Legacy Iron Ore (ASX:LCY) has completed a reverse circulation drilling program at its Patricia North tenement, part of the South Laverton Project in Western Australia.
Some 1,686m of drilling focused on the continuity and extension of gold mineralisation reported during early-stage exploration work and drilling completed in October 2023.
Legacy, which has a market capitalisation of $100.27 million, says the drilling samples will be used to update the geology and mineralisation models to help guide future exploration work.
The drill samples will be dispatched at a laboratory in Kalgoorlie for geochemical analysis, with results expected to be reported in the third quarter of 2024.
Legacy says the Patricia North tenement is important, “as it demonstrates significant exploration potential to contribute additional gold ounces to the Mount Celia Gold Project, which commenced gold mining in November 2023.”
The South Laverton Project lies within the Laverton Tectonic Zone, which includes the Mount Celia, Yerilla, Patricia North, and Sunrise Bore projects.
Legacy Iron Ore is an explorer and developer focused on iron ore, gold, base metals, nickel, lithium, and rare earths.
Write to Aaliyah Rogan at Mining.com.au
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