New Silver-Gold & Copper Drill Program to Commence

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Stock Legacy Minerals Holdings Ltd (LGM.ASX)
Release Time 13 May 2026, 8:56 a.m.
Price Sensitive Yes
 New Silver-Gold & Copper Drill Program to Commence
Key Points
  • Approvals received for 8,000m of drilling at Emu and Mascotte Prospects
  • Targeting new discoveries and resource growth potential
  • Assays pending from initial Mascotte drilling, with high-grade gold and silver results
Full Summary

Legacy Minerals Holdings Limited (ASX: LGM) has received two further NSW Government drilling approvals across its flagship Mt Carrington Project in NSW. The Mascotte Phase 2 program will involve up to eight diamond drillholes for a total of 4,000m, targeting structural and geochemical extensions from previous high-grade intercepts of up to 40m at 1.0g/t Au and 18.3m at 237g/t Ag. The Emu Prospect will also be drilled with eight diamond drillholes for 4,000m, designed to be the first modern drill test of the Emu Porphyry Core and Emu Alteration Halo SE Targets, which have been identified as discrete porphyry-epithermal targets within the Mt Carrington caldera. The Mt Carrington Mineral Resource of 1.2Moz AuEq (115Moz AgEq) has significant potential for expansion through these new discoveries. Assays are pending from the initial Mascotte drilling, which uncovered a new discovery with significant gold and silver grades of up to 5.6g/t Au and 72g/t Ag. The company is also working to optimize the Mt Carrington Scoping Study, indicating a significant opportunity.

Outlook

The drilling program at Mascotte and Emu Prospects aims to expand the existing 1.2Moz AuEq resource through new discoveries. The company is also working to optimize the Mt Carrington Scoping Study, indicating a significant opportunity.