here is the announcement...

Looks pretty "spectacular" to me...


POTENTIAL NEW DISCOVERY NEAR SWAN BITTER
MORE HIGH GRADE GOLD AT SWIFT
Continuing RC drilling at Gidgee has recorded spectacular gold intercepts about 220
metres north from the Cascade Lode, which was previously mined at Swan Bitter, and
also at Swift which is 300 metres further east.
Preliminary results from hole GDC044 have recorded 16 metres at 34.9g/t gold,
including 4 metres at 110.0g/t gold from about 140 metres depth. This intercept lies
about 25 metres south of previously reported intercepts of 10 metres at 19.4g/t gold
(GDC030) and 6 metres at 7.6g/t gold (GDC006), and 25 metres north of GDC005
which previously recorded 4 metres at 9.7g/t gold.
These high grade intersections are considered to indicate a continuation or repetition
of the Cascade Lode, and this potential new discovery has been named the Premium
Lode. The preliminary gold results from GDC044 are from four metre composite
samples. Detailed analyses for individual one metre intervals are awaited and will be
reported as soon as they have been received and evaluated.
Initial interpretation by Legend’s geological team indicates that these intercepts are
part of a tabular shear lode system which strikes northwards and dips on average at 70
degrees to the east. This interpreted northern continuation of the Cascade lode system
extends over at least 100m of strike and 125m of dip. True width appears to range
from 12.5 metres (GDC044) and 10.5 metres (GDC041) to 2.6 metres (GDC006), and
geological assessment of the new lode is continuing.
Legend is extremely encouraged by these results, which remain open to the north and
at depth. More drilling of the Premium Lode is planned as part of the ongoing
exploration programme.
At Swift, about 300 metres east from the Premium Lode, preliminary 4 metre
composite results from hole GDC039 include 12 metres at 9.5g/t gold from 24
metres downhole, which includes 4 metres at 23.2g/t gold from 28 meters. This hole
has been drilled as an infill hole at 25m spacing between previously reported holes.

These results, due to their extremely high grade nature, have been reported as soon as
they have been received to ensure full disclosure as required by the ASX listing rules,
even though they are preliminary and comprise four metre composite samples.
It is anticipated that individual one metre analyses for all holes will be received during
the next week or so depending on laboratory turn-around, and these will be reported
together with more detailed geological interpretation as soon as possible.
Analytical results for holes GDC018 to GDC031 were recently reported on 11th
March. Individual one metre samples are also awaited for some of these holes, as
indicated in the results table of that report. In addition, both preliminary and
individual one metre sample results are awaited for other holes from GDC032
onwards as shown on the table below.
Drilling at Gidgee is planned to continue with two RC rigs and one RAB rig, and
results will routinely continue to be reported on an ongoing basis over the next 6 to 9
months.
Murray McDonald
Director
22nd March, 2005