Tuesday, Jan 07, 2014 Legend Gold Corp. (the "Company" or "Legend Gold") (TSX VENTURE:LGN) is pleased to announce the commencement of drilling for the season.
Legend Gold has contracted for a minimum of 5,000 m of reverse circulation (RC) drilling and 10,000 m of air core (AC) drilling for the Diba and Lankafla projects in western Mali and the Mougnina project in southern Mali.
In western Mali, Legend Gold plans to explore for extensions to the Diba-Badiazila resource which contains 234,000 oz at 1.67 g/t gold of indicated and 26,700 oz of inferred mineralization at 1.9 g/t at 0.8 g/t gold cutoff (AMEC's NI 43-101 compliant Technical Report, August 2013). There remain a number of gaps in the AMEC resource which can be in-filled by a number of shallow RC holes to bring the oxide resource from the indicated and inferred categories to measured and indicated. The oxide resource evaluated to date extends to about 50 m below the surface. A minimum of 3,000 m of RC drilling will be used to infill gaps in the existing resource as well as testing the immediate on-strike extensions of the Diba deposit. Analysis of previous results derived from drilling completed by Etruscan Resources in 2009 suggests that additional resources remain to be discovered on-strike from the known mineralization, along a 2 km long soil auger geochemistry anomaly to the northwest. Several lines of RC and core holes drilled by Etruscan Resources about 1.5 km to the NNW of Diba yielded multiple mineralized intervals which warrant follow up drilling.
Preliminary results of a ground gravity survey on the Lankalfa project area suggest that areas that have been drilled previously warrant additional exploration. New and upgraded targets revealed by the final interpretation of the gravity survey will also be included in the 2,000 m of RC drilling planned for Lankafla.
In southern Mali, exploration by Legend Gold on the Mougnina exploration license, some twenty kilometers north of the Syama mine, has mapped a series of ancient artisanal workings which are coincident with soil auger gold anomalies. The ancient workings appear to be on splays off the same fault system that controls mineralization at the Syama mine. At least 5,000 m of AC drilling are planned to test the soil auger gold anomalies and artisanal workings.
The drill program is expected to commence in early February 2014.
Douglas Perkins, President and Chief Executive Officer of Legend Gold stated, "The data review and project ranking that took place over the past three months is now complete and the technical team has chosen their priorities for the current drilling season. Given the current state of the exploration business, Legend Gold was able to obtain some very competitive quotes for meters. We look forward to announcing the results as soon as they are available."
Qualified Person
Dr. Demetrius Pohl, Ph.D., AIPG Certified Geologist, a qualified person under NI 43-101 standards, is responsible for ensuring that the information contained in this news release is an accurate summary of the original reports and data provided to or developed by Legend Gold Corporation.
