Legacy Minerals reports compelling drilling results at Bauloora Project

Legacy Minerals Holdings Limited (ASX:LGM) has announced compelling gold and silver drilling results at the Bauloora Project in the Lachlan Fold Belt, NSW. The drilling revealed high-grade and shallow assays up to 468g/t Ag, 3.8g/t Au, and 22.8% Zn+Pb, with multiple vein trends highlighted for future follow-up drill testing. The drilling was funded under the Phase 1 Earn-In of the $15M Bauloora Joint Venture with Newmont, and upcoming drilling is planned in Q4 2024 to continue reconnaissance step out drill holes.

Legacy Minerals CEO & Managing Director Christopher Byrne's commentary

The latest results have delivered shallow and high-grade hits up to 468g/t Ag, 22% Zn+Pb, and 3.8g/t Au from wide-spaced reconnaissance drill testing. This is encouraging as we're confirming multiple vein trends with strong mineralization that until now had never before been drill tested. An exciting takeaway is the success rate of intercepting mineralization on the Bauloora Project. Out of four previously undrilled prospects, three have returned promising results. We have another drilling campaign planned at Bauloora for later this year, and we look forward to providing further updates on the Project over the coming months.

Summary of Legacy Minerals' Bauloora Project update

Legacy Minerals (ASX:LGM) has reported compelling gold and silver drilling results at the Bauloora Project, with high-grade and shallow assays up to 468g/t Ag, 3.8g/t Au, and 22.8% Zn+Pb. The drilling confirmed multiple vein trends with strong mineralization, highlighting the potential of the large anomalous areas that remain undrilled and the potential of the Bauloora system that remains open in all directions. The success rate of intercepting mineralization on the Bauloora Project is notable, with three out of four previously undrilled prospects returning promising results. With another drilling campaign planned later this year, Legacy Minerals aims to continue exploring and providing further updates on the Project in the coming months.