Broad Zone Intersection Of Gold Mineralization In Early Drilling At Baner Property

CALGARY – Legacy Gold Mines Ltd. reported initial results for two (2) Reverse Circulation (RC) drill holes targeting the Main Zone on the Baner property, in Idaho County, Idaho. The first two holes returned multiple gold intersections from the east-west Baner vein system in the southern portion of the north-south Orogrande shear structure.
“These intersections are along one of the three mineralized systems on the Baner Property. A textbook shear system is interpreted to be present, similar to many deposits worldwide,” said Mike Sutton, VP Exploration. “There are three main orientations to zones; steep north-south along the main structures; flat dipping east-dipping Riedel Shear related mineralization (like the Main Zone); and east-west veins (like the Baner vein system). The big low-grade halo from these first two holes opens up the Baner Gold Mine Property and its opportunity.”
Drill hole LG25-002 encountered a broad zone of mineralization, 0.46 g/t Au, over 108.2 m or 355 ft, which included various non-sampled gaps totaling 19.8 m (65 ft) that were given zero grade. The first set of results are encouraging, and the low-grade halo width is better than expected. Combined with the soil anomalies, historical drilling and adits in this area, this suggests a 1,000 m east-west by 1,800 m north-south target area (3,281 ft by 5,906 ft). Follow-up drilling will be necessary to determine the orientation of the mineralization.
“It’s commercially exciting to be drilling for gold in historic mining districts when the in-situ value hovers around US$130 per gram at current gold prices.,” said Brian Hinchliffe, CEO. “The drilling results in these first holes are the widest recorded gold zones in the history of drilling on the Baner Property.”