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Legacy Gold Mines Ltd
Symbol LEGY
Shares Issued 61,111,423
Close 2026-04-30 C$ 0.95
Market Cap C$ 58,055,852
Recent Sedar+ Documents

Legacy Gold Mines to begin 2026 Baner drill program

2026-04-30 18:43 ET - News Release

Mr. Brian Hinchcliffe reports

LEGACY GOLD TO COMMENCE DIAMOND DRILLING AT BANER GOLD MINE PROPERTY, IDAHO, THE WEEK OF MAY 11

Phase 1 of Legacy Gold Mines Ltd.'s 2026 drill program, consisting of diamond drilling on the Baner gold mine property in Idaho county, Idaho, United States, is targeting start-up the week of May 11, 2026. This 2026 drill program targeting 40,000 feet (12,194 metres) of drilling, will commence with approximately 12,000 feet (3,658 metres) of diamond drilling and will be followed with approximately 28,000 feet (8,536 metres) of reverse circulation drilling. The 2026 drill program is designed to follow up on the previously announced, successful 2025 drill results targeting the Main zone and NE zone at the Baner property as well as new exploration targets indicated by large gold-in-soil anomalies coincident with geophysical conductors similar magnetic highs similar to those associated with the Main zone.

"The Legacy Gold team has been working diligently with its contractors to mobilize two diamond drills for a dynamic phase 1 start-up, taking full advantage of seasonal light," said Brian Hinchcliffe, chairman and chief executive officer of Legacy Gold. "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, stepout and exploration drilling aimed at delineating a maiden mineral resource on the Baner property in late Q4 2026 or early Q1 2027."

An RC drill contractor has been engaged for the phase 2 of the 2026 drill program, which is expected to commence during the summer of 2026, after the phase 1 diamond drill program has been completed. The RC drill plan includes holes from previously permitted drill pads, some of which were used during the 2025 drill campaign, and certain new drill pads for which permits are expected during the first week of May, 2026.

The company intends to conduct additional work and technical studies to evaluate whether sufficient data may be obtained to complement a future mineral resource estimate that the company hopes to undertake. This may include metallurgical test work, deportment studies and airborne geophysics (for follow-up exploration).

Review by qualified person

Mike Sutton, PGeo, director and vice-president, exploration, of the company, is the qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, who has reviewed and approved the scientific and technical disclosure contained in this press release. Mr. Sutton has not reviewed the mineral tenure or independently verified the legal status or ownership of the Baner property or any underlying property agreements.

About Legacy Gold Mines Ltd.

The company is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol LEGY. The company holds an option to acquire a 100-per-cent undivided interest in the mineral claims comprising the Baner property, located in Idaho county, Idaho, United States.

The Baner property sits within the historic Orogrande gold mining district that hosts numerous gold deposits and gold mines along geologic structures that have hosted gold production since Idaho's first gold rush in the late 1800s.

Additional information about the company and the Baner property is available on SEDAR+ under the company's profile, including a technical report titled "NI 43-101 Technical Report on the Baner Project, Idaho County, Idaho, USA," dated effective Aug. 1, 2024, prepared by Dr. Steven A. Osterberg, PhD, PG.

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