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Legacy Minerals Holdings Limited (ASX: LGM) (Legacy Minerals or “the Company) is pleased to announce the results of the recently completed audio-magnetotelluric survey over completed on the Bauloora Project located in New South Wales (NSW), Australia.
Highlights
Compelling audio-frequency magnetotelluric (AMT) results returned from the initial survey phase at the Breccia Sinter Prospect at Bauloora:
- A strongly resistive anomaly (~9,000 ohm*m) has been identified.
- The anomalous feature is depth extensive (>1,000m) and comes to within 300m of the surface.
- The anomaly is 500m x 500m and sits directly beneath mapped outcropping sinter.
The strongly resistive body supports the interpretation of a feeder structure at depth and the potential boiling zone which may host significant gold and silver mineralisation.
Sinter and high-grade gold on surface up to 32.2g/t Au above anomaly
- The AMT anomaly coincides with pathfinder elements associated with low-sulphidation systems.
- It is interpreted to be down dip of the recently announced 500m x 250m >20ppb Au soil anomaly where rock chips have graded up to 32.2g/t Au and 290g/t Agi, (see Endnotes Page 8).
- It shows indications of being structurally controlled by NS and NW-SE orientations, which reflects mapped vein orientations, and trends identified in ground magnetics and gradient array induced polarisation geophysical surveys.
Next Steps – Drilling this quarter
This high priority target will be drill tested immediately with a drill program planned for Q3 2023.
Figure 1: 3D Model Cross section showing resistive anomaly at the Breccia Sinter Prospect, drill intercept results, and highlight rock chip and (looking north).Management comment - Legacy Minerals CEO & Managing Director, Christopher Byrne said:
“We are extremely pleased to report the positive initial results from the AMT survey conducted at Bauloora. The geophysical results highlight a large, undrilled, ‘bulls-eye’ resistivity anomaly at the Breccia Sinter Prospect.
AMT is a well-regarded survey technique used to identify zones of intense silicification and resistivity, and it has proved successful in guiding companies towards discoveries.
The AMT anomaly is compelling for a number of reasons. It sits 300m beneath a mapped sinter terrace which, according to Buchannans Model, is where you would expect the boiling zone and high-grade gold and silver mineralisation to increase. The anomaly is also adjacent to a gold soil anomaly and is below high-grade gold bearing low-sulphidation veins grading up to 32.2g/t Au and 290g/t Ag.
This is a textbook example of what we hope to see in a low-sulphidation target, and we’re excited to be drilling it imminently. “
Audio-frequency Magnetotelluric Geophysical Survey
The Company has completed Phase 1 of a large-scale, 80 line-km AMT survey over the Bauloora Vein Field. Geophysical contractors Quantec Geoscience and AGS were engaged to complete this work. The total survey area including Phase 2 will cover approximately 10km2 with approximately 200m spaced lines and infill to 100m spaced lines at the Breccia Sinter Prospect. The objective of the survey was to identify and target large, potentially deeper and strike extensive resistivity anomalies that may represent zones of silicification associated with epithermal veining. The survey provided very high- quality datasets to approximately 1,000m depth.
Magnetotelluric surveys such as AMT are a proven technique that has globally delivered success in the delineation of subsurface zones of silicification, even beneath areas of high-level silica and steam- heated clay alteration, which can be expected in the upper portions of a completely preserved epithermal system such as that interpreted at Bauloora.
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This article includes content from Legacy Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Earthwise Minerals Completes Phase 1 Field Program at Iron Range Gold Project, BC
The 2025 field program advanced geochemical and mapping work across multiple targets at Iron Range:
- Sampling: A total of 538 soil samples were collected along 13.5 line-km, together with 15 rock samples.
- Soil Coverage: Tight-spaced grids were completed within known geochemical anomalies and extended into new areas, including fault splays and gold-in-till anomalies identified by Eagle Plains.
- Mapping & Prospecting: Geological mapping and prospecting were carried out at the Pyromorphite Zone and DIP Zone, with additional sampling at Golden Cap and Star West.
- Next Steps: All samples have been submitted for analysis, with results to be disclosed once received, compiled, and interpreted.
EXPLORATION ZONES - 2025
Pyromorphite Zone (BC MinFile 082FSE141): Mineralization was first discovered in 2009 when logging road construction exposed sheared and brecciated sediments hosting cm-scale quartz veins bearing pyromorphite (lead) mineralization. No significant work has been carried out at the zone since its initial discovery by the previous tenure holder. Historic rock (grab) samples include SK10-207, which reported 27.0 g/t Au, 173.0 g/t Ag, and 13.4% Pb, and MK10-170, which reported 54.7 g/t Au, 42.2 g/t Ag, and 2.8% Pb (BC Assessment Report 31659).
Golden Cap (BC MinFile 082FSE014): Tight-spaced soil sampling in 2025 was designed to test cross-fault intersections along the main Iron Range Fault Zone. Historical soil sampling by Eagle Plains at this area returned values up to 230 ppb Au.
DIP Zone (Dakota - BC MinFile 082FSE023; Idaho - BC MinFile 082FSE024; Pacific - BC MinFile 082FSE025): Soil sampling in 2025 was conducted over an area with a historical multi-element soil geochemical anomaly that had not previously been analyzed for gold.
Star West (BC MinFile 082FSE089): Soil sampling in 2025 was conducted over an area with a historical multi-element soil geochemical anomaly that had not previously been analyzed for gold.
HISTORIC DRILLING & PROJECT OVERVIEW
Drilling at Iron Range in 2010 resulted in the discovery of the Talon Zone, where drill-hole IR10-010 intersected 2 intervals of strong and continuous mineralization including 14.0m grading 5.1g/t gold, 1.86% lead, 2.1% Zinc, 75.3g/t silver and 7.1m grading 8.13g/t gold, 2.84% lead, 3.07% zinc, 86.6g/t silver (Eagle Plains news release December 21st, 2010). Previous drilling 10km north of the Talon Zone in 2008 by Eagle Plains intersected gold mineralization in drill-hole IR08006 which assayed 7.0m grading 51.52g/t (1.50 oz/ton) gold (Eagle Plains news release dated April 20th, 2009).
All of the exploration data collected by Eagle Plains since 2001, as well as all of the available historic data, has been integrated into a GIS database, which is used to prioritize areas for ground follow up. Drill targeting at the Talon Zone discovery in 2010 was based on the presence of an extensive multi-element soil geochemical anomaly associated with a structural splay from the regional Iron Range Fault System. Drill hole locations and depths were successfully refined using Induced Polarization (IP) geophysics.
The 21,437ha Iron Range Project is considered by management of both Eagle Plains and Earthwise to hold excellent potential for the presence of structurally controlled gold-silver mineralization, iron-oxide copper-gold ("IOCG") and Sullivan-style lead-zinc-silver sedimentary-exhalative ("sedex") mineralization. The property is owned 100% by Eagle Plains, with a portion of the property subject to an underlying 1.0% Net Smelter Royalty held by a third party.
IRON RANGE GOLD PROJECT SUMMARY
The Iron Range Project, located near Creston, B.C., is owned 100% by Eagle Plains Resources Ltd., subject to a 1% NSR on a portion of the claim group. A well-developed transportation and power corridor crosses the southern part of the property, including a high-pressure gas pipeline and a high-voltage hydro-electric line, both following the CPR mainline and Highway 3. The rail line provides efficient access to Teck's smelter in Trail, B.C. The project is fully permitted under a Multi-Year Area Based (MYAB) permit issued by the B.C. Ministry of Mining and Critical Minerals. The permit allows for geophysical surveys, mechanical trenching, access trail construction, and diamond drilling.
The property covers an area of approximately 10 km x 32 km, overlying the regional Iron Range Fault System (IRFS). Prior to Eagle Plains' acquisition in 2001, the ground had seen little systematic exploration aside from iron resources documented since the late 1800s. Since 2001, Eagle Plains and its partners have completed:
- 21,593 m of diamond drilling in 87 holes
- 2,482 line-km of airborne and surface geophysical surveys
- 10,053 soil geochemical samples
- 495 rock samples
- 6,955 drill core samples
Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. Some of the above results were taken directly from MINFILE descriptions and assessment reports (ARIS) filed with the BC government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.
Qualified Person
Charles C. Downie, P.Geo., a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and an officer and director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.
About Earthwise Minerals
Earthwise Minerals Corp. (CSE: WISE; FSE: 966) is a Canadian junior exploration company focused on advancing the Iron Range Gold Project in southeastern British Columbia near Creston, B.C. The Company holds an option to earn up to an 80% interest in the fully permitted project, which is road-accessible and situated within a prolific mineralized corridor. The property covers a 10 km x 32 km area along the Iron Range Fault System and hosts multiple high-grade gold showings and large-scale geophysical and geochemical anomalies.
For more information, review the Company's filings available at www.sedarplus.ca.
EARTHWISE MINERALS CORP.,
ON BEHALF OF THE BOARD
"Mark Luchinski"
Contact Information:
Mark Luchinski
Chief Executive Officer, Director
Telephone: (604) 506-6201
Email: luch@luchccorp.com
Forward Looking Statements
This news release includes statements that constitute "forward-looking information" as defined under Canadian securities laws ("forward-looking statements") including, without limitation, statements respecting the Offering and the intended use of proceeds therefrom. Statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in its forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and actual outcomes may differ materially from those in forward-looking statements. Additional information regarding the various risks and uncertainties facing the Company are described in greater detail in the "Risk Factors" section of the Company's annual management's discussion and analysis and other continuous disclosure documents filed with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. The Company undertakes no obligation to update forward-looking information except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.
For more information, please contact Mark Luchinski, Chief Executive Officer and Director, at luch@luchccorp.com or (604) 506-6201.
Drilling Commences at Mt Hope Project
Highlights:
- Inaugural drill program comprises ~4,800m of Reverse Circulation (“RC”) and Air Core (“AC”) drilling across four priority targets.
- Drill campaign includes high-confidence infill and extensional drilling at Mt Solitary, which boasts an Exploration Target range of 1.32 to 1.87Mt of 1.0 to 1.35 g/t Au for 42.5 to 81.4 Koz (Table 1).
- The new Blue Heeler prospect, hosting coincident MLTEM conductors, is located approximately 200m west of historical drill hole GCS-1, which included a historical intercept of 31m @ 0.42% Zn, 0.26% Pb, 117 ppm Cu and 4.8 ppm Ag from 56m
- The Mt Hope East and Black Hill prospects, hosting coincident geochemical and geophysical anomalies, have never been tested by drilling.
The inaugural drilling campaign will test four priority targets for a total of ~4,800m of Reverse Circulation (RC) and Air Core (AC) drilling, including the recently added Blue Heeler target (see ASX announcement, 15 July 2025 &22 August 2025).
Mount Hope Mining Managing Director & CEO Fergus Kiley commented:
“Mount Hope Mining is excited to commence its maiden drill program at the Mt Hope Project - a significant milestone in our journey towards unlocking the potential of the southern Cobar Basin.
“Each priority prospect represents a high conviction drill target, backed by high-quality geological science, and we look forward to exploring these areas further.
“We believe these four priority areas represent a good opportunity to create shareholder value via true greenfield exploration success or by delineating valuable ounces for future development.
“We look forward to keeping shareholders updated with strong news flow throughout the remainder of Q3 and into Q4 with the results from the exploration drilling, along with the metallurgical test work for Mt Solitary, and with our other early-stage exploration programs.”
Figure 1: RC Drill rig commences drilling the Mt Solitary Program
Mt Solitary Exploration Target
Table 1: Mt Solitary Exploration Target2
The potential quantity and grade of the Exploration Target are conceptual in nature. As such, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain whether further exploration will result in a Mineral Resource. The Exploration Target has been prepared by the JORC Code 2012.
Maiden drilling campaign at the Mount Hope Project
The inaugural Mt Hope maiden drill program has commenced drilling, starting at the Mt Solitary prospect to convert the existing Gold Exploration Target (Table 1) to a JORC (2012) Mineral Resource Estimate (MRE).
The initial phase 1 RC program at Mt Solitary will consist of ~1,500m (Figure 2). The drill rig will then mobilise to test the greenfield polymetallic drill targets at Blue Heeler and Black Hill before finishing the program at Mt Hope East.
The Company has engaged ALS Laboratories in Orange, NSW, for analytical work. Samples from the maiden drilling campaign will be sent to Orange throughout the program, with sample preparation analysis to be completed at the same facility.
Click here for the full ASX Release
This article includes content from Mount Hope Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here