Legend Mining Secures Two Key Licences and Rights Over Seven More Near Leonora
Legend Mining has secured key exploration licences and rights adjacent to its Pinnacle Well Project, significantly enlarging its footprint near Leonora, WA. These acquisitions enhance the project's gold prospectivity and set the stage for upcoming exploration activities.
- Acquisition of 100% interest in exploration licences E37/1235 and E37/1417
- Right of First Refusal secured over seven adjacent Linger and Die tenements
- Tenements contiguous with existing Pinnacle Well Project near Leonora, WA
- Historic gold workings and promising geological features identified
- Planned soil sampling, geophysical surveys, and drilling programs to follow
Expanding the Pinnacle Well Footprint
Legend Mining Limited has taken a decisive step to broaden its exploration horizons by acquiring full interests in two key exploration licences, E37/1235 and E37/1417, alongside securing a Right of First Refusal (ROFR) over seven adjacent tenements collectively known as the Linger and Die Group. These tenements are strategically contiguous with Legend’s existing Pinnacle Well Project, located approximately 25 kilometres north-northeast of Leonora in Western Australia’s prolific goldfields.
Executive Chair Mark Wilson highlighted the significance of this expansion, noting that the structure of the deal allows the current owner to continue developing existing pits while preserving Legend’s future acquisition rights. This approach balances immediate operational continuity with long-term strategic control.
Geological Promise and Historical Context
The newly acquired tenement E37/1235 is geologically characterised by hornblende granodiorite and a complex assemblage of volcanic rocks, with a prominent shear zone marking the eastern boundary. Historic exploration has been limited but notable, including soil and rockchip sampling and shallow drilling, revealing numerous historic gold workings associated with quartz veining; hallmarks of the intrusive-related, structurally controlled gold mineralisation that Legend targets.
Similarly, E37/1417 features the Bundarra Batholith granite and greisen alteration zones, with historical gold and molybdenum workings and early drilling campaigns dating back to the 1960s. These geological features add layers of prospectivity to Legend’s portfolio, complementing the existing Pinnacle Well tenure.
Strategic Rights and Future Exploration Plans
The ROFR over the Linger and Die Group tenements grants Legend the right to match any future purchase offers, effectively positioning the company to consolidate control over a highly prospective area. This strategic leverage could prove pivotal as exploration advances.
Looking ahead, Legend plans to integrate and validate historical data, conduct comprehensive soil sampling programs, and deploy geophysical surveys such as gradient array and dipole induced polarisation. These steps aim to refine target identification ahead of follow-up drilling campaigns designed to test the most promising geochemical and geophysical anomalies.
Context within the Northern Goldfields
The Pinnacle Well Project sits within a region renowned for significant gold and base metal deposits, including Gwalia, Tarmoola, and King of the Hills. The geological setting features a mix of volcanic and granitic rocks with major structural controls and evidence of hydrothermal alteration, all conducive to mineralisation. Legend’s expanded footprint enhances its exposure to these favourable conditions, potentially unlocking new value as exploration progresses.
Bottom Line?
Legend’s strategic acquisitions and rights position Pinnacle Well for a potentially transformative exploration phase in a proven gold district.
Questions in the middle?
- What initial assay results will emerge from the planned soil sampling and drilling programs?
- How might the Right of First Refusal be exercised to consolidate further tenements in the Linger and Die Group?
- What timeline does Legend envisage for advancing from exploration to resource definition at Pinnacle Well?
