Australia

Legend Mining managing director shows faith in companys mining strategy with $59,600 share purchase

Legend Mining Ltd (ASX:LEG) managing director Mark Wilson has demonstrated faith in the companys mining strategy through the purchase of shares worth $59,600 in an on-market transaction.

Exploration budget doubles

Legend recently doubled its exploration budget to $8 million for 2020 after receiving promising drilling results from the Mawson prospect within the wider Rockford Project in Western Australia.

The results from the 1,423 metre diamond drilling program found significant intersections in drill hole RKD007, returning 70.15 metres at 0.52% nickel, 0.36% copper and 0.03% cobalt including 14.9 metres at 1.07% nickel, 0.75% copper and 0.06% cobalt.

The funding for the $8 million explRead More – Source