Legacy Minerals Holdings Ltd. (AU:LGM) has released an update.
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Legacy Minerals Holdings Ltd. has announced promising results from the first drill hole at the Glenlogan Project, revealing significant hydrothermal alteration and increased copper and gold levels, hinting at a potentially mineralized porphyry intrusion. This development, carried out by earn-in partner S2 Resources, offers investors a glimpse into a possible major discovery in the Lachlan Fold Belt. The partnership allows S2 Resources to earn a 70% interest by investing $6 million over five years, ensuring funding security for Legacy Minerals.
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