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legend gold corp (LGN) Snapshot

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09/10/13 - C$0.35
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10/15/13 - C$0.19
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legend gold corp (LGN) Details

Legend Gold Corp. engages in the exploration and development of gold properties in the Republic of Mali, west Africa. It holds interests in 5 gold exploration projects covering an area of 736.5 square kilometers. The company’s principal projects include Tiekoumala gold project that covers an area of 380 square kilometers of mineral rights in 2 contiguous exploration permits in the Birimian Massigui greenstone belt, southern Mali; Lakanfla gold project located in western Mali; and Mougnina property, an early stage gold exploration property in southern Mali. Its principal projects also comprise Kata gold project in western Mali; and Mogoyafara project in south Mali. The company, formerly known as North Atlantic Resources Ltd., was founded in 1997 and is based in Toronto, Canada.

Founded in 1997

legend gold corp (LGN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$5.8K
Vice President of Business Development
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

legend gold corp (LGN) Key Developments

Legend Gold Corp. Announces Results from Mougnina Project

Legend Gold Corp. announced the results from a 5,845 meter reconnaissance aircore drill program on the Mougnina Project located within the Bala Ouest Exploration Permit Application area. The drilling returned anomalous gold over two areas of ancient artisanal workings, Site B and Site G. The five sub-areas drilled, Sites A, B, C, F and G, had been selected on the basis of termite mound and soil auger geochemistry as well as the presence of ancient artisanal workings. Five fences, 400 meters apart were drilled on Site G, four fences on Site B, three fences on Site A and one fence each on Site C and F. All holes had a declination of -60 degrees and were allowed to run until bit refusal, at an average depth of 35 meters, although a number of holes on Site B were significantly shorter due to abundant quartz at shallow depths. Holes were spaced 50 meters apart on the fences, leaving a gap in drill hole coverage of approximately 30 meters between holes. Fifty one (51) of 163 drill holes returned anomalous gold, that is, values greater than 100 ppb. These values were concentrated in holes adjacent to the trend of the ancient artisanal workings. Distal holes on the fences were not anomalous.

Legend Gold Corp. Announces the Receipt of All Assays of Reverse Circulation and Aircore Drilling on Diba Resource

Legend Gold Corp. announced the receipt of all assays of reverse circulation (RC) and aircore (AC) drilling on the Diba resource located within the Korali Sud permit application area which covers the area previously known as the Diba Exploration Permit. Drill intervals are approximately true widths based on drill hole inclination and general dip of mineralization. Assay intervals calculated at 0.5 grams per tonne (g/t) gold cut-off with up to 3 m of internal waste included. The purpose of the RC drilling was to upgrade and better define the extent of the Diba resource as well as to determine the down dip continuity of the mineralization. The current drilling targeted oxide mineralization which was undefined by drill intersections as well as down dip extensions of sulfide zone mineralization. The results of the RC drilling are expected to improve the statistical certainty of the resource and move it from the indicated and inferred categories to the measured and indicated categories as well as increase the resource from the previously announced indicated resource of 275,200 oz. at 1.35 g/t gold and inferred resource of 32,500 oz. at 1.40 g/t gold. An in-house evaluation of the resource as well as a re-tabulation by AMEC of the assay data by weathering profile indicates that at least 150,000 oz. of the indicated and inferred resource are in oxide, with an additional 38,000 oz. in both categories in the transition zone. Drill hole DBRC-009 encountered 1.32 g/t gold over 45 meters from 93 meters indicating that significant mineralization extends down dip into the sulfide zone in the southeastern portion of the resource. The AC drilling targeted the 2.5 km long, 100 ppb soil auger anomaly to the northwest of the Diba resource area. Only thin laterite and saprolite profiles were encountered which contained no economic intersections but results provided an explanation for the soil auger anomaly.

Legend Gold Proposes to Alter By-Laws

Legend Gold at the annual and special general meeting to be held on May 20, 2014, proposed to alter the Corporation's by-laws to include the Advance Notice Policy if the special resolution to continue the Corporation into the Province of British Columbia is not approved.


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