# Legacy Gold Adds Second Drill to 2026 40,000-Foot Drill Program at Baner Gold Mine Property; Next Met Tests Agreed with RDI; MT Geophysical Survey to Be Flown in June

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/legacy-gold-adds-second-drill-to-2026-40-000-foot-drill-program-at-baner-gold-mi--082f452f-896f-4971-b026-2cc027e00358

Original source: https://money.tmx.com/en/quote/LEGY/news/4563364628764754/legacy-gold-adds-second-drill-to-2026-40-000-foot-drill-program-at-baner-gold-mi

Publisher: tmx

Original announcement: 2026-06-03T16:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Legacy Gold Mines Ltd.

- Ticker: LEGY

- Exchange: TSX

- Region: Idaho County, Idaho, USA

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results, Other

- Extracted: 2026-09-18 06:36:37 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Legacy Gold has commenced its 2026 40,000-foot drill program at the Baner Gold Mine Property in Idaho, targeting the Main, NE, and NW zones. The company has also contracted RDI for metallurgical studies and Expert Geophysics for an airborne MT and magnetic survey to support production conceptualization and targeting.

Reasoning: The company is aggressively advancing its 2026 exploration program with significant meterage and new technical studies, though the primary value driver remains a conceptual exploration target rather than a formal resource.

- Positive factor: Expansion of drilling program to 40,000 feet

- Positive factor: New metallurgical studies contracted to advance production conceptualization

- Positive factor: Planned geophysical survey to identify deeper sulphide targets

- Positive factor: Large exploration target defined \(50-55 Mt @ 0.72-0.91 g/t Au\)

- Negative factor: Exploration target is conceptual and not a NI 43-101 compliant resource

Facts used in scoring: 4

## Classification and evidence

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The program targets the Main and NE Zones to follow up on successful 2025 results and delineate a mineral resource.

Evidence · text

> This program follows up on the successful 2025 results by targeting the Main and NE Zones

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The project is located within the historic Orogrande Gold Mining District.

Evidence · text

> The Baner Property sits within the historic Orogrande Gold Mining District

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Drill Results (4)

### 6

[Link to this fact](https://atlas-extractions.minestarters.com/news/legacy-gold-adds-second-drill-to-2026-40-000-foot-drill-program-at-baner-gold-mi--082f452f-896f-4971-b026-2cc027e00358#fact-drill-facts-0)

Baner Gold Mine · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 6
- Project: Baner Gold Mine
- Commodity: gold
- Region: usa\_id
- Reported Region: usa\_id
- Ticker: LEGY

#### Geometry

- Grade: 0.57
- Grade Unit: g/t
- Intercept: 64 m
- Hole Depth: 3658 m

#### Classification

- Sample Type: drill

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-06-03T00:00:00.000Z

Reasoning: Historical step-out hole providing continuity context.

Evidence · text

> The closest drill hole is the step-out hole \#6 drilled in 2025 that returned a continuous intersection of 0.57 g/t Au over 64.0m \(210ft\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "It is limited to 1,000m for the Main Zone \(plus 500m at Baner Mine trend\), and 370m for the NW Zone within 1,370m of the"

### Fact 2

[Link to this fact](https://atlas-extractions.minestarters.com/news/legacy-gold-adds-second-drill-to-2026-40-000-foot-drill-program-at-baner-gold-mi--082f452f-896f-4971-b026-2cc027e00358#fact-drill-facts-1)

Baner Gold Mine · gold

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Baner Gold Mine
- Commodity: gold
- Region: usa\_id
- Reported Region: usa\_id
- Ticker: LEGY

#### Geometry

- Grade: 0.55
- Grade Unit: g/t
- Intercept: 187.5 m

#### Classification

- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-06-03T00:00:00.000Z

Reasoning: Wide historical intercept from 2025 drilling.

- Positive factor: Very wide intercept

Evidence · text

> 0.55 g/t Au over 187.5m \(615ft\) in the middle

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "It is limited to 1,000m for the Main Zone \(plus 500m at Baner Mine trend\), and 370m for the NW Zone within 1,370m of the"

### Fact 3

[Link to this fact](https://atlas-extractions.minestarters.com/news/legacy-gold-adds-second-drill-to-2026-40-000-foot-drill-program-at-baner-gold-mi--082f452f-896f-4971-b026-2cc027e00358#fact-drill-facts-2)

Baner Gold Mine · gold

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Baner Gold Mine
- Commodity: gold
- Region: usa\_id
- Reported Region: usa\_id
- Ticker: LEGY

#### Geometry

- Grade: 0.52
- Grade Unit: g/t
- Intercept: 108.2 m

#### Classification

- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-06-03T00:00:00.000Z

Reasoning: Historical intercept from 2025 drilling.

Evidence · text

> 0.52 g/t Au over 108.2m \(355ft\) in the south

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "It is limited to 1,000m for the Main Zone \(plus 500m at Baner Mine trend\), and 370m for the NW Zone within 1,370m of the"

### Fact 4

[Link to this fact](https://atlas-extractions.minestarters.com/news/legacy-gold-adds-second-drill-to-2026-40-000-foot-drill-program-at-baner-gold-mi--082f452f-896f-4971-b026-2cc027e00358#fact-drill-facts-3)

Baner Gold Mine · gold

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Baner Gold Mine
- Commodity: gold
- Region: usa\_id
- Reported Region: usa\_id
- Ticker: LEGY

#### Geometry

- Grade: 0.57
- Grade Unit: g/t
- Intercept: 64 m

#### Classification

- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-06-03T00:00:00.000Z

Reasoning: Historical intercept from 2025 drilling.

Evidence · text

> 0.57 g/t Au over 64.0m \(210ft\) in the north

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "It is limited to 1,000m for the Main Zone \(plus 500m at Baner Mine trend\), and 370m for the NW Zone within 1,370m of the"

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
