Legacy Minerals Ltd (ASX:LGM) has kicked off a large-scale soil sampling campaign across low-sulphidation targets at Bauloora epithermal project in the prolific Lachlan Fold Belt of New South Wales.
The objective of the program is to identify further high-grade gold-silver zones and build on the success of the maiden drill campaign which returned individual assays up to 422 g/t silver, 8.9 g/t gold and 29.3% lead+zinc.
First-pass rock sampling is also underway with gold/electrum identified along strike at the Mee Mar Prospect extending the strike extent of continuous veins.
Follow-up rock chip sampling has also identified several new areas exhibiting epithermal veining coincident with observed elevated resistivity trends in a GAIP survey.
This program will take about four weeks to complete with immediate testing using a handheld pXRF for initial interpretation with the soils then sent for lab analysis with all results expected within 10 weeks.
“Bonanza historical production”
Legacy minerals managing director Christopher Byrne said: “The Bauloora epithermal zone, an 8-square-kilometre footprint contained within a much larger area of hydrothermal alteration and mineralisation, has had limited systematic exploration from past explorers.
“This large soil program is a critical step in building a comprehensive picture of the widespread extent of the mineralisation.
“It is incredible that to date, considering the high-grade drill intercepts, bonanza historical production and widespread epithermal veins that there is so limited historical sampling across the broader project area."
Soil program
Soil geochemistry surveys have been a proven exploration method used to identify areas of interest across epithermal projects globally.
The company will take about 2,500 samples across the northern portion of the 10 square kilometres anomalous gold zone.
Subsequently, these samples will undergo multi-element analysis including gold, silver and base metals.
Byrne adds: “We will be using the results of the program to map the scale and extent of the system and to constrain drill targets within the project area.
“The company is fully funded to drill test resulting targets and we look forward to keeping our shareholders updated on the results.”