Northwire Canada EditionThursday, July 30, 2026
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NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0% NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0%
Drill Results Material +

Legacy Gold Hits 5.3 g/t Gold over 10ft (3m) Extending Zones 164m West; 0.66 g/t Gold over 40ft (12.2m) Extending Zones 136m North; 6.7 g/t Gold over 15ft (4.6m) in Twin Hole at Baner Property, Idaho

Idaho exploration delivers wide intercepts but low-grade reality looms as cash reserves dwindle

By The Northwire Desk — AI Analysis Feb 19, 2026 · 07:26 LEGY · 0.4 Legacy Gold Mines Ltd.
Executive Summary

The most recent news (February 19, 2026) reports assay results from the final four RC drill holes of the 2025 program at the Baner Gold Mine Property in Idaho. Key intercepts include 5.3 g/t gold over 3m (extending zones 164m West) and 1.18 g/t gold over 39.6m. Management highlights that 12 of the 16 holes drilled in 2025 returned "notable widths" of mineralization. The company claims to have met all original goals, proving a new geological interpretation involving flatter-dipping structures and extending the system in multiple directions.

Material Impact

The news is Material - Positive because it confirms the scale and continuity of the gold system at Baner, specifically the "Main Zone." However, a critical look at the data reveals that while the intervals are wide (e.g., 108.2m at 0.5 g/t), the average grades remain predominantly sub-1.0 g/t. - Continuity: The program successfully extended mineralization to the West and North, proving the system is larger than previously defined. - Grade Profile: Despite a few high-grade "spikes" (5.3 g/t and 6.7 g/t), the bulk of the reported intercepts are low-grade (0.3 g/t to 0.7 g/t). This suggests a large, low-grade bulk tonnage target rather than a high-grade underground prospect. - Operational Momentum: Completing the 2025 program and planning a 2026 campaign shows steady progress, but the company is still in the early exploration phase with no defined resource.

LEGY · Price
Company Overview

Legacy Gold Mines (formerly Prestwick Capital) is focused on the Baner Gold Project in the Orogrande mining district of Idaho. The property is an option from Champion Electric Metals to acquire a 100% interest. The project is characterized by its location along the Orogrande Shear Zone, a major regional structure. Historically, the area has produced high-grade samples from outcrops and boulders (up to 29.3 g/t Au), which the company is now trying to trace to a primary source at depth.

Read the original news release →

More from Legacy Gold Mines Ltd.

Jul 28, 2026 · 07:21

Legacy confirms low-grade bulk-tonnage model at Baner with 150m extensions, supporting its step-out and gap-fill exploration strategy.

Drill Results Jul 09, 2026 · 07:21

Legacy begins 40,000-ft RC drilling at Baner while MT surveys expand the target area for the project.

Drill Results Jun 11, 2026 · 07:21

Legacy Gold advances to the undrilled Northwest Zone at Baner with a $10 million war chest funding a 40,000-foot exploration campaign.

Drill Results Jun 03, 2026 · 12:01

Legacy Gold advances its 40,000-foot Baner program, continuing drilling momentum as it works toward converting the exploration target into a mineral resource.

Drill Results Apr 30, 2026 · 08:48

Legacy Gold Mobilizes Drilling Following $10M Capital Raise; Baner Project Advances Toward Resource Definition

Drill Results Apr 16, 2026 · 07:20

Legacy Gold Secures Runway with Discounted Financing, Dilution Risk Looms Over Baner Project

Financings