Legacy Iron Ore Limited (ASX:LCY) has received excellent gold assays from the latest round of RC drilling carried out at the Mt Celia Project in Western Australia in June 2021.
The company conducted a reverse circulation (RC) infill drilling programme in June 2021. The programme comprises of 33 inclined RC drill holes for 2,640 m across the Kangaroo Bore and Blue Peter deposit.
Drilling was designed to increase the confidence of mineralisation to support resource upgrade and also to test the strike and depth extension of the Kangaroo Bore and Blue Peter prospects. The programme was also testing the IP anomalies in the Blue Peter prospect.
A total of 20 holes returned mineralisation, providing increased confidence in the known mineralisation and establishing strike and depth extensions. The results demonstrate continuity of mineralisation and highlights additional mineralisation beyond the modelled ore body, particularly in the northern part of Kangaroo Bore where earlier drilling was sparse.
Chief Executive Officer, Rakesh Gupta, said the drilling results provide increased confidence in delineating additional resources, ultimately leading to resource estimate revision and redesigned optimised pit work to support the economics of the Mt Celia project.
The most exciting result of the programme received from drill testing of geophysical targets. These geophysical targets were delineated on the basis of Induced Polarisation (IP) survey completed in June 2021. In this drilling programme four targets at Blue Peter prospect drilled each by a single hole.
The company said it is pleased to get mineralisation over three targets, particularly two holes BKR116 and BKR 118 drilled over the subtle IP anomaly between Coronation and Blue Peter South pits of Blue Peter prospect. These intercepts indicate the possibility of continuation of mineralisation.
An initial review shows that these results largely support the existing interpretation for the deposit as well as confirm the extension of mineralization along strike and dip at certain places. Most pleasing is that drilling opened the possibility of joining mineralisation between the Blue Peter South pit and the Coronation pit. One of the holes drilled over the geophysical anomaly at Coronation also resulted in intersection and giving chances to extend mineralisation further.
The Mt Celia Project lies within the Laverton Tectonic Zone, some 40km south of the Sunrise Dam gold mine (approximately eight Moz gold resource).
The project contains several known gold occurrences including Kangaroo Bore and Blue Peter deposits.
