OUTSTANDING GOLD INTERSECTIONS AT MT CELIA

Drilling at the Kangaroo Bore and Blue Peter Prospects

Legacy Iron ore Ltd (LCY) reports some high Gold grades, from their latest drilling program at Mt Celia in WA. The Company has reported that continuation of the orebody is now confirmed at Kangaroo Bore and the Blue Peter deposits within the lready the modelled orebody. The Company says that the drilling has increased the confidence for additional mineral resources at Kangaroo Bore and Blue Peter prospects. The stock is lightly traded but at time of announcement was $0.03c. I suspect this announcement may have some buyers thinking, its time.

Significant Results from Drilling:

4m @ 4.21g/t Au from 86m, 2m @ 6.40g/t Au fm 88m, 1m @ 10,1g/t Au fm 63m, 2m @ 12.21g/t Au fm 68m, 4m @ 4.55g/t Au fm 96m, 5m @ 2.97g/t Au fm 108m, 7m @ 8.58g/t Au fm 78m, 3m @ 9.75g/t fm 57m.

The Drilling consisted of 29 inclined RC holes for 2,798 metres accross Kangaroo Bore and Blue Peter Prospects and was designed to infill drill mineralisation at shallow depths and within the known resource boundary. The drill program it appears was designed to drill where the spacing of drill holes was wider. The Company reported that 27 of the 29 holes drilled returned significant mineralisation providing increased confidence in the additional resources being added.

Goldman

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