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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Lake Lefroy | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-6-2019: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lake Lefroy deposit at the Lefroy project. Drilling results incl. 9m @ 2.73g/t Au from 32m. Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Johnson (Internal) | |
| ABSTRACT: | Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to advise that Gold Fields Limited (NYSE: GFI) (“Gold Fields”) has provided the third export of validated drill results from a major aircore (AC) drilling program on the Company’s tenements over Lake Lefroy (Figure 1). The program commenced in late January 2019 and is part of the $25million Farm-In and Joint Venture (JV) agreement between Lefroy and Gold Fields. The tenements form part of the Western Lefroy tenement JV package that cover 372km2 adjoining the St Ives gold camp (Figure 1). Western Lefroy is part of the wholly owned greater Lefroy Gold Project (LGP) located 50km south east of Kalgoorlie. Gold Fields commenced the major full field aircore (AC) drilling program in late January 2019 (refer: LEX ASX release 31 January 2019). The original program involved completing approximately 350 vertical holes spaced 200m apart on traverses 1km apart to cover most of the tenure in Lake Lefroy using a specialised lake drilling rig (Figure 3). This has been exceeded and drilling is continuing. The program is designed to yield foundation geological and geochemical information that will be interrogated in conjunction with the geophysical data to deliver specific drill targets for deeper drill testing and hence termed foundation drilling. Gold Fields provides monthly validated data exports to the Company | |
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