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Legend Mining Limited ( (AU:LEG) ) has provided an update.
Legend Mining has reported new geophysical and rockchip sampling results from the Alpha North prospect at its Pinnacle Well Project, 25 kilometres north-northeast of Leonora in Western Australia. The work builds on widespread surface gold anomalism and historic workings in the area, where little modern exploration has been completed since the last drilling campaign in 2014.
Recent low-impact gradient array and pole-dipole induced polarisation surveys have outlined coincident chargeable and resistive zones over a 700-metre strike that are interpreted as shallow sulphide targets within the Alpha hornblende granodiorite. Rockchip and soil geochemistry, along with mapped auriferous quartz veining, corroborate these geophysical anomalies, and Legend is now constructing 3D subsurface models to refine drill targeting, potentially setting up the next phase of exploration drilling at Alpha North.
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 an Australian mineral exploration company focused on discovering and advancing gold and base metal deposits. The company’s Pinnacle Well Project is located near Leonora in Western Australia, where it is targeting gold mineralisation associated with quartz veining and granodiorite-hosted systems in an underexplored area.
Average Trading Volume: 1,060,795
Technical Sentiment Signal: Sell
Current Market Cap: A$32.06M
See more data about LEG stock on TipRanks’ Stock Analysis page.