Legacy Iron Ore appoints non-executive director

Legacy Iron Ore (ASX: LCY) has appointed Timothy Turner, who has previously been non-executive chairman, as a non-executive director.

A partner with accountants Hewitt Turner and Gelevits, Turner specialises in mergers and acquisitions, corporate and tax structuring, due diligence reporting, new ventures and business development consulting.

Turner is currently non-executive director of Cape Lambert Resources, International Petroleum and African Petroleum Corporation.

Meanwhile, Legacy is continuing to step up the pace at the Mt Bevan Iron Ore Project delivering another set of very positive results to the market.

Drilling has now consistently intersected the thick, shallowly dipping magnetite bearing banded iron formation (BIF) unit over an extensive 10 kilometre long strike.

On top of that Davis Tube Recovery (DTR) testing has again displayed high level weight recoveries and concentrate grades with low silica and negligible phosphorus and sulphur.

Using a relatively coarse grind size of P80/50 – 55 microns, DTR testing shows achievable grades of 69% to 70% iron, with high weight recoveries of circa 45%.

SRK Consulting is currently working on a JORC Inferred Resource for the whole Western BIF target, with results forecast to be delivered at the end of this month.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/24580/legacy-iron-ore-appoints-non-executive-director--24580.html