$LEGY.V

3 stories mentioning LEGY.VUpdated 12d ago

Every FINWIRES story that references LEGY.V, newest first.

Legacy Gold Adds a Second Drill to the Baner Gold Mine Property Drilling Program

Legacy Gold (LEGY.V) on Wednesday said it added a second diamond drill to its drilling program on the Baner Gold Mine Property in Idaho.The company's 2026 exploration plan is for the first 12,000 feet (3,658 meters) to be core drilled, after which reverse circulation (RC) drilling will take over to drill the remaining 28,000 feet (8,536 meters) of the program from July through September."Central Idaho is an exciting new center for US gold production following decades of exploration by Canadian companies and the Oro Grande District - where the Baner property sits - will benefit from this momentum," said chief executive Brian Hinchcliffe. "Most of the historic gold mines on the Baner are in the Main Zone but our geologists are keen to use today's high tech exploration tools to expand exploration and drilling to the Northwest, Northeast and to the South of the Main Zone as the 2026 exploration program advances."Legacy Gold shares were last seen down $0.01 to $0.99 on the TSX Venture Exchange.Price: $0.99, Change: $-0.01, Percent Change: -1.00%

$LEGY.V

Mining & Metals46d ago

Legacy Gold Mines to Begin Diamond Drilling at Baner Gold Mine Property in Idaho Next Month

Legacy Gold Mines (LEGY.V) on Tuesday said it will be begin a Phase 1 drilling program a its Baner Gold Mine Property in Idaho next month.The drill program, expected to total 40,000 feet (12,194 meters) will begin with approximately 12,000 feet (3,658 meters) of diamond drilling and will be followed with approximately 28,000 feet (8,536 meters) of reverse circulation drilling (RC), the company said."The Legacy Gold team has been working diligently with its contractors to mobilize two diamond drills for a dynamic Phase 1 startup, taking full advantage of seasonal light," said chief executive Brian Hinchcliffe. "We hope to build on the momentum from the $10 million financing completed in April and move right into our 2026 drill campaign of infill, step-out and exploration drilling aimed at delineating a maiden mineral resource on the Baner Property in late Q4 2026 or early Q1 2027."The company's shares were last seen up $0.05 to $0.95 on the TSX Venture Exchange.Price: $0.95, Change: $+0.05, Percent Change: +5.56%

$LEGY.V

Mining & Metals60d ago

Legacy Gold Mines Up 30%, Near 52 Week Highs as it Raises $10M Via Non-Brokered Private Placement

Legacy Gold Mines (LEGY.V) was at last look up 30% to near 52 week highs on Thursday after it completed its previously announced non-brokered private placement for $10.0 million.The company said the offering consisted of the issuance of 33.3-million common shares at $0.30 apiece. Following completion of the private placement, funds managed by Wexford Capital LP hold, in aggregate, about 15% of the issued and outstanding common shares.Proceeds will be used to advance drilling and project development activities at its Baner Gold Mine property, located in the Orogrande Mining District, Idaho, as well as for business development and general and administrative needs. The company has agreed to issue 825,490 common shares to John Tumazos of Florida, representing 3% of the common shares sold under the private placement to subscribers introduced by him.The company also confirmed it has completed the second payment under its option to buy a 100% undivided interest in and to the mineral claims comprising the property. The final payment under the option is due in April 2027 and consists of $500,000 in cash and 200,000 additional warrants to purchase common shares.Legacy Gold Mines is also seeking TSX Venture Exchange (TSXV) approval to extend by 12 months the term of the 200,000 warrants previously issued to Champion Electric in October 2024.In connection with the private placement, Chief Executive Brian Hinchcliffe acquired 452,000 common shares for aggregate consideration of $135,600.00, and Mike Sutton, VP, Exploration and a director of the company, acquired 333,333 common shares for $100,000.Shares were last seen up $0.14 at $0.60 on the TSXV, leaving it shy of a 52 week high $0.63.Price: $0.60, Change: $+0.14, Percent Change: +30.43%

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