Legacy Minerals Updates on Harden and Thomson Projects
Key points
- Drilling has commenced at the McMahons Reef Prospect in the Harden Gold Project.
- Legacy Minerals retains 100% ownership of the Thomson Project.
- Hill Tops Gold is funding the drilling program at Harden Project.
- Legacy Minerals is assessing corporate transaction opportunities for the Thomson Project.
Full summary
Legacy Minerals Holdings Ltd. has initiated drilling at the McMahons Reef Prospect within its 100%-owned Harden Gold Project in New South Wales. This drilling program is funded by Hill Tops Gold Pty Ltd under a joint venture agreement. The project aims to explore strike and depth extensions of high-grade historical gold mineralization. Meanwhile, Rio Tinto Exploration has opted not to exercise its option to enter into an Earn-In agreement for the Thomson Project, allowing Legacy Minerals to retain full ownership. The company is now reassessing the exploration strategy for the Thomson Project, focusing on its potential for intrusion-related gold mineralization.
Outlook
Legacy Minerals will continue to prioritize exploration and development at the Mt Carrington project while assessing opportunities at the Thomson Project.
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