Australia's Legacy Minerals jumps on data on NSW project

Legacy Minerals Holdings

01/11/2022 03:41

** Shares of Legacy Minerals Holdings Ltd  LGM.AX  rise as
much as 4.2% to A$0.125
    ** The Australia-based gold miner says results from ASTER
(Advanced Spaceborne Thermal Emission) data across the Bauloora
Gold-Silver low-sulphidation epithermal project have supported
the interpretation of project’s potential to host significant
gold-silver epithermal deposits
    ** Au-Ag Bauloora Project in New South Wales is a 45km2
hydrothermal alteration area containing low-sulphidation
epithermal-style gold silver targets
    ** ASTER is one of five state-of-the-art instrument sensor
systems operating on NASA's Terra satellite
        ** Co adds these patterns could indicate potential for
additional epithermal mineralised systems within the co’s
regional exploration licence
    ** More than 84,000 shares change hands vs the 30-day
average volume of 47,000 shares
    ** Stock has fallen 33.3% this year, as of last close
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))