Legacy Iron Ore's drilling success

Legacy Iron Ore (ASX:LCY) has announced successful drilling results at its Mt Celia Gold Operation. The company reported high-grade gold mineralization at the Blue Peter 2 pit, with all eight holes drilled showing significant mineralization. This discovery suggests potential for further exploration and resource expansion northward.

Legacy Iron Ore's strategic outlook

Legacy Iron Ore's recent announcement of positive drilling results at the Mt Celia Gold Operation highlights the potential for expanding its gold resources. The successful drilling program at Blue Peter 2 pit, with high-grade intersections such as 4 meters at 15.6 g/t Au, suggests promising prospects for further exploration. The company plans to review these results to identify high-potential targets for future drilling, aligning with its strategy to enhance shareholder value through the development of profitable mining assets.

Executive insights on drilling results

The recent drilling results at the Blue Peter 2 pit are highly encouraging. All holes intersected gold mineralization greater than 3.0 gram meters Au, highlighting the potential for resource extension. We are excited about the possibility of further exploration northwards and remain committed to advancing our Mt Celia Gold Operation.