Legend Mining iron hits point to large potential of Ngovayang Project in Cameroon

Legend Mining (ASX: LEG) has returned more wide iron intersections after completing a seven hole drilling program at the Melombo West target within the Ngovayang Project in Cameroon, indicating the large scale potential of the project.

The best intercepts include 53.05 metres at 22.6% iron (Fe) and 125.98 metres at 16.3% Fe, and grades can reasonably be expected to be upgraded.

Six of the seven holes drilled reported magnetite of similar character and tenor to the results previously announced from the Alpha, Hill 335, Hill 419 and Melombo North targets.

The magnetite discovered so far at the company's Ngovayang Project produces a high grade, low impurity concentrate at a relatively coarse grind.

Three drillholes are being submitted for laboratory analysis.

Mark Wilson, Legend managing director, said “the consistency of these drill results with those previously reported is a further pointer to the large scale potential of this project.

"All holes were drilled on topographic highs and further mapping is now being undertaken following new outcrop discovery during the drilling and track construction works”.

The company said the focus of the diamond drilling program has now turned to the Melombo East target where quite extensive outcrop of magnetite gneiss has been mapped.

Access and pad preparation for 16 holes has been completed and the drill program has commenced.

Further interpretation and evaluation is required to assess the potential of magnetite at Melombo West.

Ngovayang's potential is further highlighted by the deal Legend struck earlier in the year for a rail and port access agreement with fellow Australian Cameroon iron ore company Sundance Resources (ASX: SDL).

The letter of intent provides for the two Australian based companies with iron ore assets in the country to examine ways for Legend to use Sundance’s proposed infrastructure and rail and port haulage.

The infrastructure forms part of Mbalam Iron Ore Project located in Cameroon and Congo in central West Africa.

Both Sundance’s Mbalam Project and Legend’s project are located in the southern region of the Republic of Cameroon, with the proposed rail route being developed by Sundance passing in close proximity to Ngovoyang.

In total Legend has an extensive 3900 square kilometre land holding in the country.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/18648/legend-mining-iron-hits-point-to-large-potential-of-ngovayang-project-in-cameroon-18648.html