Legacy GOLD Reports 1.2 G/T GOLD over 80FT (24.4M) and 0.79 G/T GOLD over 65FT (19.8M), ON New Holes from the 2025 Baner GOLD MINE Property Drilling Campaign IN Idaho
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www.legacygoldmines.com
TSX Venture: LEGY
LEGACY GOLD REPORTS 1.2 G/T GOLD OVER 80FT (24.4M) AND 0.79 G/T
GOLD OVER 65FT (19.8M), ON NEW HOLES FROM THE 2025 BANER GOLD
MINE PROPERTY DRILLING CAMPAIGN IN IDAHO
Calgary, Canada February 10, 2026
Legacy Gold Mines Ltd. (TSXV: LEGY) (the “ Company” or “ Legacy Gold ”) is pleased to report
assay results from three (3) new Reverse Circulation (RC) drill holes from its 2025 surface exploration
program on the Baner Gold Mine Property (the “Property”), in Idaho County, Idaho, USA , which is
optioned by the Company . The latest resu lts returned multiple intersections targeting the northern
portion of the previously drilled Main Zone on the Property (see Figures 1-3 below).
A total of 16 RC drill holes for 2,748m (9,068ft) were completed in the 2025 exploration program targeting
the Orogrande shear structure. The Company has now reported on assays from portions of eleven (11)
holes that indicate a wide and large near-surface active gold plumbing system.
“The timing of the drilling and receipt of assay results, together with the activity in the gold and silver
markets, encourage us we are building momentum for Legacy Gold shareholders,” said Brian Hinchcliffe
Legacy Gold’s CEO. “Heavy traffic at the regional labs has caused the assay results to be returned slower
than expected, but has given us more time to study the geology.”
“These multiple higher-grade intersections in the north end of the Main Zone complement well the very
wide lower-grade intersections to the south such as 0.59 g/t Au over 71.6m (235ft) in hole LG25-
004; 0.46 g/t Au over 108.2m (355ft) in hole LG25-002; and 0.32 g/t Au over 88.4m (290ft) in hole
25-005 (see the Company’s November 17, 2025 press release) . Our geologic understanding and
theories about the g old mineralization at the Baner Gold Mine Property and the surrounding land
position continue to develop,” said Mike Sutton, Legacy Gold’s VP Exploration. “The significance of
the gold grades and widespread nature of the intervals have led us to assay all footage drilled and
look forward to receiving the results.”
Highlights of Drilling:
• LG25-011 intersected 0.79 g/t Au over 19.8m (65ft), including 1.59 g/t Au over 7.6m (25ft) (and
ending with 0.92 g/t Au over 1.5m (5ft) followed by no sampling ); plus 0.25 g/t Au over 13.7m
(45ft) including 0.69 g/t Au over 1.5m (5ft); plus 1.0 g/t Au over 4.6m (15ft) including 2.33 g/t Au
over 1.5m (5ft).
• LG25-012 intersected 1.18 g/t Au over 24.4m (80ft), including 4.64 g/t Au over 3.0m (10ft) which
includes 6.0 g/t Au over 1.5m (5ft), and including 4.9 g/t Au over 1.5m (5ft); plus 0.76 g/t Au over
1.5m (5ft); plus 0.42 g/t Au over 3.0m (10ft)
• LG25-013 intersected 1.1 g/t Au over 9.1m (30ft), including 3.7 g/t Au over 1.5m (5ft) preceded
by no sampling
• See Assay Results table below for additional intercepts.
2025 Baner Drill Program
The 2025 Baner Drill Program focused on testing for continuity of high-grade and wide low-grade zones
of gold mineralization with a new flatter, east dipping interpretation of zones. This new interpretation is
reflective of all the other deposits in the area, as opposed to the vertical dip assumed by previous
operators, where mineralization is controlled by major structures that acted as conduits for gold-bearing
fluids. This would result in better continuity of mineralization, a far greater potential resource, and the strip
ratio in a production scenario would be greatly decreased.
A total of 16 RC holes were completed as part of the 2025 Baner Drill Program, for a total of 2,748m
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(9,068ft) of drilling, targeting the Main Zone of the Property along the Orogrande shear structure.
The drill results received to date, although in its early stages, reinforce the theory of a highly
prospective mineralized system on the Property. Preliminary results support the new interpretation of
flat dipping veins, with generally broader zones of mineralization encountered thus far.
Discussion of Results (LG25-011; 012; 013)
These three (3) drill holes returned multiple gold intersections:
• LG25-011 was designed to target 25m southwest and below an intersection (from previous
operators) of 8.7 g/t Au over 6 .3m (20.7ft), including 146.7 g/t Au over 0.3m (1ft) from hole
ICG2018-181. Hole LG25-011 intersected 0.79 g/t Au over 19.8m (65ft), including 1.59 g/t Au
over 7.6m (25ft) at 61m south of and below the 8.7 g/t Au over 6.3m (20.7ft) intersection. Further
sampling is being undertaken as the intersection ended with 0.92 g/t Au over 1.5m (5ft). Hole
LG25-011 also intersected 1.0 g/t Au over 4.6m (15ft) right at surface. It also intersected 0.25
g/t Au over 13.7m (45ft) midway down the hole , aligning between the 3.7 g/t Au over 5.3m
(17.4ft) targeted in hole LG25-012 and an intersection of 1.3 g/t Au over 21.2m (69.6 ft) from
hole ICG2018-091.
• LG25-012 was designed to target south of an intersection (from previous operators) of 3.7 g/t Au
over 5.3m (17.4ft), including 1 8.8 g/t Au over 1.0m (0.3ft) from hole ICG2018-161, to prove
the flatter dip interpretation. It did not intersect anything significant at 20m west of where the hole
went through the target - possibly due to it being faulted off. Hole LG25-012 intersected 1.18 g/t
Au over 24.4m (80 ft), including 4.64 g/t Au over 3.0m (10ft) which includes 6.0 g/t Au over 1.5m
(5ft), and including 4.9 g/t Au over 1.5m (5ft) at 20m southeast of and below an intersection (from
previous operators) of 4.8 g/t Au over 5.9m (19.4 ft), including 146.7 g/t Au over 0.3m (1ft) from
hole ICG2018-161. This is a much wider zone at lower grades that equates to almost identical
contained gold content (possibly due to RC drilling vs. core drilling). Hole LG25-012 also
intersected 0.76 g/t Au over 1.5m (5ft) plus 0.42 g/t Au over 3.0m (10ft) . This intersection does
suggest that the Company’s flatter dip interpretation is correct.
• LG25-013 was designed to target 25m above an intersection (from previous operators) of 8.7 g/t Au
over 6.3m (20.7 ft), including 146.7 g/t Au over 0.3m (1ft ) from hole ICG2018-181, to prove
the Company’s flatter dip interpretation. Hole LG25-013 intersected 1.1 g/t Au over 9.1m (30ft),
including 3.7 g/t Au over 1.5m (5ft) (preceded by no sampling) at 48m above the target. This hole
did not steepen like all the other holes and so likely did not cut through the entire targeted zone.
Nonetheless this intersection does also suggest that the Company’s flatter dip interpretation is
correct.
Both holes LG25-011 and LG25-013 are too far away from the target to draw much of a conclusion on
continuity of the higher grades (and they may be out of the high-grade plunge).
Note 1: These intercepts were drilled by Idaho Champion Gold, see Technical Report (defined below) for additional
information.
Table 1: 2025 Baner Drill Program - Assay Results
Hole ID From To Intercept From To Intercept Au
(m) (m) (m) (ft) (ft) (ft) (g/t)
LG25-011 0.0 4.5 4.5 0.0 15 15 1.0
including 0.0 1.5 1.5 0.0 5 5 2.33
9.1 10.7 1.6 30 35 5 0.34
18.3 36.6 18.3 60 120 60 NS
41.1 54.9 13.8 135 180 45 0.25
including 48.8 50.3 1.5 160 165 5 0.69
70.1 71.6 1.5 230 235 5 0.27
89.9 91.4 1.5 295 300 5 0.26
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Hole ID From To Intercept From To Intercept Au
(m) (m) (m) (ft) (ft) (ft) (g/t)
108.2 115.8 7.6 355 380 25 NS
135.6 141.7 6.1 445 465 20 NS
143.3 163.1 19.8 470 535 65 0.79
including 143.3 150.9 7.6 470 495 25 1.59
163.1 172.2 9.1 535 565 30 NS
LG25-012 32.0 35.1 3.1 105 115 10 0.42
36.6 51.8 15.2 120 170 50 NS
54.9 56.4 1.5 180 185 5 0.22
57.9 79.2 21.3 190 260 70 NS
79.2 80.8 1.6 260 265 5 0.40
85.3 86.9 1.6 280 285 5 0.76
89.9 117.3 27.4 295 385 90 NS
123.4 147.8 24.4 405 485 80 1.18
including 125.0 138.7 13.7 410 455 45 1.90
including 125.0 126.5 1.5 410 415 5 4.9
including 134.1 138.7 4.6 440 450 10 4.64
including 134.1 137.2 3.1 440 445 5 6.0
LG25-013 7.6 10.7 3.1 25 35 10 0.21
10.7 32.0 21.3 35 105 70 NS
36.6 38.1 1.5 120 125 5 0.18
41.1 59.4 18.3 135 195 60 NS
64.0 76.2 12.2 210 250 40 NS
85.3 86.9 1.6 280 285 5 0.20
88.4 102.1 13.7 290 335 45 NS
102.1 103.6 1.5 335 340 5 0.19
106.7 141.7 35 350 465 115 NS
141.7 150.9 9.2 465 495 30 1.08
including 141.7 143.3 1.6 465 470 5 3.7
155.4 157.0 1.6 510 515 5 0.28
Notes: NS= not sampled; Composite intersections are calculated using a 0.2 g/t cutoff for gold with 10 m internal dilution.
True widths are unknown until zone dips are proven. Only visually altered samples were sent for assay; assaying was
only for gold.
Table 2: Drill Hole Coordinates
Hole ID Azimuth Dip Northing Easting Total Depth
(m)
Total Depth
(ft)
LG25-011 240 -45 615372 5069814 172.210 565.0
LG25-012 241 -73 615376 5069817 147.830 485.0
LG25-013 124 -55 615182 5069816 160.020 525.0
Geology and Mineralization
The belt of mineralization that traces through the Elk City and Orogrande mining districts is known as
the Orogrande Shear Zone, and is estimated to be between 100 -200 m wide, with a general NNE
trend. Gold mineralization occurs along this zone in numerous prospects and small historic mines.
Most of the mineralization appears to be along R iedel shear structures that cross over between two
bounding major north -south structures along the Orogrande Shear Zone . In general, higher grade
historical mining was undertaken on narrow zones of strong sericite -silica-carbonate alteration and
quartz veins. Intrusion-related structurally controlled mineralization has been suggested previously. At
the Property, the predominant host rock is quartzite, with some biotite gneiss also present.
Review by Qualified Person
Mr. Mike Sutton, P.Geo., Director and VP of Exploration of the Company, is the Qualified Person, as
defined under National Instrument 43 -101 - Standards of Disclosure for Mineral Projects , who
reviewed and approved scientific and technical disclosure in this press release. The Qualified Person
has not reviewed the mineral tenure, nor independently verified the legal status and ownership of the
Property or any underlying property agreements.
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Drilling and Sampling: Drilling was carried out using a Foremost -built tracked MPD1500 RC drilling
unit, the rig has jacks and a blade and is capable of working on small pads on steep ground to minimize
ground prep. Drilling to final hole depth was completed using 4 -inch pipe and a 5 1/4 inch bit. Holes
were cased down to approximately 7.6m (25ft) with 8-inch steel casing drifted -in using a tricone bit.
RC drilling uses a hammer and at depth below groundwater level a tricone bit was sometimes used.
RC drilling was done wet, with water actively pumped down the hole, mixing with pulverised sample,
and coming through the cyclone to an 8 -compartment rotary fan wet splitter. Each compartment can
be shut off giving control of the amount of split material. Rotary splitter was set up with 1:2 split, with
the half split going into a calico bag housed in a bucket for an assay sample. The remainder of the
sample falls to the ground and runs into the sump. Each assay sample is for a 1.52m (5ft) interval.
The splitter and cyclone are flushed every 4 samples or upon noticing a change in color. Chips were
collected from the splitter reject and put into chip trays for reference.
Bar-coded Calico bags are pre-labelled, and a corresponding sequential from-to depth is pre-recorded
in a spreadsheet. Quality control samples are included in the numerical sequence with B, S, or D
designations for blanks, standards, and duplicates. The d rilling team is responsible for changing the
bags and regular company supervision and cross -checks on sample numbers and intervals avoids
sample mix-ups. Filled sample bags are laid on the ground in order so a visual check can be easily
performed when collecting samples.
Samples are dispatched to the ALS Global prep -lab in Twin Falls, Idaho, USA with final gold assays
completed in Reno, Nevada. The lab has ISO/IEC 17025 accreditation. All samples are assayed for
gold by Fire Assay, with gravimetric finish. The Company's Q A/QC program includes the regular
insertion of blanks and standards into the sample shipments. Duplicates were prepared on -site with
a riffle splitter. Standards, blanks and duplicates are inserted at approximately one per 15 samples.
About Legacy Gold Mines Ltd.
The Company is a Canadian -based gold exploration and development company that is listed on the
TSX Venture Exchange under the symbol “LEGY”. The Company holds an option to acquire a 100%
undivided interest in and to the mineral claims comprising the Property located in Idaho County, Idaho,
USA.
Additional information about the Company and the Property is available on SEDAR+ at
www.sedarplus.ca 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 August 1, 2024, prepared by
Steven A. Osterberg, Ph.D., P.G. (the “Technical Report”).
For further information, please contact:
Legacy Gold Mines Ltd.
Brian Hinchcliffe, Executive Chairman and Chief Executive Officer
Telephone: +1 (587) 327-9815
Email: [email protected]
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This press
release includes certain "forward-looking statements" under applicable Canadian securities legislation.
Forward-looking statements include, but are not limited to, timing and completion of any exploration,
drilling and work programs on the Prop erty, estimates of mineralization from drilling, sampling and
geophysical surveys, geological information projected from drilling and sampling results and the
potential quantities and grades of the target zones, the potential for minerals and/or mineral resources
and reserves, and statements regarding the plans, intentions, beliefs, and current expectations of the
Property and the Company that may be described herein. Forward -looking statements con sist of
statements that are not purely historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such information can generally be identified by the use
of forward-looking wording such as “may”, “expect ”, “estimate”, “anticipate”, “intend”, “believe” and
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“continue” or the negative thereof or similar variations. Readers are cautioned not to place undue
reliance on forward -looking statements, as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to the possibility that the predictions,
estimates, forecasts, projections and other forward -looking statements will not occur. These
assumptions, risks and uncertainties include, among other things, the state of the economy in general
and capital markets in particular, as well as those risk factors discussed in the Filing Statement of the
Company dated effective September 19, 2024 or referred to in the Company's annual Management's
Discussion and Analysis for the year ended December 31, 2024 and the period ended September 30,
2025 available at www.sedarplus.ca, many of which are beyond the control of the Company. Forward-
looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press
release. Except as required by law, the Company disclaims any intention and assumes no obligation
to update or revise any forward -looking statements, wheth er as a result of new information, future
events or otherwise. Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service 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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Figure 1: Plan View - 2025 Baner Drill Results
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Figure 2: Section View - 2025 Baner Drill Results
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Figure 3: Cross Section (Looking North)– LG25-011, LG25-012, LG25-013