Legacy Minerals Holdings Ltd. (AU:LGM) has released an update.
Legacy Minerals Holdings Ltd. has announced promising results from the first drill hole at the Glenlogan Project, revealing significant hydrothermal alteration and increased copper and gold levels, hinting at a potentially mineralized porphyry intrusion. This development, carried out by earn-in partner S2 Resources, offers investors a glimpse into a possible major discovery in the Lachlan Fold Belt. The partnership allows S2 Resources to earn a 70% interest by investing $6 million over five years, ensuring funding security for Legacy Minerals.
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