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Legend Gold Mobilizes Rig for Drill Program at the Lakanfla Gold Project, Western Mali
- Plans to Drill Up to 10,000 Metres at Lakanfla -
TORONTO, ONTARIO--(Marketwire
- March 30, 2011) - 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 Legend Gold Corp. 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.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Jane Curtis, Manager Corporate Affairs
Email: jcurtis@legendgold.com
Tel: 416.703.6348
or
Renmark Financial Communications Inc.
www.renmarkfinancial.com
Barry Mire: bmire@renmarkfinancial.com
Matthew Planche: mplanche@renmarkfinancial.com
Tel: 514.939.3989 or 416.644.2020
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.
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