Legend Mining Ltd (ASX:LEG) has encountered several similarities to a Nova-Bollinger style system in its first diamond drill program at its Rockford Project in the Fraser Range of Western Australia.
This speaks volumes for the prospectivity of the entire area.
In total two diamond holes have been completed at Area D of the project, which were targeting three conductors.
Mark Wilson, managing director, commented:
"It is particularly satisfying that our strategic approach of using the aeromagnetic and gravity datasets to identify potential intrusive bodies, followed up with ground EM and drilling, has produced this result."
Rockford covers 2,939 square kilometres and comprises eight contiguous granted exploration licences, with a large portion of the project subject of a joint venture between Legend (70%) and the Creasy Group (30%).
Legend is the operator and manager of the joint venture.
The primary target is Nova style nickel-copper mineralisation hosted in high grade mafic granulites within the Fraser Complex.
A secondary target is Tropicana style structurally controlled gold mineralisation.
The project is 120 kilometres north-east of Nova, and 100 kilometres south of Tropicana.
- Select drill core intervals for assay/geochemical analysis;
- Select drill core samples for petrological analysis; and
- Comprehensive review of all exploration results, including inversion modelling of the prospect, incorporating drilling, EM, detailed gravity (100m x 100m) and aeromagnetic data.
Assays from the two hole drilling program will now be highly anticipated.
Legend is the envy of many explorers, considering its cash (and liquids) position of circa $8.7 million, plus $3 million at 4% in December 2016.
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