Legend Mining Limited (ASX:LEG) - New Targets At Gum Creek - Mr Mark Wilson, MD
Perth, Feb 11, 2008 (ABN Newswire) - Legend Mining Limited (ASX: LEG) today announced the results from recently completed ground EM surveys and Reverse Circulation (RC) drilling over its Gum Creek Project in Western Australia.
Legend Managing Director Mark Wilson said, "The strong EM conductors identified at Thangoo have provided immediate drill targets and an aircore rig is due on site in March to progress the next phase of exploration".
Audio webcast Link:
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"The recent drilling at the Python prospect has provided encouragement for us to continue evaluating the Ni-Cu-PGE mineralisation, as well as looking at other positions along the margin of the Bungarra Intrusive Complex".
"We have booked an IP survey for Python and a VTEM survey over the entire intrusive complex, which allows us to test the 18km of the complex margin in one hit. This geophysical method has proved to be highly successful in identifying quality targets over our Pilbara Project and we are looking for a similar result here".
Technical Summary
The Gum Creek Project is divided into three areas, Bungarra, Thangoo and Woodley, which are considered prospective for both intrusion-related (Ni-Cu-PGE) and komatiite flow-related (Ni) sulphide mineralisation. A discussion of recently completed exploration results from the Bungarra and Thangoo areas is provided below.
THANGOO
During September 2007, a total of 89 aircore holes for 5,694m were completed at Thangoo targeting ultramafic units identified previously by ground reconnaissance and/or interpreted from aeromagnetic data. The drilling intersected ultramafic rocks with classic spinifex and olivine cumulate textures on several traverses and together with high MgO values (>18%) confirmed the ultramafics as komatiites. The drilling intersected broad zones of elevated nickel, the details of which were announced on 30 October 2007.
About LEGEND MINING LIMITED
Legend Mining Limited ("Legend") is an Australian mining and exploration company listed on the Australian Stock Exchange. Legend's mission is to make high-impact mineral discoveries and to maximise shareholder benefit from those discoveries. The company is focused on creating shareholder value through the discovery of base metal and precious metal deposits at its three main project areas in Western Australia.
