Legacy Gold talks drilling, sampling at Baner mine

Executive Summary

• Legacy Gold commenced its first 2025 drilling program on the Main zone of the Baner gold mine property in central Idaho, with assay results expected mid‑to‑late October.
• The 2025 soil sampling program analyzed 841 samples, identifying three high‑grade target areas (up to 1.25 g/t Au) and 174 samples >10 ppb Au, supporting expanded drilling targets.
• Historical drill data from Champion Electric showed significant intercepts (e.g., 20.8 g/t Au over 12 m), and Legacy aims to test a flatter‑dip interpretation to increase zone width and strike length.

Key Details

• Drilling Program: First 2025 drill campaign on the previously drilled Main zone; assay results anticipated mid‑to‑late October 2025.
• Historical Intercepts (Champion Electric):
• 20.8 g/t Au over 12.0 m
• 8.7 g/t Au over 6.3 m
• 27 intersections >10 m, averaging 18.6 m at 1.16 g/t Au across 21 holes (Main & NW zones).
• Soil Sampling – Overall: 841 surface soil samples collected; 174 samples >10 ppb Au; 2 samples >1,000 ppb Au.
• Key Soil Anomalies Identified:
• Baner SW: 1.25 g/t Au peak; anomaly ~2.2 km long × 550 m wide.
• North‑central zone: 1.03 g/t Au peak; anomaly ~1.7 km long.
• Northwest zone: Two anomalies each ~700 m long, aligned with Baner SW fault.
• Target Areas: Three significant zones (1.25 g/t, 1.7 g/t, 1.03 g/t Au) identified for future drilling based on soil and geophysical data.
• Geological Context: Property hosts a textbook shear system with two major faults (Orogrande & Orogrande West) acting as fluid conduits; additional vein structures present.
• Exploration Rationale: Soil results refine existing targets, reveal new anomalies, and justify drilling to test flatter‑dip interpretation for broader mineralized zones.
• Qualified Person Review: Mike Sutton, P.Geo., Director & VP Exploration, reviewed and approved technical disclosure per NI 43‑101.
• Assay Laboratory: Samples sent to ALS Global (Elko, NV) with ISO/IEC 17025 accreditation; QA/QC includes blanks/standards every 20 samples and duplicate checks (~5% of pulps).

Notable Quotes

“The support Legacy Gold has received from its drilling and exploration partners in its first year operating in Idaho has been excellent,” said Brian Hinchcliffe.
“The results of the surface sampling in the northwest of the Baner gold mine property has caused Legacy to redirect drilling targets as we received all necessary permitting adjustments very promptly.”