Exploration activities at Central Cobar Project

Legacy Minerals Holdings Limited (ASX: $LGM) has announced the identification of new drill targets at its Central Cobar Project (EL9511) in NSW. The company's exploration activities have resulted in the discovery of a previously unknown and undrilled quartz bearing gossan at the surface, along with updates on 3D geophysical modelling and ongoing work programs in the Cobar region.

Executive commentary on exploration activities

Legacy Minerals CEO & Managing Director, Christopher Byrne, expressed the company's enthusiasm for the exploration activities at the Central Cobar Project. He highlighted the discovery of new targets, including Jethro and Hillview, and the significance of ground truthing in following up priority multi-element soil geochemical anomalies and areas of interest. Byrne also mentioned the encouraging results from the recent soil and rock chip geochemical sampling programs, emphasizing the potential for Cobar-type base and precious metal mineralisation.

Summary of exploration update and outlook

Legacy Minerals' exploration update at the Central Cobar Project has revealed the discovery of a previously unknown gossan and provided insights into the 3D geophysical modelling. The company's ongoing work programs, including electrical geophysical survey planning and reconnaissance field work, demonstrate its commitment to further exploration in the region. With the identification of priority targets and encouraging geochemical and structural findings, Legacy Minerals aims to leverage the support of the NSW Government and progress the project, keeping shareholders updated on the developments. The company's focus on identifying compelling targets and planning for ground geophysical surveys and expanded geochemical surveys reflects its dedication to unlocking the exploration potential of the Central Cobar Project.