Legacy Minerals Ltd (ASX:LGM) is preparing to kick off its maiden diamond drilling program into the Mee Mar gold vein trend at Bauloora Project in the prolific Lachlan Fold Belt of New South Wales.
The company’s recent large-scale and systematic exploration program has identified numerous drill-ready targets at the project in the Central Lachlan Fold Belt near the town of Cootamundra.
Notably, Legacy has received approvals for 15 diamond holes, with an initial campaign of six holes planned.
A tracked diamond core drill rig and support vehicles have been secured with the program set to begin in early January.
Testing high conviction targets
Legacy managing director Christopher Byrne said: “It’s an exciting time to be preparing for our maiden diamond drilling campaign into the Mee Mar trend.
“It’s built upon excellent systematic geophysical and geochemical work completed to date by the exploration team.
“The drilling is testing numerous high-conviction targets, under high-grade gold and silver rock chips which exhibit crustiform-colloform quartz vein textures and widespread brecciation.”
Drill program
This will be the first diamond drilling program ever completed along these vein trends and will deliver important information, including:
- the controls and characteristics of gold-silver mineralisation;
- orientation measurements of structures such as veins, faults and lithological contacts; and
- petrophysical downhole survey and assay data.
The Mee Mar trend is a two-kilometre-long vein trend defined by highly anomalous gold-silver-antimony-lead soil anomalism associated with crustiform-colloform textured veins and vein breccia quartz outcrop and float trains.
Rock chip sampling here has graded up to 55.5 g/t gold, 904 g/t silver and 1,810ppm antimony.
The company also observed high levels of mercury in rock chip samples of up to 39.1 ppm mercury.
Furthermore, historic RC drilling delivered the best intersection of 3 metres at 5.8 g/t gold equivalent from 69 metres.
Forward plan
Legacy's planned diamond drill campaign will target high-conviction soil anomalies along the Mee Mar trend and beneath high-grade gold, silver and antimony-bearing crustiform-colloform banded quartz vein float and outcrop.
The recent results from broader exploration at Bauloora are also being incorporated into planned future drilling with the scope to expand the campaign to additional areas across the Bauloora Project.
Byrne adds: “Legacy Minerals will be the first company to drill test these newly identified areas of interest, with diamond drilling along strike of significant historical reverse circulation intercepts and down dip of high-grade gold rock chips on the surface.
“This is a very important step as low sulphidation epithermal style vein systems are primarily structurally controlled, so the delivery of key structure data to help determine the controls to mineralisation early sets us up to plan for optimal drilling orientations.”