Legacy Iron Ore Limited (ASX:LCY) has received “outstanding” gold assays of up to 2m at 12.21g/t Au from the latest round of RC drill holes carried out at the Kangaroo Bore and Blue Peter deposit within the Mt Celia Project in Western Australia.
Drilling consisted of 29 inclined RC drill holes for 2,798 m across the Kangaroo Bore and Blue Peter deposit, and was designed to infill mineralisation at shallow depths within the known resource boundary where the spacing of drill holes were wider. In addition, depth extensions to known mineralisation were also drill tested.
A total of 27 holes out of 29 returned significant mineralisation providing increased confidence in the known mineralisation and leading to increased confidence in additional resources being established.
CEO, Rakesh Gupta, said the strength of the results demonstrates ongoing continuity of previously reported mineralisation and highlights additional mineralisation beyond the modelled ore body.
“This provides for increased confidence in delineating additional resource grades and tonnage, leading to an upgrade in resources and redesigned optimised pit work to support production at Mt Celia.”
An initial review shows that these results largely support the existing interpretation for the deposit as well as confirms down- dip continuity of the mineralisation beyond the preliminary designed pit.
The drilling result confirms significant potential to define additional mineralisation at Kangaroo Bore and Blue Peter deposit.
Mr Gupta said Legacy will now undertake metallurgical test works will commencing from the 2nd week of August to ascertain the metallurgical characteristic of the deposit and also to design flow sheet for the ore processing.
The company will also commence approximately 4,000m RC drilling to test numerous early-stage targets with potential for subparallel mineralisation within 100 m of the Kangaroo Bore resource, and an extension of Blue Peter resource along the strike.
Approximately 1,000 m of core drilling is planned in the month of September and October to support geotechnical studies in the project.
Resource modelling and pit optimisation work will be undertaken once the drilling results of the above programmes are available.