Legacy Minerals

EL6273, EL9616, ELA6642
Low-sulphidation epithermal and porphyry Cu-Au

Drake

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The Drake Project is one of Legacy Mineral’s three large epithermal systems in addition to Bauloora (Newmont Earn-In) and Black Range (LGM 100%).

The Drake Project sits within the highly prospective New England Fold Belt (NEFB) and is one of a number of epithermal gold, silver, and base metal districts that formed along the east coast of Australia during the Permian age as back arc extensional volcanic basins. A number of major mines and deposits occur within the NEFB including the Cracow gold mine (2.5Moz Au @ 4.97g/t)

 Mt Carlton gold mine (1.2Moz Au, 12Moz Ag), Mt Rawdon gold mine (2.5Moz Au), and Mt Morgan (8Moz Au).

Data review over the licenses and license applications has validated several high-grade intercepts, including:

12.82m at 48g/t Au and 2,589g/t Ag with 3.78m of core loss from 16.9m (DDH006)

These results further build on the prospectivity and high grades of the Project, including

118m at 1.71g/t Au, 6.9g/t Ag, 0.1%Cu and 1.12% Zn from 2m,

8m at 16.92g/t Au, 17g/t Ag, 0.53% Cu, 1.45% Pb and 6.89% Zn, from 52m and

16m at 5.8% Cu from 58m and 10.1m at 7.26% Cu from 88m.

Legacy Minerals continues to incorporate the large amount of historical data and exploration information across the tenement and will follow up with targeted field work programs.