soil sampling results have changed Fe's focus to cobalt.
Mining-powerhouse Independence Group NL (ASX:IGO) now holds a circa 94% stake in Windward Resources Ltd (ASX:WIN), as the company mops up the final shares after recently proceeding with compulsory acquisition.
Independence Group NL recently passed a 90 stake%.
Joint venture partner MMG Limited will carry out the work testing 10 target areas for potential massive nickel-copper sulphides.
Priority targets have been identified at the Fairwater Nickel Project, and will be included in the next phase of drilling.
Segue Resources has advanced its Salt Creek Nickel Project in Western Australia with encouraging new drilling that suggests similarities to major regional nickel projects while setting up a more targeted exploration effort in the area next
Pioneer Resources has firmed the outlook of its Fairwater nickel project in Western Australia by confirming via new geochemical work that recent drilling has indeed intersected key geological indicators for nickel sulphide mineralisation.
The Australian All Ordinaries notched a small gain to 5,181 points today on mixed overseas leads, an Australian dollar exchange rate hovering around US$0.70 and mostly weaker commodity pricing.
New drilling at Pioneer's Fairwater nickel sulphide project in Western Australia has confirmed the presence of a mafic-ultramafic system ahead of more targeted near-term exploration.
White Cliff Minerals Limited shares were trading as much as 50% higher today after the explorer received share applications exceeding A$1.5 million in a heavily oversubscribed share placement plan.