Legacy Iron Ore (ASX:LCY) announces encouraging gold intersections at Mt Celia drilling

Legacy Iron Ore Limited (ASX:LCY) has reported encouraging gold intersections from the recent resource definition drilling program at the Mt Celia Operation. The drilling, conducted between May 2024 and August 2024, involved 17,305 meters from 355 holes, with a focus on testing the continuity of previously identified mineralization within Blue Peter and Kangaroo Bore ore deposits. A total of 135 out of 355 holes drilled intersected mineralization greater than 5.0 gram meters, with the most significant mineralized intersections including MCRC147, MCRC219, MCRC304, MCRC311, and MCRC402. The drilling results will be reviewed to identify high-potential targets for the next stage of drill targeting to define the continuity of mineralization.

Executive Commentary

Legacy Iron Ore Limited is pleased to announce the encouraging gold intersections reported from the recent resource definition drilling program at the Mt Celia Operation. The drilling program, which focused on extending the continuity of gold mineralization along strike and down dip from the Blue Peter and Kangaroo Bore mines, has yielded promising results. The high-grade gold mineralization intersected in several holes, including MCRC147, MCRC219, MCRC304, MCRC311, and MCRC402, demonstrates the potential for significant mineral resources at Mt Celia. These results will be instrumental in updating our geology and mineralization interpretations for Life of Mine planning and future exploration campaigns.

Summary

Legacy Iron Ore Limited (ASX:LCY) has announced encouraging gold intersections from the recent resource definition drilling program at the Mt Celia Operation. The drilling program, aimed at testing the continuity of previously identified mineralization within Blue Peter and Kangaroo Bore ore deposits, has resulted in the intersection of high-grade gold mineralization in several holes. The Company plans to review the drilling results to identify high-potential targets for the next stage of drill targeting to define the continuity of mineralization. The Mt Celia deposits form part of Legacy Iron's South Laverton Project, which holds multiple prospective tenements along the Keith Kilkenny Tectonic Zone and the southern part of the Laverton Tectonic Zone. The encouraging results from the drilling program position Legacy Iron well for future exploration and development activities in the region.