Tag Archives: Legend Gold
Legend Gold Corp. (the “Company” or “Legend Gold”) (TSX.V:LGN) is pleased to release an enhanced representation of the new Zone 4 gold discovery that reflects the Company’s increased understanding of the mineralization in the zone. This diagram shows the spatial and geological relationship between the initial discovery grab sample and successful follow-up trenching and diamond drilling. Legend’s Lakanfla Zone 4 is 4 km southeast of the Sadiola Gold Mine’s satellite pits in the prolific western Mali gold belt.
Toronto, Ontario – February 7, 2012 – Legend Gold Corp. (the “Company” or “Legend Gold”) (TSX.V:LGN) is pleased to announce the initial trench results from the new discovery at Zone 4 of Lakanfla project, contiguous to the Sadiola Mine (Anglo/IAMGOLD) in Mali. These results are a follow-up to the 31 gm. grab sample obtained in June 2011 (August 18, 2012).
News Release(TSX.V:LGN) – January 30, 2012
Legend Gold Discovers New Mineralized Zone 13 Meters of 3.42 GPT at Lakanfla
Toronto, Ontario –January 20, 2012– Legend Gold Corp. (the “Company” or “Legend Gold”) (TSX.V: LGN)is pleased to announce the final completion of the acquisition of the Mougnina Property permit. As previously announced on June 28, 2011 and October 7, 2011, Legend Gold acquired the Mougnina Property from AGMEX SARL (“Agmex”), a company controlled by Ambogo Guindo, a director and officer of the Company. The exploration permit for the Mougnina Property has now been registered in the name of the Company’s Mali subsidiary. In accordance with the purchase agreement, Legend Gold shall now issue 4,000,000 common shares of Legend Gold to Agmex, pay Agmex Cdn$250,000, and grant to Agmex a 2% net smelter returns royalty on the Mougnina Property (the “NSR Royalty”). Legend Gold has the right, exercisable at any time, to purchase one-half of the NSR Royalty for Cdn$1,000,000, and to purchase the balance of the NSR Royalty for Cdn$3,000,000.
Doug Perkins, President & CEO of Legend Gold, said “We are pleased to complete the acquisition of the Mougnina Property. We have had the opportunity to observe the development of Mougnina from early stage prospect to its current state of being a significant gold exploration target. Agmex has been successful in developing eight extensive gold targets from a combination of soil geochemistry, termite mound sampling, pitting, and auger drilling. Mougnina is located on highly prospective ground only 8 kilometres from the Syama mine. Based on observations of ancient artisan mining sites, remote sensing data, and Agmex’s recent work it is now considered that the Mougnina property is located along strike from lithotectonic units that host the Syama mine. Because of their proximity to a proven discovery at Syama, and the extensive nature of the Mougnina anomalies, Legend is very excited to have the opportunity to advance these targets to the next stage of discovery.”
News Release(TSX.V:LGN) – January 10, 2012
Invitation to Vancouver Resource Investment Conference
We would like to personally invite you to visit Legend Gold Corp. at
Booth # 2505 and meet our new President & CEO, Douglas G. Perkins at the: