Multiple Massive Sulphide Intersections at Mawson
Legend Mining Limited’s (ASX: LEG) share price has rocketed 79% in early trade after its first hole at the Mawson prospect within the Rockford Project at Fraser Range in WA hit five intervals of significant nickel-copper sulphide mineralisation totalling 41.5m.
The first drillhole in this year’s Mawson programme was designed to test the offhole conductor identified by downhole electromagnetic survey in the initial ‘discovery’ diamond drillhole RKDD007 reported in December 2019.
Legend Managing Director, Mark Wilson, said the visual and geological observations from this hole demonstrate the presence of materially significant mineralisation at Mawson.
Legend’s 2020 field season has had a spectacular start. The three massive sulphide intercepts clearly stamp this hole as the most significant and exciting discovery in the Fraser Range post Nova. It has been a true team effort, hats off to all concerned!
“A downhole EM survey and structural analysis of the core are now being undertaken. The results of these next steps will enable us to design the drill programme to further delineate this mineralisation.
“Samples for assay will be sent to the laboratory following the completion of the structural analysis and results are expected 2-3 weeks thereafter.
“Meanwhile the diamond rig has relocated to drill the next hole under the discovery aircore hole RKAC151. We look forward to updating the market as new results come to hand,” Mr Wilson said.
Diamond drillhole RKDD008 was designed to test a strong 6,000-8,000S offhole conductor identified by downhole electromagnetic (DHTEM) surveying in RKDD007.
This offhole feature was interpreted to represent the down plunge extension of significant nickel-copper sulphide mineralisation previously identified in RKDD007 (14.9m @ 1.07% Ni, 0.75% Cu, 0.06% Co from 114m).