Legend Mining eyes further positive exploration results across the Rockford Project in 2019
The positive results from the December 2018 quarter have set the scene for a pipeline of programs across the project.
Company
ASX:LEG
Legend Mining Ltd (ASX:LEG) is an exploration company with a mission to make value-adding mineral discoveries and utilise all available asset bases to maximise shareholder benefit. The company’s exploration focus is on its nickel-copper Rockford Project in the Fraser Range, Western Australia, with its joint venture partners and major shareholders Creasy Group and IGO Limited.
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The positive results from the December 2018 quarter have set the scene for a pipeline of programs across the project.
The project is located within the renowned Fraser Range region.
The two targets are a nickel anomaly and a copper-zinc-silver anomaly.
The company is exploring for nickel-copper sulphide deposits within the project.
Follow-up exploration will be conducted at the Shackleton prospect.
The company is seeking to emulate Independence Group’s successes at Nova-Bollinger and Andromeda.
The company is targeting a Nova-Bollinger style nickel-copper sulphide deposit.
Aircore drilling and electromagnetic surveys are planned to commence in September.
The company had $7.5 million in cash and liquids as at June 30, 2018.
The projects share a Fraser Range address, geology and links with mining ‘legend’ Mark Creasy.
A 150-hole, 10,000-metre aircore drilling program is underway targeting conductors at Areas J, Q and U.
Seats are filling fast for the next luncheon series in Sydney and Melbourne.
Aircore drilling results provide comparisons with the nearby Nova-Bollinger deposit, prompting share movement.
New assays support a third intrusive body at Area D of the Rockford project in the Fraser Range of Western Australia.
Shares in the company hit a fresh 12-month high intra-day.
Legend Mining's shares are currently in pre-open pending the news.
New assays and petrology have further confirmed a second mineralised intrusive body.
The company is looking for a Nova-Bollinger style nickel-copper sulphide deposit.
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.”