Legacy Minerals Ltd (ASX:LGM) has fielded high-grade gold assays from the initial results of its geochemistry campaign across the Bauloora low-sulphidation epithermal-style gold-silver project in New South Wales.
The rock chip assays show a widespread and growing footprint of gold and silver across one of NSW’s largest low-sulphidation epithermal-style gold-silver systems within the Lachlan Fold Belt (LFB).
Notably, standout gold results include 32.2g/t, 17.75g/t and 16.25g/t with silver results of 464g/t, 290g/t and 220g/t.
As part of ongoing work multiple new gold-bearing vein trends are actively being identified by the field team and expanding the previously interpreted extents of the system.
Looking ahead, Legacy is currently awaiting assays from a well-advanced, large-scale soil campaign being conducted across the northern portion of the project area covering the newly identified areas of interest as well as previously identified mineralised vein trends.
“Exceed our expectations”
Legacy Minerals managing director Christopher Byrne said: “The Bauloora Project continues to exceed our expectations with multiple rock chips greater than half an ounce and new parallel gold veining discovered within the expanded 11.25-square-kilometre gold zone.
“Infill sampling has confirmed continuous gold mineralisation, in some instances for over 2 kilometres.
“These latest results demonstrate the widespread gold bearing potential of the system and highlight multiple undrilled target areas.
“What makes Bauloora’s widespread gold and alteration footprint so significant is that when you compare this footprint with analogous slow sulphidation epithermal systems of comparable size, those similar systems almost universally host major gold deposits.”
Reconnaissance rock chip results
The Legacy field team collected 157 rock chip samples across new areas within the northern portion of the anomalous gold zone.
These rock chips were taken as part of the follow-up work to the recently completed gradient array induced polarisation (GA-IP) survey that identified numerous new areas of interest.
These are in newly identified veins highlighted in the GA-IP and parallel to previously known mineralised veining as well as infill samples to unsampled portions of known vein trends.
Importantly the assay results, in conjunction with geological observations of sinter-related geology and interpreted shallow-level vein textures, confirm high levels in the low-sulphidation system model.
Rockchip assays
About the Bauloora project
The Bauloora Project is characterised by a large area of hydrothermal alteration and mineralisation defined by stockwork/brecciation, chalcedonic and argillic alteration, and anomalous gold and silver.
It is one of the largest epithermal systems in New South Wales.
Most of the historical exploration focused on the Mt Felstead Prospect with more recent work being conducted on the Breccia-Sinter and Mee Mar Prospects.
The newly defined gold target zones have not been drilled and the company plans to finalise and test initial drill targets in the December quarter.