Legacy Minerals (ASX:LGM) has identified new chargeability and resistivity zones from reprocessed induced polarisation survey data at the White Rock prospect within the greater Mt Carrington Project in New South Wales.
The company has been approved for further drilling at the prospect, with the new zones sitting outside the current resource and yet to be drill-tested.
CEO Christopher Byrne says the current silver and gold prices, combined with approval for a further 3,500m of drilling at White Rock indicates another step forward for the project.
“Recent geophysical interpretation has highlighted a series of new targets around the known White Rock resource, which is open along strike and at depth,” Byrne says.
“White Rock already hosts a significant shallow silver resource, yet this new geophysical modelling suggests that the mineralised footprint may extend well beyond the currently defined envelope.”
Mt Carrington hosts a silver equivalent resource of 115 million ounces.
“These targets appear to coincide with, or along the contacts of, high-chargeable zones – areas that largely remain untested by drilling and represent an exceptional opportunity to expand the scale of the silver system at Mt Carrington,” Byrne adds.
Meanwhile, the company is progressing drilling at the Battery prospect and will begin drilling at the Mascotte prospect in early Q1 2026. Assays from the Battery prospect are expected in January 2026.
The project is currently undergoing a Scoping Study, conducted by Ausenco. Legacy expects to return the study in early Q1 2026.
Legacy Minerals holds a portfolio of nine projects in New South Wales covering more than 8,000km2. These projects are considered prospective for gold, silver, copper, and critical minerals.
Write to Maddison Elliott at Mining.com.au
Images: Legacy Minerals
