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Last C$0.08 CAD
Change Today -0.005 / -6.25%
Volume 10.0K
LGN On Other Exchanges
As of 1:34 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

legend gold corp (LGN) Snapshot

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52 Week High
07/18/14 - C$0.32
52 Week Low
10/31/14 - C$0.05
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legend gold corp (LGN) Details

Legend Gold Corp. is engaged in the acquisition, exploration, and development of mineral properties in the Republic of Mali and the Republic of the Congo. It primarily mines for gold and copper deposits. The company holds interests in 20 exploration properties covering an area of approximately 2,500 square kilometers. Its property portfolio comprises Lakanfla gold project, Diba-Badiazila project, and Randgold properties located in Western Mali; Tiekoumala and Mougnina projects, and Mogoyafara exploration permit located in Southern Mali; and Kingouala and Reneville exploration permits located in Congo. The company was founded in 1997 and is headquartered in Vancouver, Canada.

Founded in 1997

legend gold corp (LGN) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$5.8K
Vice President of Business Development
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

legend gold corp (LGN) Key Developments

Legend Gold Corp. Auditor Raises 'Going Concern' Doubt

Legend Gold Corp. filed its Annual on Apr 08, 2015 for the period ending Dec 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Endeavour Mining May Buy Or Sell Legend Securities

Endeavour Mining Corporation (TSX:EDV) may in the future acquire or dispose of securities of Legend Gold Corp. (TSXV:LGN) through the market, privately or otherwise, as circumstances or market conditions warrant.

Legend Gold Corp. Announces Gradient-Array IP Survey Results Upgrade Drill Targets on Lakanfla Project

Legend Gold Corp. has completed its review of the recent gradient-array IP survey which has upgraded the potential karst-related oxidized gold targets on the Lakanfla Project, consisting of the Lakanfla and Tinntiba exploration permits. The gradient-array IP survey at the Lakanfla Project was completed in mid-July 2014 and covered 37 sq km which included all of the Lakanfla exploration permit, and a significant portion of the Tinntiba exploration permit. The review combined the geophysical data with data from termite mound and soil gold geochemistry, data from previous drilling campaigns as well as regional geology, airborne magnetics and ground gravity data. Six targets have been outlined based on a coincidence of structures intersecting gravity lows (Lakanfla Gravity Compilation). Early drilling indicates that some of these targets in part show thickened laterite cover and karst-fill sediments suggesting holes did not reach basement and consequently did not reach the target zone. The main gravity lows are also coincident with localized strong resistivity lows (Lakanfla IP Resistivity). The coincidence of the geophysical characteristics, geochemical indicators, and lithological features, greatly enhance the potential for karst-fill mineralization. The genetic model is based on the Yatela Mine (approximately 1.8 M oz historical gold production as reported on the owners' website) which is in similar geology as well as some of the Sadiola Mine satellite orebodies, FE3 and FE4, located about 15 km to the north. Both the Yatela Mine and the Sadiola Mine are owned by a joint venture of AngloGold Ashanti, IAMGOLD and the government of Mali. The exploration model (Lakanfla Karst Model Gold Enrichment) envisages mineralized structures intersecting favorable carbonate host rocks (Kofi Group) on the Lakanfla exploration permit. At such intersections, structures become the preferential locus of carbonate rock dissolution and collapse (karsts) giving rise to residual concentrations of oxide gold mineralization in the karst. At Lakanfla, the presence of a 1 km long artisanal mining area in Kofi Group calcareous siltstones adjacent to a major gravity low, as well as, known mineralization trending into the gravity lows, reinforces the exploration potential of the karst-enrichment model. The results greatly enhance the exploration potential of the karst-enrichment model and Legend is evaluating various options to explore these exciting targets, which lie 15 km southeast of the Sadiola Mine mill, either on its own behalf or with a joint venture partner.


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