Legacy Iron Ore Limited (ASX: LCY) – $0.005
14 Oct 2016
Legacy Iron Ore Limited (ASX: LCY) has received assay results from reverse circulation drilling at its Mt Celia Gold Project located north of Kalgoorlie in Western Australia (Figure 1).
Figure 1. Location of the Mt Celia Gold Project
Drilling highlights include:
- 8m at 5.32g/t gold including 2m at 11.9g/t gold from 78m to 86m
- 8m at 7.22g/t gold including 2m at 20.1g/t gold from 108m to 118m
- 4m at 3.35g/t gold including 2m at 5.24g/t gold from 112m to 116m
A 1,960 metre (15 drillholes) reverse circulation drilling program was conducted with the aim of upgrading and expanding the company’s known gold resources at Mt Celia.
The drilling targeted the Blue Peter and Coronation prospects where previous drilling revealed high grade gold mineralisation.
Mt Celia contains two JORC compliant gold resources; Kangaroo Bore with an inferred resource of 46,000oz gold (1.04Mt at 1.4g/t gold using a 0.7g/t cut off) and Blue Peter with an inferred resource of 30,554oz gold (239,232t at 3.97g/t gold using a 1.0g/t cut off).
For further information, visit www.legacyiron.com.au
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