Legacy Minerals (ASX:LGM) reports recent petrography confirming the presence of siliceous sinter supports its interpretation that a ‘large’ epithermal gold system lies under the Bauloora Project.
The company says petrographic analysis of the mineral content and the textural relationships within rocks supports the geological mapping of widespread sinter related lithology over the 27km-square low sulphidation epithermal vein field.
The presence of widespread sinter over 5.6km supports Legacy’s interpretation that the footprint of a large epithermal gold system is preserved at depth at the project, and previous geochemistry samples from the Breccia Sinter Prospect has returned some of the highest gold results at Bauloora.
Legacy Minerals Managing Director Christopher Byrne said following from the company’s successful use of satellite hyperspectral data at Bauloora and its drive to unpack the scale and potential of this system, the company is extremely pleased with the outcome of the petrographic examination.
“This is the first time petrography has been done on these prospects and the results, along with the high-grade gold found in previous rock chip sampling, have strongly reinforced our belief that we are sitting on a large, preserved epithermal gold system.
“This sinter preservation is a key part in the potential size of the Bauloora Project with similar sinter geology seen at many world class epithermal gold deposits”
This sinter preservation is a key part in the potential size of the Bauloora Project with similar sinter geology seen at many world class epithermal gold deposits.
As evidenced by the board epithermal mineralogy and mapped vein scale, the epithermal system is extensive. For Legacy, our next steps are to incorporate this new information into our geological understanding with a view to refining priorities across our high conviction drill targets.”
The Bauloora Project is located in the Central Lachlan Fold Belt in New South Wales, and contains structural remnants of Early Silurian dominantly dacitic volcanic rocks and related granites, Siluro-Devonian sediments and felsic volcanic rocks deposited on a basement of Late Ordovician turbidites, Late Ordovician to Early Silurian intermediate volcanic rocks and related intrusions and sedimentary rocks.
Legacy Minerals is a gold, copper and base metal explorer operating in the Lachlan Fold Belt of New South Wales, and its projects include the Cobar Gold-Copper Project, the Bauloora Gold-Silver Project, the Rockley Copper-Gold Project, the Harden Gold Project, The Fontenoy Gold-Copper Project and the Mulholland Tin-Nickel-Copper Project.
Images: Legacy Minerals Holdings Ltd
