Legacy Minerals Holdings Limited Uncovers Breakthrough Gold-Copper Drilling Results at Thomson Project – Wide Quartz-Sulphide Vein Discovery Signals New Frontier Opportunity
Thursday, June 19, 2025
at
9:05 am
Legacy Minerals Holdings Limited’s first drilling campaign at the Thomson Project intercepted wide zones of quartz-sulphide veins, hinting at promising gold and copper mineralisation. Assay results due in six weeks pave the way for further drilling approvals in this emerging, high-potential exploration area.
Legacy Minerals Holdings Limited has announced the completion of its initial drilling campaign at the Thomson Project in far north-west New South Wales, yielding promising results that could signal the discovery of new intrusion‐related gold and copper mineralisation. Using discrete geophysical targets defined by elevated magnetic and gravity data, the company drilled two key targets—one at the F4 anomaly, which had never been previously tested, and another at the Cut‑B anomaly that has shown encouraging historical results. Drill holes intercepted wide zones of quartz-sulphide veins, including mineralised textures with significant occurrences of quartz, pyrrhotite, and pyrite, which the company believes are responsible for the geophysical anomalies observed.
The drilling program reached depths of over 460 metres at F4 and more than 600 metres at the Cut‑B site, confirming that the geology transitions from basement rock to a variably altered meta-siltstone package with multiple quartz veins continuing to the end-of-hole. These intersections are consistent with historic drilling results from the neighbouring Cut-A anomaly, where previous tests recorded several high-grade intervals with notable gold, silver, base metal, and trace element signatures. With drill core processing underway, Legacy Minerals anticipates assay results within six to eight weeks, which will be critical in evaluating the economic potential of these large, magnetically defined targets across the Thomson Project’s 5,500 square kilometres of tenure.
Management expressed confidence in the drilling outcomes, noting that the confirmation of hydrothermal pyrrhotite-bearing quartz veins validates the company’s targeting criteria and supports further exploration plans. Funding and government approvals are in place for follow-up drilling at the F4 and Cut‑B targets, while additional approvals are pending to test other high-priority anomalies across the Project. The outlook is bolstered by an intrinsic link to large-scale intrusion-related districts, with the Thomson Project sharing characteristics with prolific areas in Western Australia that host major copper-gold deposits.
Market sentiment regarding this news is mixed. On the bullish side, the successful identification of extensive quartz-sulphide mineralisation and the discovery of new drill intercepts reinforce the potential for significant gold and copper deposits, which could drive future development and shareholder value. The proactive approach in securing necessary approvals for additional drilling further underpins confidence in the project’s growth prospects. However, on the bearish side, preliminary drill observations require assay confirmation before economic viability can be established, and inherent risks remain in exploration. Forward-looking statements caution that commodity prices, market conditions, and regulatory developments may impact ultimate project outcomes.
For beginner traders looking for tangible indicators in the mining exploration space, the current drilling successes and the systematic approach to expanding the exploration footprint at the Thomson Project exemplify a tangible step toward uncovering a new frontier in mineral discovery, balanced by the inherent uncertainties typical of early-stage exploration ventures.