LEGACY INTERSECTS BROAD ZONE OF GOLD MINERALIZATION IN EARLY DRILLING AT THE BANER PROPERTY IN IDAHO 1.0 g/t Gold over 16.8 Metres (55 Feet), included within a broad intersection of 0.46 g/t Gold over 108.2 Metres (355 Feet)
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www.legacygoldmines.com
TSX Venture: LEGY
LEGACY INTERSECTS BROAD ZONE OF GOLD MINERALIZATION
IN EARLY DRILLING AT THE BANER PROPERTY IN IDAHO
1.0 g/t Gold over 16.8 Metres (55 Feet), included within a broad
intersection of 0.46 g/t Gold over 108.2 Metres (355 Feet)
Calgary, Canada October 16, 2025
Legacy Gold Mines Ltd. (TSXV: LEGY) (the “Company” or “Legacy Gold”) is pleased to report initial results
for two (2) Reverse Circulation (RC) drill holes ta rgeting the Main Zone on t he Baner property (the “Baner
Gold Mine Property” or the “Baner Property”), in Idaho County, Idaho, USA. The first two holes returned
multiple gold intersections from t he east-west Baner vein system in the southern portion of the north-south
Orogrande shear structure (see Figure 1 - Plan View-2025 Baner Drill Results).
“These intersections are along one of the three mineralized systems on the Baner Property. A textbook shear
system is interpreted to be present, similar to m any deposits worldwide,” said Mike Sutton, Legacy Gold’s
VP Exploration. “There are three main orientations to zones; steep north-south along the main structures;
flat dipping east-dipping Riedel Shear related mineralization (like the Ma in Zone); and east-west veins (like
the Baner vein system). The big low-grade halo from these first two holes opens up the Baner Gold Mine
Property and its opportunity.”
Drill hole LG25-002 encountered a broad zone of mineralization, 0.46 g/t Au, over 108.2 m or 355 ft, which
included various non-sampled gaps totaling 19.8 m (65 ft) that were given zero grade. The first set of results
are encouraging, and the low-grade halo width is be tter than expected. Combined with the soil anomalies,
historical drilling and adits in this area, this suggests a 1,000 m east-west by 1,800 m north-south target area
(3,281 ft by 5,906 ft). Follow-up drilling will be necessary to determine the orientation of the mineralization.
“It’s commercially exciting to be drilling for gold in hi storic mining districts when the in-situ value hovers
around US$130 per gram at current gold prices.,” said Brian Hinc hliffe, Legacy Gold’s CEO. “The drilling
results in these first holes are the widest recorded gold zones in the history of drilling on the Baner Property.”
Highlights
LG25-002 intersected 0.46 g/t Au over 108.2 m (355 ft), including 1.00 g/t Au over 16.8 m (55 ft), 0.55
g/t Au over 24.4 m (80 ft), and 0.43 g/t Au over 44.2 m (145 ft), and ended in mineralization at a
vertical depth of 120 m (see Figure 2-Cross Section-LG25-001; 002 Results).
LG25-002 was drilled down-hill, and the end of hole minera lization is only 120 m vertical from surface.
LG25-001 intersected 1.80 g/t Au over 7.6 m (25 ft), 0.48 g/t Au over 12.2 m (40 ft), 0.54 g/t Au over
9.1 m (30 ft) (see Figure 2 - Cross Section-LG25-001; 002).
The drill holes were only sampled where quartz veini ng or weak sulphides were present, and those gaps
were calculated as zero when compiling the composites. Given the positive results, Legacy Gold expects
to undertake follow-up sampling.
See Assay Results table bel ow for additional intercepts.
Baner 2025 Drill Program
The 2025 surface drill program at the Baner Gold Mine Property focused on testing for continuity of high-grade
and wide low-grade zones of mineralization with a new flatter-dipping interpretation of zones controlled by major
structures that acted as conduits for gold bearing fluids. This would result in better continuity of mineralization,
the potential resource can be far greater, and the strip ratio would be greatly decreased.
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A total of 16 RC holes were completed as part of the 2025 drill program, for a total of 2,765 m (9,068 ft) of drilling,
targeting the Main Zone along the Orogrande shear structure. The Company approached this drill program with
financial prudency and made the decision to only sample sections where there were quartz veining or low
sulphides. As assay results are received, Legacy Gold may opt to sample additional sections and will provide
updates as the information becomes available.
The first two holes were drilled south, through known east-west Baner veining and a co-incident wide east-
west soil anomaly (at the junction with a north-south soil anomaly). No previous drilling crossed the Baner
system, and these holes were considered wildcat holes with low expectations.
Previous drilling, north of these first 2 holes, had limited sampling take place around strong veining, which returned
high grade intersections of 8.7 g/t Au over 6.3 m (21 ft), 5.8 g/t Au over 12.65 m (42 ft), and 4.8 g/t Au over 5.9
m (19 ft). Legacy Gold will look to sample what was left out of the previous drill campaigns, and what was not
sampled in the drilling this year. See the Technical Report (defined below) for additional information.
LG25-001 was drilled downhill to the south-west. It intersected 6 zones including 1.80 g/t Au over 7.6 m (25 ft),
0.48 g/t Au over 12.2 m (40 ft), 0.54 g/t Au over 9.1 m (30 ft). Only 6 m (20 ft) out of the first 96 m (315 ft)
were sampled, but holes drilled by a previous operator (at the same collar but oriented to the west, and sub-
parallel to the Baner vein system) intersected up to 0.94 g/t Au over 5.0 m (15ft) close to surface.
LG25-002 was drilled downhill to the south and ended in mineralization at a vertical depth of 125 m from surface.
This hole encountered a broad zone of mineralization returning 0.46 g/t Au over 108.2 m (355 ft), which includes
various unsampled gaps which total 19.8 m (65 ft), which were assigned a grade of zero. The 108.2 m (355 ft)
intersection includes 1.00 g/t Au over 16.8m (55ft), 0.55 g/t Au over 24.4m (80ft), and 0.43 g/t Au over
44.2m (145ft).
If the zero assigned grades were removed from within this 108.2 m (355 ft) composite, the grade of what was
actually sampled would be 0.57 g/t Au. There are assays before and after the unsampled intervals that include
1.51 g/t Au, 0.72 g/t Au, 0.64 g/t Au, and 0.53 g/t Au. Two other intersections are present between surface and
the first sampled interval. The top 80.8 m (265 ft) was not sent for assay, but holes drilled by a previous
operator (at the same collar but oriented to the west, and sub-parallel to the Baner vein system) intersected
up to 0.94 g/t Au over 5.0m ( 15ft) close to surface. See Technical Report (defined below) for additional
information.
Table 1: Assay Results
Hole ID From To Intercept From To Intercept Au
(m) (m) (m) (ft) (ft) (ft) (g/t)
LG25-001 0.0 12.2 12.2 0 40 40 NS
13.7 16.8 3.0 45 55 10 0.18
18.3 96.0 77.7 60 315 255 NS
96.0 100.6 4.6 315 330 15 0.30
102.1 108.2 6.1 335 355 20 NS
109.7 117.3 7.6 360 385 25 1.80
incl. 109.7 112.8 3.1 360 370 10 2.70
117.3 125.0 7.6 385 410 25 NS
125.0 135.6 10.7 410 445 35 0.37
incl. 132.6 135.6 3.0 43 5 44 5 10 0.8 2
137.2 143.3 6.1 450 470 20 NS
153.9 155.4 1.5 505 510 5 0.20
155.4 163.1 7.6 510 535 25 NS
166.1 167.6 1.5 545 550 5 0.35
172.2 181.4 9.1 565 595 30 0.54
incl. 172.2 173. 7 1. 5 56 5 570 5 1.90
182.9 187.5 4.6 600 615 15 NS
187.5 192.0 4.6 615 630 15 0.23
195.1 201.2 6.1 640 660 20 NS
201.2 213.4 12.2 660 700 40 0.48
incl. 204.2 205.7 1.5 670 675 5 0.93
213.4 221.0 7.6 700 725 25 NS
LG25-002 0.0 80.8 80.8 0 265 265 NS
91.4 97.5 6.1 300 320 20 0.47
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Hole ID From To Intercept From To Intercept Au
(m) (m) (m) (ft) (ft) (ft) (g/t)
106.7 120.4 13.7 350 395 45 NS
129.5 132.6 3.0 425 435 10 0.37
132.6 141.7 9.1 435 465 30 NS
149.4 152.4 3.0 490 500 10 0.41
152.4 158.5 6.1 500 520 20 NS
158.5 182.9 24.4 520 600 80 0.55
incl. 158.5 160.0 1. 5 520 52 5 5 1.51
182.9 190.5 7.6 600 625 25 NS
190.5 207.3 16.8 625 680 55 1.0
207.3 213.4 6.1 680 700 20 NS
213.4 257.6 44.2 700 845 145 0.43
incl. 216.4 219. 5 3.1 710 720 10 0.9 7
incl. 236.2 237. 7 1. 5 77 5 780 5 1.3 3
149.4 257.6 108.2 490 845 355 *0.46
Notes: NS= not sampled; * includes “0” grade for 65 ft of non sampled intervals; Composite intersections are calculated using a 0.2 g/t cutoff
for gold with 10 m internal dilution. True widths are unknown. 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)
LG25-001 224 -45 615400 5069285 221.0 725
LG25-002 185 -45 615404 5069278 257.6 845
Geology and Mineralization
The belt of mineralization that trac es through the Elk City and Orogrande mining districts is known as the
Orogrande Shear Zone (“OSZ”), and is estimated to be between 100-200 m wide, with a general NNE trend.
Gold mineralization occurs along th is zone in numerous prospects and sm all historic mines. Most of the
mineralization appears to be along Rei del shear structures that cros s over between two bounding major
north-south structures along the OSZ. In general, higher grade histor ical mining was undertaken on narrow
zones of strong sericite-silica-carbonate alteration and quartz veins. Intrus ion-related structurally controlled
mineralization has been suggested previously. At the Baner Gold Mine Property, the predominate 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 t he legal status and ownership of t he Baner Gold Mine Property or any
underlying property agreements.
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 51/4 inch bit. Holes were cased down to
approximately 25ft with 8-inch steel casing drifted-in using a tricone bit. RC dr illing 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 f an wet splitter. Each compartment can be shut off
giving control of the amount of split material. Rotary splitter was setup 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 1.52 m (5 ft) 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.
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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 dup licates. The drilling team is responsib le for changing the bags and regular
company supervision and cross-checks on sample num bers 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 QA/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 Baner Gold Mine Property located in Idaho County, Idaho,
USA.
Additional information about the Co mpany and the Baner Gold Mine Prop erty is available on SEDAR+ at
www.sedarplus.ca under the Company’s profile, including a techni cal 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 st atements" under applicable Canadian se curities legislation. Forward-
looking statements include, but are not limited to, timing and completion of any exploration, drilling and work
programs on the Baner Gold mine Property, estimates of mineralizat ion from drilling, sampling and
geophysical surveys, geological information project ed 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, in tentions, beliefs, and current expec tations of the Baner Gold Mine
Property and the Company that may be described herein. Forward-looking statements consist of statements
that are not purely historical, incl uding any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such information can generally be identified by the use of forwarding-looking wording
such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “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 assu mptions, known and unknown risks and
uncertainties, both general and specific, that cont ribute to the possibility that the predictions, estimates,
forecasts, projections and other fo rward-looking statements will not o ccur. 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 Stat ement of the Com pany 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 per iod ended June 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 Co mpany disclaims any int ention and assumes no obligation to update or
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revise any forward-looking statements, whether as a result of new inform ation, 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-Cross Section-LG25-001; 002 Results