New Survey defines Large and Untested Gold-Silver Target

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Stock Legacy Minerals Holdings Ltd (LGM.ASX)
Release Time 11 Aug 2026, 8:18 a.m.
Price Sensitive Yes
 Legacy Minerals Identifies Large Untested Gold-Silver Targets
Key Points
  • Ground IP surveys identify multiple large, untested chargeability targets.
  • Strongest anomalies exceed 30 mV/V and remain open along strike.
  • Several targets are 'blind' and have not been tested by previous drilling.
  • Drilling is underway to test these newly identified zones.
  • Targets are located alongside known gold-silver mineralization.
Full Summary

Legacy Minerals Holdings Ltd. announced the results of ground-based induced polarisation (IP) geophysical surveys at the Mascotte Prospect in the Mt Carrington Project. The surveys identified multiple large, untested chargeability targets with the strongest anomalies exceeding 30 mV/V. These targets are continuous between survey lines and remain open along strike. Several targets are 'blind', meaning they do not reach the surface and have not been tested by previous drilling. Drilling is currently underway to test these newly identified zones. The chargeability targets are located alongside known gold-silver mineralization, indicating potential for significant discoveries.

Outlook

The company is optimistic about the potential of these new targets to yield significant gold and silver mineralization, contributing to future resource growth.