Legacy Gold Starts RC Drilling at the Baner Gold Mine Property and is on Target to Complete Its 40,000 Foot 2026 Program; MT GEO Survey Flown
Legacy begins 40,000-ft RC drilling at Baner while MT surveys expand the target area for the project.
Legacy Gold Mines Ltd. (LEGY) has commenced reverse circulation (RC) drilling at its Baner Gold Mine Property in Idaho. The company remains on track to complete its planned 40,000-foot 2026 exploration program, which is structured to include 12,000 feet of core drilling followed by 28,000 feet of RC drilling.
Preliminary results from a recently flown Magnetotellurics (MT) geophysical survey have confirmed and expanded known targets, delineating strong new areas, particularly between the Northwest (NW) and Northeast (NE) zones. Drilling will focus on the Main, NE, and NW zones to test the continuity of mineralization, expand targets, and support a maiden mineral resource estimate targeted for late Q4 2026 or early Q1 2027.
An initial conceptual exploration target remains at 50.3 to 55.3 million tonnes at 0.72 to 0.91 g/t Au, based on 46 historical and recent drill holes.
Legacy Gold Mines Ltd. (LEGY) released results representing the routine execution of its previously announced 2026 drill program and geophysical survey. Progress remains in line with management's timeline and the capital raised in the April 2026 $10 million private placement.
The company disclosed no new financial, operational, or regulatory surprises. The MT survey results are incremental and expected to guide future drilling rather than immediately alter the project's economic viability. While the news signals positive operational momentum, it does not constitute a material, market-moving event given it was fully anticipated by the market following the April financing and May drilling announcements.
Legacy Gold Mines Ltd. (LEGY) is a Canadian exploration and development company focused on brownfield gold projects. Its flagship asset is the Baner Gold Mine Property, located in Idaho's historic Orogrande Mining District. The project is currently in the exploration and resource definition stage, with a strategic vision to develop a low-cost, heap-leachable gold resource with an exploration cost target of $5–10 per ounce. The management team features a proven track record, including co-founders of Kirkland Lake Gold, Brian Hinchcliffe and Michael Sutton, as well as experience with Agnico-Eagle, Rupert Resources, and various mine restarts.