Calgary, Alberta--(Newsfile Corp. - July 9, 2026) - Legacy Gold Mines Ltd. (TSXV: LEGY) (the "Company" or "Legacy Gold") reports progress on its 2026 Exploration Plan to drill 40,000 feet at the Baner Gold Mine Property in Idaho County, Idaho, USA (the "Baner Property"). The first phase of the program was to strategically core drill the first 12,000 feet (3,658 meters) and then use reverse circulation ("RC") to drill the remaining 28,000 feet (8,536 meters). This program follows up on the successful 2025 results by targeting both the Main and Northeast Zones, as well as new exploration targets to the Northwest indicated by large gold-in-soil anomalies coincident with geophysical conductors and similar magnetic highs as are in the Main Zone.
"There is no shortage of challenges facing any drilling program in the US in 2026, but Legacy's team has worked their way through them so far, and we are of course excited to receive the all-important assays shortly," said Brian Hinchcliffe, Chairman and CEO of Legacy Gold. "Meanwhile, one core drill remains on site to complete the remaining holes in and around the Main Zone, while RC drilling has now commenced and the Company continues to advance parallel technical work and projects relevant to its visualization of potential future production scenarios."
"We are excited that preliminary results from the MT geophysical survey flown last month confirm and expand on the known targets and has delineated several strong new target areas," said Mike Sutton, VP Geology. "The biggest conductive target appears to be between the Northwest extension and the Northeast Zone. A map and 3D of the conductive anomalies will be released once Legacy Gold receives the final data."
Magnetotellurics is a passive electromagnetic system designed to measure resistivity/conductivity of the Earth and is especially useful for penetrating to deeper levels than comparable geophysical methods. The aim of the recently completed survey is to identify conductors beneath the water table that may represent the sulphide equivalent of the Baner Property's oxide mineralization. The objective is to determine whether there are significant concentrations of sulphides which may suggest best places to drill for oxides above and also assist in identifying the depth of potential intrusive fluid sources for the overlying gold. The survey was flown by Expert Geophysics Limited at 100 m line spacing using their MobileMT system and included airborne magnetics.
To date, nine (9) core holes have been drilled, with two (2) more pending: one (1) exploration hole to the west; two (2) holes at the south end of the Main Zone and Baner Zones; three (3) holes up the hill in the western portion of the Main Zone; two (2) holes were drilled at the north end of the Main Zone; and one (1) hole was drilled in the west portion of the Northeast Zone.