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Legend Mining Limited ( (AU:LEG) ) has issued an update.
Legend Mining has advanced its Pinnacle Well Project, reporting that geophysical surveys at Pyrophyllite Hill have defined a 600m-long chargeable-resistive feature aligned with known alteration and geochemical anomalies. The target extends from about 75m to 400m depth and is interpreted by the company as a quality gold prospect warranting further on-ground assessment.
The explorer is now moving to ground validation and preparing for drilling to test this newly defined structure within the broader Leonora district. The update underscores the potential for a significant discovery in a region already known for multi-million-ounce gold deposits, which, if successful, could enhance Legend’s exploration portfolio and its positioning in the Western Australian gold sector.
The most recent analyst rating on (AU:LEG) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Legend Mining Limited stock, see the AU:LEG Stock Forecast page.
More about Legend Mining Limited
Legend Mining Limited is a mineral exploration company focused on gold and base metals projects in Western Australia. The company holds four exploration licences covering 128 square kilometres at the Pinnacle Well Project, located 25km north-northeast of Leonora, within a well-mineralised district hosting large gold and polymetallic deposits such as Gwalia, King of the Hills and Bentley/Jaguar.
Average Trading Volume: 930,141
Technical Sentiment Signal: Sell
Current Market Cap: A$26.23M
For an in-depth examination of LEG stock, go to TipRanks’ Overview page.