Legacy Minerals Holdings Ltd. (AU:LGM) has released an update.
Legacy Minerals Holdings Ltd. has commenced a first-phase 1,100m diamond drilling program at the Sugarbag Hill Prospect in NSW, Australia, a site that has not been drilled since 1992. The company aims to explore high-grade gold and silver targets within a large epithermal gold-silver system that is comparable to other world-class deposits. With advanced understanding in epithermal mineral systems and a higher gold price, Legacy Minerals is optimistic about the potential discovery and the prospect’s ability to become a high-margin gold mine.
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