Legacy Iron Ore Limited (ASX:LCY) has announced a 72% increase to the gold resource at its Mt Celia Project, with the total mineral resources upgraded by 93% from the previous 2020 estimate to 6,960,000 tonnes @1.38 g/t Au, for 309,200 oz.
The result includes an increase of 19% contained gold in the indicated category, and 210% in the inferred category.
Resource upgrades
Kangaroo Bore
Contained gold at Kangaroo Bore totals 231,500 oz @ 1.27 g/t Au, up 70% from the 2020 resource.
Blue Peter
Contained gold at Blue Peter totals 61,300 oz @ 2.03 g/t Au, up 19 % from 2020 resource.
Margot Find – maiden inferred resource
The results include the maiden inferred resource for the Margot Find prospect, with 353,000 tonnes @ 1.44g/t Au for 16,300 ounces.
South Laverton tenements
LCY’s main focus is the South Laverton region, where the company controls 460 km² of prospective ground. The Keith Kilkenny Tectonic Zone and the southern half of the Laverton Tectonic Zone run through the South Laverton project area.
These structures are home to a number of important gold mines, particularly the LTZ, which includes gold resources of ~20 million oz. Drilling has identified numerous JORC-compliant gold resources totalling 121,454 oz on Legacy tenements at the Mt Celia, Yilgangi, and Yerilla projects.
