The low sulphidation epithermal veins and breccia found on the Mee Mar prospect vein trend are seen as having sizeable potential.

"This project's scale is demonstrated by the fact that every diamond drill hole testing the strike of the Mee Mar vein intercepted epithermal veins and breccia - delivering a continuous strike of 1500m which remains open to the north, south and at depth," Legacy said.

"While alteration, veins and breccia do not directly translate to gold-silver grade, the presence of the broad down-hole width intervals of low-sulphidation epithermal textured quartz-chalcedony-adularia-hematite veins and cockade breccia as well as extensive lead-zinc sulphides is a very exciting outcome."

Eight diamond core drill holes were bored, with two more to be completed.

Assays are expected in coming months.

Bauloora is located in the Central Lachlan Fold Belt NSW that hosts the Cadia-Ridgeway, Northparkes, and Cowal orebodies.

Led by managing director Chris Byrne, Legacy listed in September 2021 following a A$5.8 million IPO.

The company had $2.7 million at the end of December.

Legacy shares have spent much of the past year trading around their current pricing of 16c.

At that price Legacy has an enterprise value of about $10 million.