Legend Mining (ASX:LEG) managing director Mark Wilson increased...

Legend Mining (ASX:LEG) managing director Mark Wilson increased his indirect interest by 8 million shares through an on-market trade.

Indirect interests of Wilson paid a total of $56,000, or about $0.007 per share, increasing his total holding up to 78 million shares.

In December, the company completed a moving loop electromagnetic (MLEM) survey over its Fraser Range Project in Western Australia.

The tenements are considered prospective for Nova style nickel-copper and Tropicana style gold mineralisation.

The survey was designed to test for possible conductors associated with magnetic features interpreted to relate to mafic/ultramafic intrusives.

A total of six targets were tested without defining a significant bedrock conductor.

The targets tested had a range of magnetic signature including two large complex magnetic features in the south and several smaller more discrete features in the north.

The survey encountered large areas with relatively thick conductive cover, highlighting the ineffectiveness of surficial sampling and the need for remote geophysical exploration methods.

Legend can now review all exploration data, including the knowledge gained from the EM survey in order to plan follow up exploration programs for 2015.

The company held $10.6 million in total in cash, security deposits and other liquid assets at the end of September 2014.

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