News Articles for Legend Mining

Legend Mining has raised $9.8 million via a share subscription agreement with Independence Group, and signed joint venture agreements with IGO and Mark Creasy's Creasy Group at Fraser Range.

Legend Mining has recorded encouraging multi-element geochemical assays from its latest infill aircore drilling of an EM anomaly at the Worsley prospect in the Fraser Range, WA. Best results included 28m @ 0.17% zinc and 1.37g/t silver from 40m down-hole, which incorporated a higher-grade section of 4m @ 0.71% zinc and 1.71g/t silver from 52m and may indicate proximity to a volcanogenic massive sulphide ore system.

Legend Mining's aircore drilling program for its Area D prospect at the Rockford project in the Fraser Range of WA has given the company encouragement that it is zeroing in on a larger mineralised system. Recent assay results from drilling at the D4 and D5 conductors turned up strongly anomalous nickel, copper and cobalt results, as the company seeks to define a high-grade sulphide system in the area.

Base metal results from Legend Mining's infill aircore drilling program at its Crean and Worsley prospects in the Fraser Range of WA have given the company encouragement that it is zeroing in on larger mineralised systems in the district. At Crean, anomalous nickel-copper assays point to a possible magmatic intrusive ore system like the revered Nova deposit, whilst Worsley shows geology and assays consistent with a VMS system.

Legend Mining has started aircore drilling over two intriguing base metal targets it located late last year at its Rockford project in the revered Fraser Range in WA. The first target at Rockford South returned results peaking at 3m @ 0.71% nickel and 0.04% cobalt from 40m down-hole. About 9.5km to the northeast, the company will target anomalous copper-zinc-silver mineralisation adjacent to an electrically conductive geophysical anomaly.

Legend Mining has identified two significant new bedrock conductors at the Shackleton prospect within its Rockford Project in the revered Fraser Range that may be prospective for VMS mineralisation. The company plans to carry out RC and diamond drilling to test the Shackleton 1 conductor and carry out further surveying over this trend in 2019.

Fraser Range explorer, Legend Mining, has unearthed two new targets from aircore drilling at its emerging Rockford project in the revered Fraser Range. The first new target defined at Rockford South returned encouraging results peaking at 3m @ 0.71% nickel and 0.04% cobalt from 40m down-hole. About 9.5km to the northeast, the company intersected anomalous copper-zinc-silver mineralisation at the Area S prospect above an electrically conductive geophysical anomaly.

Legend Mining has enhanced the prospectivity of its emerging Area D prospect in the Fraser Range region of WA, by locating 17 conductors from an innovative moving loop electromagnetic survey program at the Rockford project. The surveys were designed to test for potential accumulations of massive sulphide mineralisation associated with 4 zones of coherent and anomalous nickel-copper-cobalt assays returned from regional aircore drilling programs.

Legend Mining has reported intriguing anomalous zinc, gold and sulphur assay results from its new Shackleton discovery, located in the revered Fraser Range region of WA. The company believes the new results bear all the geochemical fingerprints of a volcanic-hosted massive sulphide style of base metal mineralisation. The find is located only 7km northeast of the Independence Group's Andromeda “VHMS” copper-zinc, gold and silver discovery, revealed earlier this year.

Legend Mining has identified a 24km zone in the southern region of its Rockford Project in Western Australia's revered Fraser Range region that sits on the same trend as the recent Independence Group Andromeda copper-zinc discovery. The company is planning to carry out a combination of aircore drilling and electromagnetic surveying in this area in September.

Legend Mining will carry out a moving loop electromagnetic survey over its intriguing Area D prospect at the Rockford nickel-cobalt-copper project in W.A's Fraser Range region to identify targets for diamond drilling in the fourth quarter. The 32km2 survey is the first recommendation of a geophysical review over Area D and is expected to take up to six weeks to complete.

ASX listed Legend Mining will pepper the southern part of its promising Rockford project in the Fraser Range with 150 aircore drill holes totalling about 10,000m. The fresh program will target a number of exciting looking electromagnetic conductors and other aeromagnetic/gravity features in the at the Project. Legend is planning to carry out further exploration at the Area D Prospect following geophysical, geological and geochemical data hits.

Legend Mining's aircore drilling program has better defined the extent of the four mineralised footprints at the Area D prospect at the company's Rockford project in W.A's coveted Fraser Range region. Legend is reviewing drilling data from the past eight months to determine its next steps and will carry out regional drilling in the project's south.

Legend Mining has extended the strike length of the third mineralised intrusive body at its Rockford project in Western Australia's Fraser Range region to more than 100m. It will start regional aircore drilling on selected targets in the southern Rockford project and carry out a full geological and geochemical assessment of Area D drilling results.

Legend Mining has unearthed a third nickel-copper mineralised intrusive of magmatic sulphides within a host rock similar to the famed Nova-Bollinger deposit, at its Rockford project in the Fraser Range. The new result of 37m @ 0.25% nickel and 0.03% copper from 78m depth, was substantiated by rock petrology identifying nickel sulphides in a highly prospective olivine rich gabbronorite rock mass.

Legend Mining has discovered a second, larger nickel-copper mineralised intrusive of magmatic sulphides within a host rock similar to the famed Nova-Bollinger deposit, at its Rockford project in the Fraser Range. The new results cover an area of 300m by 100m, with shallow anomalous drill intersections up to 36m @ 0.39% nickel, 0.23% copper and 0.04% cobalt, containing disseminated sulphide mineralisation.

Legend Mining has announced anomalous nickel-copper assays from an aircore drill program at its Rockford project in the Fraser Range of W.A. The work returned results up to 37m @ 0.34% nickel and 0.22% copper from 56m depth, extending the mineralisation at the Area D prospect to over 300 metres. The company also reported that end-of-hole drill chips contained nickel-copper sulphide minerals.

Legend Mining has reported highly anomalous nickel-copper assays from an infill aircore drilling program at its Rockford project in the Fraser Range of W.A. The intersection of 14m @ 0.37% nickel and 0.43% copper from 72m depth is the most encouraging identified to date and contained visible sulphides in the same mafic intrusive that hosts the Nova-Bollinger deposit, 120km to the southwest.

Legend Mining will follow up last month's exciting anomalous nickel and copper results from the Rockford project with an infill drilling program to pinpoint the extent of the newly discovered mineralised system. The program follows resampling and assaying that identified several narrow intervals with even higher grades than had been previously announced.

Legend Mining has taken another important step towards discovering a Nova lookalike at its Rockford project in the Fraser Range with news that last week's highly anomalous nickel, copper and cobalt results were from the same host rocks as those at the revered Nova ore body nearby. New assays also showed significant nickel and copper 1.6 kms away, suggesting Legend could be on to something decent.

Legend Mining's patient and systematic exploration for a Nova-Bollinger lookalike at its vast Rockford project in the Fraser Range has delivered its best result yet. New assays from aircore drilling at Area D returned 47 metres at 0.29% nickel, 0.12% copper and 0.03% cobalt, which compares very favourably with results at a similar stage in the Nova discovery according to company management.

SPECIAL REPORT: Financing opportunities have improved markedly from just two years ago for the state's junior miners, amid growing demand for drill rigs and skilled workers.

Legend Mining's Rockford project is gathering investor interest with the company's stock jumping by 55% in the past month. Nickel's growing recognition as a key part of the electric vehicle boom, coupled with Legend's blue chip address, just down the road from the revered Nova-Bollinger deposit, is putting legend onto the radars of investors. The company has just kicked off a 5000m drill program.

Legend Mining's drill campaign in the Fraser Range has generated a swag of new clues about the possible location of a major nickel-copper sulphide orebody, including a “very strong” new conductor just 20m below the latest drill hole. The ASX junior is leading the search for the next Nova-Bollinger style discovery and continues to generate positive signs of magmatic nickel-copper sulphides.

Legend Mining's tenacious search for the next Nova-Bollinger lookalike in the Fraser Range just got real after the company encountered multiple intercepts of sulphides in the first drill hole. The hits include mineralization that is similar to that found at Nova-Bollinger and investors will no doubt be sitting on the edge of their chairs whilst the results are being assayed.

Legend Mining shareholders have some exciting weeks ahead, with the explorer announcing plans for imminent drill tests of up to five conductors, including the monster N1 target at the Rockford project. Legend is rated by many as the best hope for a follow-up discovery to the massive Nova-Bollinger nickel-copper find in the Fraser Range.

New positive assays from Legend Mining's Rockford project have encouraged the company to drill a deep diamond drill hole within weeks to test its most promising conductor. The company has now identified a +300 metre wide zone of anomalous copper and nickel up-dip from where a strong conductor has been modeled from a depth of about 500 metres.

Legend Mining's methodical and highly technical exploration techniques at the vast Rockford project in the Fraser Range has produced an exciting target to be followed up with diamond drilling as early as next month. Shallow aircore holes have identified mafic rocks mineralised with nickel and copper above a much larger and stronger conductor than previously modeled.

Legend Mining's search for another Nova-Bollinger style deposit in the Fraser Range has entered a new stage with the start of a 50-hole aircore drilling program. The wide-spaced program will add to results from a technologically advanced round of electromagnetic surveys and help define targets for the next stage of diamond drilling.

Legend Mining's drawn-out settlement of the 2014 sale of a magnetite project in Cameroon is edging closer towards a happy ending. The project buyer, Jindal Steel and Power, has kept faith by making another interest payment this week. Legend reaffirmed that it believes Jindal is still committed to finalising a new payment arrangement for the final $3 million in the first half of the year.

Legend Mining have added more tenements to their already sizeable land holdings in the revered Fraser Range district. The acquisition of two tenements from Musgrave Minerals via a share-only deal underlines the Perth-based explorer's high confidence in a nickel-copper discovery along strike from the breakthrough Nova-Bollinger discovery by Sirius Resources in 2012.

There's nothing like the hint of a good conductor to get the base metal bulls hoofing at the dirt and Legend Mining haven't disappointed in that regard. The company announced this week they had identified a number of conductors, which followed the identification last month of the right rocks for a Nova/Bollinger style deposit at their Rockford project.

Legend Mining's systematic search for the next Nova-Bollinger deposit in the Fraser Range in W.A is looking increasingly positive with a big reconnaissance drill program yielding excellent first pass results. The company reported this week that their regional aircore drilling program had intersected favourable nickel-copper host rocks in 10 of the 64 drill holes.

Legend Mining and the Creasy Group have moved into the next phase of their hunt for a Nova-Bollinger lookalike by kicking off an 80-hole aircore drilling program at the Rockford project in the Fraser Range. The 5,000-metre drill program follows news a fortnight ago of highly encouraging assay results from two diamond drill holes at the project.

An 80-hole aircore drill program is set to begin at the Rockford project, widely regarded as one of our best hopes for another Nova-Bollinger discovery in the Fraser Range. Legend Mining and the Creasy Group have been prompted to undertake the big regional drilling program following encouraging assay results from their first two diamond drill holes.

ANALYSIS: It has been a high-profile week for extremely private explorer Mark Creasy, with two major pieces of news that appear likely to add to his already significant wealth.

Legend Mining have wasted no time getting back into the field for a series of moving loop electromagnetic survey's at their Rockford project in the Fraser Range, home to the giant Nova-Bollinger nickel deposit. They recently completed a round of exploratory drilling at Rockford which the company says has greatly assisted it to better understand the geology at the Fraser Range.

Legend Mining today partly realized a profit of $3.46m after selling Independence Gold shares it bought on market back in 2012. The sale provided a healthy kick for the Fraser Range explorer's share price and a boost to its cash reserves to $8.5 million. In total, Legend has received $5,332,162 worth of cash and script for its $1.87m investment in the then Sirius Resources.

Legend Mining has sold its stake in gold and nickel miner Independence Group for $4 million, with the local explorer netting about $2.5 million profit from the sale.

Avid market followers will no doubt look to punt Legend Mining's stock today at around .008c/.009c a share after the company announced they were commencing a 1050m drilling campaign to identify the source of three conductors at the Fraser Range. The ground is just 120km from Sirius Resources goliath Nova Bollinger nickel find and it is on a simular gravity tenor ridge.