Legacy Gold Reports Strong Gold Mineralization at Its Baner Project in Idaho

byTraders Tally -
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Here’s a breakdown of what Legacy Gold Mines (TSXV: LEGY) is reporting from its exploration work on the Baner property — and why it could matter for investors:

Key Highlights from Legacy Gold’s Baner Project

  1. Drilling Progress Underway

    • Legacy has kicked off a significant drilling campaign at the Baner Gold Mine Property in Idaho. 

    • They’ve completed 16 reverse-circulation (RC) drill holes so far, totaling about 9,000 feet (≈2,743 meters). 

    • The drilling is focused on the “Main Zone,” interpreted to follow a flatter‑dipping shear structure, which could mean better continuity of mineralization. 

  2. Encouraging Assay Results Coming In

    • The first two drill holes (LG25‑001 and LG25‑002) returned wide zones of gold:

      • Hole LG25‑002: ~0.46 g/t Au over 108.2 m (355 ft) 

      • Hole LG25‑001: high-grade intercepts including 80 g/t Au over 7.6 m (25 ft) plus other lower‑grade zones. 

      • Legacy sees these broad, low-grade halos as a sign of a potentially very large gold system. 

    • Based on soil anomalies, existing historical workings, and these early drill results, the target area may span roughly 1,000 m (east-west) by 1,800 m (north-south). Cantech Letter

  3. Historic Sampling Supports Exploration

    • Legacy’s prospecting has turned up 20 historic mine shafts and adits on the Baner site. legacygoldmines.com -+1

    • Some rock samples are very high-grade: they include grabs with 29.3 g/t Au from boulders. Newsfile+1

    • Other historical dump samples returned: 38.2 g/t, 16.1 g/t, 22.7 g/t, and more. Newsfile

  4. Big Picture Potential

    • The geological interpretation includes three mineralized orientations:

      1. Steep north‑south shear structure

      2. Flatter, east-dipping “Riedel shear” related zones

      3. East‑west veins (like the Baner vein system) legacygoldmines.com -

    • Legacy’s management believes this structure could support a much larger and more continuous gold system than previously thought. legacygoldmines.com -

    • CEO Brian Hinchliffe noted that the width of the zones found in these first holes may be the broadest ever recorded on the Baner property. Cantech Letter

  5. Next Steps

    • Legacy is still waiting on full assay results from all 16 drill holes. legacygoldmines.com -

    • They plan to follow up with more sampling where quartz veining or sulfides were noted, and adjust their drill targets based on the latest data. legacygoldmines.com -

    • The company has taken a conservative sampling approach so far — only sampling intervals of interest, which helps control costs while testing ideas. legacygoldmines.com -

Why This Might Be Important for Investors

  • Large Target Potential: The wide intercepts and interpreted structure suggest this isn’t a small vein — there could be scale.

  • Historic District: Baner sits in the Orogrande Mining District, which has seen gold mining since Idaho’s gold rush days, meaning existing geological data gives Legacy a strong base. legacygoldmines.com -

  • Cost-Efficient Exploration: Legacy’s selective sampling strategy reduces upfront costs while still testing high-priority zones.

  • High Upside, But Risk Still High: As with any early exploration play, nothing’s guaranteed. Assays are pending for most holes, and follow-up drilling will be critical.

Bottom Line

Legacy Gold’s early results from Baner are promising. They’ve found broad zones of gold and are testing a more optimistic geological interpretation. If their model proves right, this could be a very significant gold system — but they’re still in the early stages, and investors should watch for upcoming assay data.


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