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Lefroy Exploration Ltd.

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Summary

Project:

Lefroy

Deposit:Hang Glider Hill
Location:Australia
Commodities:Gold
Date:11/29/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:29-11-2019: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Hang Glider Hill deposit at the Lefroy project. Drilling results incl. 6.8m @ 1.86g/t Au from 53.7m. Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Compan
Resources:x
CP/QP:[Overall Report]: Wade Johnson (Internal)
ABSTRACT:Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to announce results from a recently completed diamond drilling (DD) program at the Hang Glider Hill (“Hang Glider” or “HGH”) prospect, located within the Lefroy Gold Project. The three angled holes were designed to evaluate the geology beneath the topographical feature known as Hang Glider Hill and constitute the maiden drilling by Lefroy at this developing gold prospect. Hang Glider is located approximately 8km south west of the high-grade Daisy Milano underground mine operated by Silver Lake Resources (ASX: SLR), and central to three operating gold plants at Jubilee, St Ives and Randalls. Each of these plants is within 35km of HGH. The Hang Glider Hill prospect is located close to the interpreted position of the regional scale Mt Monger Fault, along which (some 17km along strike to the south east) the Company continues to enhance the high-grade Lucky Strike prospect (Figure 2). HGH was recognised by the Company in early 2018 following the discovery of numerous gold nuggets (LEX:ASX 26 June 2018) and the definition of a north-westerly gold trend subsequently defined by surface sampling extending 2.3km from the original HGH nugget find.

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