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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Lake Lefroy | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-4-2017: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lake Lefroy deposit at the Lefroy project. Drilling results incl. 10m @ 4.60g/t Au from 24m. The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Co | |
| 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 an early stage aircore drilling program at the Lucky Strike Prospect at its flagship Lefroy Gold Project (“LGP” or “Project”), located approximately 50km to the south east of Kalgoorlie. The Project adjoins the Gold Fields owned St Ives gold camp and mining centre, which contains the Invincible gold deposit, now in production and located in the western part of Lake Lefroy. The Lucky Strike Prospect is located 2km to the northwest of the Lucky Bay open pit, mined by Silver Lake Resources (ASX:SLR) during 2015 (Figure 2). The Company has interpreted from geophysical and geological data that the Lucky Strike Prospect shares a similar geological and structural setting to Lucky Bay, being adjacent to the regional Mt Monger Fault that mafic units of the Bulong Antiform to the north and metasedimentary rocks to the south. The recently completed aircore drill program of 48 holes totaling 2593m evaluated a 1500m strike length of this stratigraphic package to the northwest and along strike of the November 2016 program, and extending to the Sideshow Prospect within the Company’s E26/183 (Figure 2). The drill program was a reconnaissance first pass evaluation, with lines spaced at 320m and holes at 80m centres and specifically targeted after recognition of the confluence of anomalies and structural trends generated from the interpretation of regional aeromagnetics and the Company’s detailed ground gravity dataset. | |
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