Legacy Minerals intersects multiple epithermal veins at Bauloora Project

Legacy Minerals Holdings Limited (ASX: $LGM) has successfully completed 8 diamond holes for 1,437m at the Bauloora Project in New South Wales, intersecting multiple epithermal veins at never-before drill tested Prospects, including the Moonlight, Ben Hall, and Breakout Prospects. The drilling was funded under the Phase 1 Earn-In of the $15M Bauloora Joint Venture with Newmont, with drill assays expected to be received in September 2024. Further drilling on the project is proposed for Q4, 2024.

Executive commentary on Bauloora Project

The observations of widespread epithermal veins at Bauloora further highlight an exciting time for Legacy Minerals shareholders. While alteration, veins, and breccia do not directly translate to gold and silver grades, the presence of the broad down-hole width intervals of epithermal veins and cockade breccia with adularia and hematite as well as sulphide mineralization is a positive outcome. The newly discovered vein zones demonstrate the growth potential of the Project with numerous anomalous geochemical trends of the Project remaining completely untested and open in all directions. We are pleased to be able to unpack this epithermal mineral system with Newmont, our earn-in partner, and continue the good exploration work completed to date.

Summary of Legacy Minerals' Bauloora Project announcement

Legacy Minerals (ASX: $LGM) has announced the successful intersection of multiple new epithermal veins at the Bauloora Project in the Lachlan Fold Belt, NSW. The drilling, funded under the Phase 1 Earn-In of the $15M Bauloora Joint Venture with Newmont, has resulted in the discovery of multiple epithermal vein trends at never-before drill tested Prospects, including the Moonlight, Ben Hall, and Breakout Prospects. The potential of these targets is supported by gold and silver in surface rock chips and soil samples across the Primary Vein Field. The drill holes highlight the untested potential of the Bauloora Project with many high-conviction drill targets and geochemical trends remaining to be tested. Further drilling on the project is proposed for Q4, 2024, with drill assays expected to be received in September 2024. The Project, located in the Lachlan Fold Belt of New South Wales, is host to world-class copper-gold orebodies, and the Company believes the results from work to date support the assessment that there is potential for the discovery of a low-sulphidation epithermal-style gold-silver deposit at the Bauloora Project.