Legend Gold Mobilizes Rig for Drill Program at the Lakanfla Gold Project, Western Mali - Plans to Drill Up to 10,000 Metres at Lakanfla -
- Plans to Drill Up to 10,000 Metres at Lakanfla -
TORONTO, ONTARIO -- (Marketwire) -- 03/30/11 -- Legend Gold Corp. (the 'Company' or 'Legend Gold') (TSX VENTURE: LGN) is pleased to report that it will commence an extensive drill program at its 100% owned Lakanfla Project ('Lakanfla') in the Republic of Mali, West Africa. Up to 10,000 metres of combined reverse circulation ('RC'), and air core ('AC') drilling at Lakanfla is planned to test strike extensions of its previously discovered Zones 1, 2, and 3 as well as soil and termite mound geochemical anomalies proximal to the discovery zones (see press release dated February 4, 2011). The drill rig is expected to be mobilized onto the property on or about April 10, 2011.
The Lakanfla project is contiguous to the southern boundary of the Sadiola Gold Mine property (AngloGold Ashanti, IAMGOLD, SEMOS) ('Sadiola') and is situated 10 kilometres southeast of the Sadiola main open pit (6.5 million ounces of gold production). Mining is currently underway at two of Sadiola's satellite orebodies, FE3 and FE4, which are located within one kilometre of the Lakanfla permit boundary. The FE3 and FE4 pits have produced over one million ounces for Sadiola.
The Lakanfla Project consists of the Lakanfla permit (24 square kilometres) and the Tinntiba permit (25 square kilometres). The Lakanfla project forms a key part of the Company's strategy to explore and expand its gold discoveries along strike of the Sadiola Gold Mine.
Scott Waldie, President and CEO of North Atlantic said, 'We are very excited to get this drilling underway at Lakanfla. With the development of the FE3 and FE4 orebodies at Sadiola so close to our boundary we have very high expectations for our exploration success at Lakanfla.'
About Legend Gold
Legend Gold is a mineral exploration and development company focused on exploring for gold in the Republic of Mali, West Africa. Our four main projects are the Tiekoumala, Lakanfla, Diokeba, and Dalakan Projects. Currently a program consisting of up to 20,000 metres of combined RC and AC drilling is underway at our Tiekoumala project. In recent years, we have made significant gold discoveries on the Tiekoumala project located in southern Mali, and the Lakanfla project located in western Mali. Legend Gold has 58,826,124 common shares issued and outstanding (82,543,018 shares on a fully diluted basis). Please visit our website www.legendgold.com to for more information about our projects.
This news release may contain forward-looking statements that are based Legend Gold Corp.'s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Legend Gold Corp.
Jane Curtis
Manager Corporate Affairs
416.703.6348
jcurtis@legendgold.com
www.legendgold.com
Renmark Financial Communications Inc.
Barry Mire
514.939.3989 or 416.644.2020
bmire@renmarkfinancial.com
Renmark Financial Communications Inc.
Matthew Planche
514.939.3989 or 416.644.2020
mplanche@renmarkfinancial.com
www.renmarkfinancial.com