Legend Gold Corp.

Published : November 28th, 2011

Commences Diamond Drilling at the Lakanfla Gold Project, Western Mali

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Keywords :   Diamond | Gold | Gold Mine | K Street | Mali |

36 Toronto Street, Suite 1000
Toronto, ON M5C 2C5

T 416.703-6348
F 416.703-6507

www.legendgold.com

NEWS RELEASE (TSX.V:LGN) 2011- #01

Legend Gold Commences Diamond Drilling at the Lakanfla Gold Project, Western Mali

Plans to Drill Minimum of 500 Metres to Test High Grade Intersections At Zone 1

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2011) - Legend Gold Corp. (the "Company" or "Legend Gold") (TSX VENTURE:LGN) is pleased to announce that Diamond drilling at Zone 1 at our Lakanfla gold project ("Lakanfla") in western Mali has commenced. Drilling from the program is designed to test the geological and structural setting on section 8,400 north at Zone 1. Legend's Lakanfla project is located adjacent to the Sadiola Gold Mine ("Sadiola" owned by AngloGold Ashanti, IAMGOLD, and SEMOS).

Selected assays from previous reverse circulation drilling ("RC") (see press release dated June 14, 2011) are set out in the table below:

  • Intersection of 7 metres of 9.53 gpt Au from Hole 11LKRC-005 in Zone 1 (section 8,400 north), including 2 metres of 32.58 gpt Au 

  • Intersection of 3 metres of 2.98 gpt in Hole 11LKRC-006 in Zone 1 (section 8,400 north)

All holes will be oriented to 270� azimuth to a maximum depth of 100 metres. The current drill program will add to the Company's understanding of the style and orientation of gold mineralization at Zone 1. Planning and scheduling of a new RC program of infill drilling at zone is dependent, in part, on results of the current Diamond drill program. Oxidation typically occurs to a depth of approximately 90 metres within the mineralized zone, so all reported gold intercepts are within the zone of oxidation.

Doug Perkins, Legend Gold's President and CEO, said, "This will be the first Diamond drilling undertaken at Zone 1 where high-grade gold mineralization occurs within a broad shear zone of lower-grade gold, which is approximately 50 metres wide. Legend's RC drilling during May and June 2011 has extended Zone 1 from 350 to over 500 metres in length. We are very encouraged by this widespread gold mineralization at Zone 1 and look forward to expanding our drill program this winter after completion of this phase of Diamond drilling."

Lakanfla is located adjacent to the Sadiola Gold Mine. Mineralization at Zone 1 is oxidized and described from rock chips as silicified zones within metapelite. This is consistent with mineralization described at the Sadiola's FE3/FE4 satellite pit, which is located four kilometres north of Lakanfla (see press release June 14, 2011). 

Mr Perkins went on to say, "This drill program is just the early stage of our goal to explore and develop Lakanfla. This property is located adjacent to the operatingFE3/FE4 pit at the Sadiola Gold Mine, which has produced in excess of one million ounces. Grades reported by AngloGold Ashanti, operator of Sadiola, indicate approximate head grades of 2.25 gpt at FE3/FE4. Based on successful results from drilling, Legend Gold will begin infill drilling of Zone 1 in Q1 2012 with high expectations to repeat the success seen at Sadiola's FE3/FE4 ore body. We are very excited to believe that, with continued success at Lakanfla, the opportunity exists for Legend to develop its first gold mining operation in Mali."

Qualified Person

This news release has been reviewed and verified by H. Andrew Daniels, P. Geo, a Qualified Person as defined by National Instrument 43-101. Mr. Daniels has over 25 years of mineral exploration and mining experience, is a Licensed Professional Geologist in the Province of Ontario and a member in good standing.

About The Company

Legend Gold is a mineral exploration and development company focused on exploring for gold in the Republic Of Mali, West Africa. Our four main projects are theLakanflaTiekoumalaMougnina, and Mogoyafara projects. In recent years, Legend has made significant gold discoveries on the Tiekoumala project located in Southern Mali, and the Lakanfla project located in Western Mali. Legend Gold has 65,431,324 common shares issued and outstanding (79,691,324 shares on a fully diluted basis). Please visit our website www.legendgold.com to for more information about our projects.

This news release may contain forward-looking statements that are based Legend Gold Corp.'s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Legend Gold Corp. 
Douglas Perkins 
President & CEO 
416.703.6348 
dperkins@legendgold.com

Data and Statistics for these countries : Mali | All
Gold and Silver Prices for these countries : Mali | All

Legend Gold Corp.

EXPLORATION STAGE
CODE : LGN.V
ISIN : CA6573301067
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Legend Gold is a gold exploration company based in Canada.

Legend Gold holds various exploration projects in Mali and in Niger.

Its main exploration properties are DALAKAN, DIOKEBA, KANTELA, KOUROUBA, MASSALA, SITAKILI and FT GOLD in Mali and ABELAJOUAD, ASSAOUAS 1 and ASSAOUAS 2 in Niger.

Legend Gold is listed in Canada. Its market capitalisation is CA$ 47.0 millions as of today (US$ 34.2 millions, € 32.1 millions).

Its stock quote reached its highest recent level on December 24, 2010 at CA$ 4.80, and its lowest recent point on July 13, 2017 at CA$ 0.02.

Legend Gold has 52 263 358 shares outstanding.

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Annual reports of Legend Gold Corp.
Annual Report 2007
2006 Annual Report
Financings of Legend Gold Corp.
1/10/2012Closes Non-Brokered Private Placement for Proceeds of $1 Mil...
8/28/2009Closes First Tranche of Non-Brokered Private Placement
6/23/2009Proposed Equity private placement to raise up to $256,000
6/27/2008ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE P...
5/13/2008Proposed Equity Private Placement to Raise up to $1
Nominations of Legend Gold Corp.
10/24/2011Appoints Douglas Perkins As President & CEO
5/26/2011Shareholders Elect New Directors May 24, 2011
Financials of Legend Gold Corp.
8/7/2009Issues Financial Statements and MDA for the Second Quarter o...
11/14/2008Issues Financial Statements and MD&A for the Third Quarter o...
8/14/2008Issues Financial Statements and MDA for the Second Quarter
Project news of Legend Gold Corp.
2/14/2012(Lakanfla)Releases Detailed Look at Lakanfla Zone 4 Gold Discovery, We...
1/20/2012Completes Acquisition of Mougnina Property
11/28/2011(Lakanfla)Commences Diamond Drilling at the Lakanfla Gold Project, Wes...
10/12/2011Closes Key Gold Property Acquisition In Republic Of Mali, We...
9/6/2011Acquires Key Gold Property in Republic of Mali, West Africa
6/14/2011(Lakanfla)Announces First Results from Lakanfla Drilling Program, Zone...
5/5/2011(Lakanfla)Commences Drilling at the Lakanfla Gold Project, Western Mal...
3/31/2011(Lakanfla)Legend Gold Mobilizes Rig for Drill Program at the Lakanfla ...
7/29/2010(Ft Gold)Confirms 400 Metres of Southeast and Northwest Strike Extens...
6/30/2010(Ft Gold)Drills Intercepts at the FT Gold Project in Southern Mali
3/4/2008(Kourouba)Drilling Results From the Kourouba Gold Project
Corporate news of Legend Gold Corp.
4/15/2015Legend Announces the Sale of Tabakorole to a Private (Ontari...
9/20/2013Announces Final Technical Reports Received for Posting on Se...
9/10/2013Announces Appointment of Directors and Setting of Stock Opti...
9/4/2013Completes Share Consolidation
7/11/2013Company Receives Requisite Shareholder Consent to Creation o...
5/15/2013Announces Proposed Acquisitions and Financing
10/1/2012to Issue Shares for Debt
2/8/2012(Lakanfla)’s Initial Trench Results Lakanfla Zone 4
1/31/2012(Lakanfla)Discovers New Mineralized Zone 13 Meters of 3.42 GPT at Laka...
12/20/2011wishes you the best for the holiday season!
8/17/2011(Lakanfla)Extends Zones 1 & 2 at Lakanfla – Encouraging Results Prompt...
7/6/2011Announces New Member of Board and Issues Incentive Stock Opt...
6/28/2011Announces Proposed Acquisition of Mougnina Exploration Prope...
6/15/2011is included twice in today's Gold Report Newsletter
6/1/2011Win 2 nights stay at LEGENDS WHISTLER – drop by Legend Gold ...
4/14/2011Reports Results From Tiekoumala Drill Program
2/17/2011. Changes Name to Legend Gold Corp and Named to 2011 TSX Ven...
4/19/2010Engages Investor Relations Consultants
4/7/2010Files Year End Audited Financial Statements and MD&A and Ann...
2/17/2010Brighton Energy Limited completes acquisition of permits
12/1/2009Applies to List on TSX Venture Exchange and Voluntarily Deli...
8/14/2009Increase in Proposed
8/13/2009Revises Terms of Proposed Equity Private Placement
5/20/2008Annual General Meeting
3/31/2008Files Year End Audited Financial Statements and MD&A
2/6/2008and Orezone Form Uranium Exploration Company
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