Legacy Minerals Holdings (ASX:LGM) announced financial results for the quarter ended 30 September 2022.

Post quarter, LGM announced the commencement of an accelerated exploration program at the 100% owned Bauloora Epithermal Gold Project in New South Wales.

The systematic exploration work completed by the Company to date has provided increased confidence that the scale and character of mineralisation at Bauloora is akin to those of other pre-discovery observations noted at major epithermal deposits.

Rock chip assays show a widespread and growing footprint of gold and silver across one of NSW?s largest low-sulphidation epithermal-style gold-silver systems within the Lachlan Fold Belt (LFB).

The rock chip sampling infills and extends known areas of gold mineralisation with gold bearing veins grading > 0.2g/t Au now defined across a 15km2 area.

The Company?s cash balance at 30 September 2022 was $2.2M with an estimated 4 quarters of funding available.

Following the announcement the company?s share price rose 9.090%.