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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Havelock | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-11-2018: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Havelock deposit at the Lefroy project. Drilling results incl. 7m @ 0.59g/t Au from 24m. The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Johnson (Internal) | |
| ABSTRACT: | The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to announce the results from a recent phase of reconnaissance and infill aircore (AC) drilling program evaluating three targets within the wholly owned Eastern Lefroy tenement package (Figure 1). Eastern Lefroy is part of the greater Lefroy Gold Project (LGP) located 50km to the south east of Kalgoorlie. The adjoining Western Lefroy tenement package is a Farm-In & Joint Venture with Gold Fields Limited (“Goldfields”) that commenced on 7 June 2018. Gold Fields can earn up to a 70% interest in the Western Lefroy tenements by spending up to a total of $25million on exploration activities within 6 years of the commencement date. A major campaign of ground and airborne geophysical surveys is currently underway in the package (refer LEX:ASX release 22 November 2018) The AC drilling program is located in the Lucky Strike Exploration Hub which is centered on the high-grade Lucky Strike prospect and envelopes the nearby gold prospects identified by the Company at Capstan, Red Dale and the Lucky Strike trend (Figure 2). The Hub is a priority target area for drill-based exploration on existing and generative gold prospects located within the Eastern Lefroy sub project, which extends approximately 17km from the recently identified Hang Glider Hill gold prospect (refer LEX-ASX release 6 November 2018). These gold prospects are located close to the interpreted position of the regional scale Mt Monger Fault, adjacent to which the Company has discovered a number of gold occurrences including Lucky Strike and the emerging Hang Glider Hill. | |
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