Legacy Minerals

 EL8994 and EL9464
Newmont Earn-In and Joint Venture
Low Sulphidation Epithermal Au-Ag (Cu-Zn-Pb)

Bauloora

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Bauloora is a large and underexplored, low sulphidation epithermal project in the Lachlan Fold Belt, NSW, Australia. The epithermal vein field is mapped to 27km2 and open in all directions.

Across the Project, Legacy Minerals has undertaken a systematic exploration program focusing on mapping, regional targeting, and soil sampling.

In April 2023 the Legacy Minerals entered into a $15M earn-in and joint venture agreement with Newmont Corporation, which includes the option for Legacy Minerals to be loan-carried through to production at 20% ownership of the Bauloora Projects with repayments made from operational revenue. 

The widespread abundance of adularia within the veins, and the forms of silica vein material and their textures, all indicate that the veins on the Bauloora Project extend from the paleo-water table to the boiling level, and through the Crustiform-Colloform Superzone to the lower levels of the Chalcedonic Superzone (i.e., Buchanan’s Precious Metals Interval). As well as vertical and horizontal zonation of these textural and depositional types, there has likely been a telescoping of various types of mineralisation at particular locations as seen in the localised higher base metal contents to some portions of the veins. The implication is that the veins on the Bauloora Project present an excellent opportunity for the discovery of shallow gold mineralisation.