Legend Mining (ASX:LEG) has now revealed assay results from its recently completed 64 hole aircore drilling program at its Rockford Project in the Fraser Range district of Western Australia.
Rockford is held in a joint venture with the Creasy Group, run by legendary prospector Mark Creasy, and is located 120 kilometres from the Nova-Bollinger nickel-copper discovery and 100 kilometres from the Tropicana gold mine.
The primary target is a Nova style nickel-copper mineralisation.
Drilling details
Highlights include: RKAC005: 13 metres at 0.1% nickel and 0.02% copper from 48 metres to end of hole in gabbro, including 4 metres at 0.12% nickel and 0.04% copper.
Mark Wilson, managing director, commented:
"We are pleased with the assays from our first aircore program at Rockford given the broad (400 metre) spacing of the holes.
"To understand the full significance of the 13 metre intercept in hole RKAC005 an infill aircore program will be planned around that hole in the new year.
"The results continue the process of upgrading the prospectivity of the entire Rockford Project."
Four other holes returned lower tenor anomalous nickel-copper assays, while elevated gold values >0.1g/t gold (maximum 0.23g/t gold) occurred in another three holes.
Twenty bottom of hole samples will be sent for petrological analysis with results expected in the new year.
Analysis
Legend is already planning the next steps for 2017, including reverse circulation and diamond drilling, supported by aircore drilling and MLTEM surveying.
The company is well-funded with $11.2 million in cash and liquid assets at the end of September 2017.
Worth noting, Mark Wilson recently became a substantial shareholder in the company by purchasing 30 million shares on market. He now holds 5.41%.