Legacy Iron Ore (ASX:LCY) has completed a
reverse circulation drilling program at its Patricia North tenement, part of
the South Laverton Project in Western Australia.
Some
1,686m of drilling focused on the continuity and extension of gold
mineralisation reported during early-stage exploration work and drilling
completed in October 2023.
Legacy,
which has a market capitalisation of $100.27 million, says the drilling samples
will be used to update the geology and mineralisation models to help guide
future exploration work.
The
drill samples will be dispatched at a laboratory in Kalgoorlie for geochemical
analysis, with results expected to be reported in the third quarter of
2024.
Legacy
says the Patricia North tenement is important, “as it demonstrates significant exploration
potential to contribute additional gold ounces to the Mount Celia Gold Project,
which commenced gold mining in November 2023.”
The
South Laverton Project lies within the Laverton Tectonic Zone, which includes
the Mount Celia, Yerilla, Patricia North, and Sunrise Bore projects.
Legacy
Iron Ore is an explorer and developer focused on iron ore, gold, base metals,
nickel, lithium, and rare earths.