LEG - Legend Mining
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No Ordinary Duck
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Chased it with a trailing stop and out at 9.3c Nice end to 2010
Click to expand
Click to expand
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Holding since 5.1c a couple weeks back.
Fingers crossed for a massive 2011 for Legend Mining.
Lets hope the talk of this following in SDL footsteps comes true.
Fingers crossed for a massive 2011 for Legend Mining.
Lets hope the talk of this following in SDL footsteps comes true.
Ann out today of LOI between SDL and LEG to co-operate as far as rail and port infrastructure in Cameroon.
Only an "intent" to co-operate but all looks ans ounds good for both companies - that SDL are in front wit their development, this is great for LEG.
Only an "intent" to co-operate but all looks ans ounds good for both companies - that SDL are in front wit their development, this is great for LEG.
greggles
I'll be back!
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A blast from the past.
Legend Mining looks to be breaking out after announcing that nickel-copper sulphides have been intersected in aircore drilling at the company's Rockford project in the Fraser Range of Western Australia.
Legend Mining looks to be breaking out after announcing that nickel-copper sulphides have been intersected in aircore drilling at the company's Rockford project in the Fraser Range of Western Australia.
greggles
I'll be back!
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LEG has continued to perform well since that move above resistance back in early April and it successfully consolidated above 3c. However, this month it has really gained some traction and has moved from 3.1c to a high today of 5.8c.
New assays released on Tuesday have returned more anomalous nickel-copper results at Area D at the company's Rockford Project and confidence in the prospectivity of the entire project is increasing.
New assays released on Tuesday have returned more anomalous nickel-copper results at Area D at the company's Rockford Project and confidence in the prospectivity of the entire project is increasing.
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LEG is my pick for the July stock picking comp. as it is the first buy signal for tomorrow for my momentum trading system. Chart shows a long period of consolidation with high volume move ups in December and April leading up to the high tight triangle formed over the last few days and the breakout today.
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Looks like they are trying to get LEG up and running again!
Twiggs daily Money Flow is rising into positive territory and the Positive Volume Index (not shown) is just lifting its toes into positive territory.
Twiggs daily Money Flow is rising into positive territory and the Positive Volume Index (not shown) is just lifting its toes into positive territory.
greggles
I'll be back!
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Massive breakout for Legend Mining today. After a 12 day suspension from trading LEG was re-instated this morning and announced that it has discovered massive nickel-copper sulphides at the Rockford Project.
The third diamond drillhole (RKDD007) at Mawson (formerly Area D) returned the following results:
This intersection is the best yet and as the company has noted would appear to indicate that they have hit a large mineralised system. The announcement stated that follow up diamond drilling is planned with the aim of defining the extent of nickel-copper mineralisation.
The LEG share price has spiked hard today following the announcement, hitting a high of 12c before retreating back to 8.3c where it is currently trading. Volume is a massive 55 million shares.
It seems to me that LEG is now a bet on how large the nickel and copper mineralisation is. If it's huge, then it should be a nice ride up. Further drilling results will paint a more accurate picture of what lies underneath the dirt at Rockford, but it will be next year before we see the next round of results.
The third diamond drillhole (RKDD007) at Mawson (formerly Area D) returned the following results:
This intersection is the best yet and as the company has noted would appear to indicate that they have hit a large mineralised system. The announcement stated that follow up diamond drilling is planned with the aim of defining the extent of nickel-copper mineralisation.
The LEG share price has spiked hard today following the announcement, hitting a high of 12c before retreating back to 8.3c where it is currently trading. Volume is a massive 55 million shares.
It seems to me that LEG is now a bet on how large the nickel and copper mineralisation is. If it's huge, then it should be a nice ride up. Further drilling results will paint a more accurate picture of what lies underneath the dirt at Rockford, but it will be next year before we see the next round of results.
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In trading halt today after announcing commencement of follow up drilling a few days ago, can only be a good thing?
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Very positive prospects, but not yet the holy grail:
I did hold LEG a very long time ago, but not now, and will now just watch and wait.
I see it as a potential play in years ahead when the EV revolution is in full swing and nickel & copper resources become stretched.
Dona Ferentes
A little bit OC⚡DC
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Legend happens to be one of the last independent ASX-listed juniors properly focused on the region, with the added benefit of a strategic shareholding by Australia’s most successful prospector, Mark Creasy, a major player in the Fraser Range province.
LEG’s Rockford Project is located within the highly prospective Fraser Range district of Western Australia, covering a total area of 3,088 sq km. Exploration is primarily focussed on Nova-Bollinger style nickel-copper, along with volcanogenic massive sulphide (VMS) style zinc-copper-silver and Tropicana-style structurally-controlled gold mineralisation.
A detailed breakdown of ownership, area and manager is outlined below:
-- LEG (100%) 238 sq km
-- LEG (70%)/Creasy Group (30%) – two JVs covering 2,192 sq km with Legend manager
-- IGO (60%)/Creasy Group (30%)/LEG (10% free-carry) JV covering 634 sq km with IGO manager
-- IGO (70%)/LEG (30% free carry) JV covering 24km² with IGO manager
Figure 1: Rockford Project with current prospect locations
Exploration results to date by both LEG and Creasy Group have highlighted six priority prospects, as shown in the graphic above. These include magmatic nickel-copper sulphide style targets at Mawson, Octagonal, Magnus and Crean and VMS style zinc-copper-silver targets at Shackleton and Worsley.
Importantly, the project tenure covers a strike length of 100km over a regional gravity high “ridge” associated with dense mafic/ultramafic intrusive rocks of the Fraser Zone, within the larger Albany-Fraser Orogen. The Nova-Bollinger deposit and the recently discovered Silver Knight nickel-copper deposit, both of which lie within the Fraser Zone, are situated on a similar tenor gravity ridge to that of the Rockford Project.
LEG achieved a watershed milestone in December 2019 at the Mawson prospect at its Fraser Range Rockford Project with the discovery of massive nickel-copper sulphides in diamond drill-hole RKDD007.
Summary
"The ongoing diamond and RC drilling program at the Mawson prospect is generating extremely encouraging results in combination with geophysics – with the geochemical footprint at Mawson currently measuring approximately 200m x 300m. What we are seeing is a very methodical approach to exploration, with some very good drill results and then the occasional miss. This is natural in terms of the drill-out process – not every hole is going to be a winner!
"Nevertheless, the company has a solid strike rate in terms of hitting massive sulphides, which is contributing to a very strong picture of a broad mineralised discovery.
"In terms of share price action, things are potentially going to be a little quiet until diamond drilling resumes. In the meantime, LEG says that ongoing integration of RC, air-core and gravity datasets will assist with future diamond drill-hole planning/design."
LEG’s Rockford Project is located within the highly prospective Fraser Range district of Western Australia, covering a total area of 3,088 sq km. Exploration is primarily focussed on Nova-Bollinger style nickel-copper, along with volcanogenic massive sulphide (VMS) style zinc-copper-silver and Tropicana-style structurally-controlled gold mineralisation.
A detailed breakdown of ownership, area and manager is outlined below:
-- LEG (100%) 238 sq km
-- LEG (70%)/Creasy Group (30%) – two JVs covering 2,192 sq km with Legend manager
-- IGO (60%)/Creasy Group (30%)/LEG (10% free-carry) JV covering 634 sq km with IGO manager
-- IGO (70%)/LEG (30% free carry) JV covering 24km² with IGO manager
Figure 1: Rockford Project with current prospect locations
Exploration results to date by both LEG and Creasy Group have highlighted six priority prospects, as shown in the graphic above. These include magmatic nickel-copper sulphide style targets at Mawson, Octagonal, Magnus and Crean and VMS style zinc-copper-silver targets at Shackleton and Worsley.
Importantly, the project tenure covers a strike length of 100km over a regional gravity high “ridge” associated with dense mafic/ultramafic intrusive rocks of the Fraser Zone, within the larger Albany-Fraser Orogen. The Nova-Bollinger deposit and the recently discovered Silver Knight nickel-copper deposit, both of which lie within the Fraser Zone, are situated on a similar tenor gravity ridge to that of the Rockford Project.
LEG achieved a watershed milestone in December 2019 at the Mawson prospect at its Fraser Range Rockford Project with the discovery of massive nickel-copper sulphides in diamond drill-hole RKDD007.
Summary
"The ongoing diamond and RC drilling program at the Mawson prospect is generating extremely encouraging results in combination with geophysics – with the geochemical footprint at Mawson currently measuring approximately 200m x 300m. What we are seeing is a very methodical approach to exploration, with some very good drill results and then the occasional miss. This is natural in terms of the drill-out process – not every hole is going to be a winner!
"Nevertheless, the company has a solid strike rate in terms of hitting massive sulphides, which is contributing to a very strong picture of a broad mineralised discovery.
"In terms of share price action, things are potentially going to be a little quiet until diamond drilling resumes. In the meantime, LEG says that ongoing integration of RC, air-core and gravity datasets will assist with future diamond drill-hole planning/design."
Sean K
Moderator
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LEG got a please explain today and the answer was they had lithium in one of their project titles. Let's coin it the Lithium Jizzem. You could almost throw a dart board at anything with lithium in the title and put you granny on it at the moment. It's nuts.
greggles
I'll be back!
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LEG up and running again today after announcing the completion of the processing and modelling phase of the data from the 3D seismic survey over a 6.5km2 area at the Mawson prospect.
They look to have some promising drill targets now, and with further diamond drilling commencing shortly LEG could be one to watch in 2022.
They look to have some promising drill targets now, and with further diamond drilling commencing shortly LEG could be one to watch in 2022.
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Leg end (foot or toe? ?)
Have noticed this a bit lately on the evening chart look overs.
Not held.
Have noticed this a bit lately on the evening chart look overs.
Not held.
Dona Ferentes
A little bit OC⚡DC
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from the last quarterly. There seems to be enough cash on board.
Future Programmes
• Detailed structural analysis of completed diamond drillholes at Mawson
• Collation of all downhole geophysical and petrophysical data from Mawson
• Reprocessing of the Mawson 3D seismic model with new downhole datasets
• Incorporate completed drilling, geophysics, geochemistry, structural, and existing 3D modelling into seismic model for diamond drilling target ranking and planning at Mawson
• Octagonal seismic data acquisition underway October through November 2022
• Octagonal seismic data processing November 2022 – March 2023
• Final 3D seismic model for Octagonal to be received April-May 2023
• Aircore drilling over selected areas ongoing
• Data analysis ongoing identifying new and advancing existing areas
....mmaybe a tip for the comp. It's nickel. It'll either be LEG up, LEG down or LEG end
Future Programmes
• Detailed structural analysis of completed diamond drillholes at Mawson
• Collation of all downhole geophysical and petrophysical data from Mawson
• Reprocessing of the Mawson 3D seismic model with new downhole datasets
• Incorporate completed drilling, geophysics, geochemistry, structural, and existing 3D modelling into seismic model for diamond drilling target ranking and planning at Mawson
• Octagonal seismic data acquisition underway October through November 2022
• Octagonal seismic data processing November 2022 – March 2023
• Final 3D seismic model for Octagonal to be received April-May 2023
• Aircore drilling over selected areas ongoing
• Data analysis ongoing identifying new and advancing existing areas
....mmaybe a tip for the comp. It's nickel. It'll either be LEG up, LEG down or LEG end
