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Legend Mining hits thick magnetite, sees potential at depth at Ngovayang Project

Legend Mining (ASX: LEG) has intercepted significant widths of magnetite in two drill holes at the Melombo East prospect at the Ngovayang Project in Cameroon, indicating a substantial target.

Also, geological mapping has revealed a 2.5 square kilometre magnetite footprint at the prospect.

Melombo East is considered highly prospective for a large tonnage of magnetite, given the thick drill intersections of magnetite gneiss which are open at depth, along with the large strike extent of the magnetite gneiss.

Four holes of the 16 drill hole program were completed to design depths with a further two abandoned due to mechanical problems with the rig.

Two of the completed holes encountered magnetite gneiss intercepts of 120 metres and 80 metres respectively. Significantly, both ended in mineralisation.

The magnetite in these intersections is coarse grained and relatively uniform throughout. Both holes have been submitted for laboratory analysis for a full iron ore suite of elements.

Mark Wilson, Legend Mining managing director, said the two intercepts "give an indication of the depth potential at Melombo East. We are awaiting assay results to confirm the iron grades."

The company expects assays for the two holes in mid October with the balance of the 10 holes to be drilled to commence later in the year.

The seasonal wet season has caused the suspension of the drill program until later in the year when a further 10 drillholes are planned at this location with pad preparation already completed.

However, reconnaissance work over the target areas is ongoing along with geophysical modelling focusing on Melombo East.

Geological mapping has recently been completed over the entire Melombo East target, taking advantage of numerous “exposures” uncovered by bulldozers during rig access track construction.

Geophysical modelling over Melombo East is currently being undertaken aimed at assisting drillhole targeting, as well as providing information on the possible dimensions/extent of the magnetite gneiss.

What helps to highlight the potential of Ngovayang, is that earlier in the year Legend struck a rail and port access agreement with fellow Australian Cameroon iron ore company Sundance Resources (ASX: SDL).
 
The letter of intent provides for the two Australian based companies with iron ore assets in the country to examine ways for Legend to use Sundance’s proposed infrastructure and rail and port haulage.
 
The infrastructure forms part of Mbalam Iron Ore Project located in Cameroon and Congo in central West Africa.
 
Both Sundance’s Mbalam Project and Legend’s project are located in the southern region of the Republic of Cameroon, with the proposed rail route being developed by Sundance passing in close proximity to Ngovoyang.
 
In total Legend has an extensive 3900 square kilometre land holding in the country.