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Transaction Announcement Reports
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Project: | Lefroy | |
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Deposit: | Lake Lefroy | |
Location: | Australia | |
Commodities: | Gold | |
Date: | 3/9/2017 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 9-3-2017: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lake Lefroy deposit at the Lefroy project. Drilling results incl. 17m @ 2.14g/t Au from 40m. The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Com | |
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 recent completion of its extensive early stage aircore drilling program on Lake Lefroy at its flagship Lefroy Gold Project (“LGP or Project”), located approximately 50km to the south east of Kalgoorlie. LGP is a commanding contiguous land package covering in excess of 540km2 in the heart of the world class gold production area between Kalgoorlie and Norseman. 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 LGP is also immediately south of the Mount Monger Gold Operation. The Company completed an early stage aircore drill program to evaluate seven priority target areas located within the eastern part of Lake Lefroy within tenements wholly owned by the Company on 5 March some 4 weeks after commencing the program on 8 February. The drilling within Lake Lefroy was completed despite heavy rainfall in the district in January and February making conditions in the lake challenging. A total of 4881m of drilling was completed in 92 holes over the seven targets. Drill hole depths predominantly ranged from 30-55m, the air core drill technique terminating near or top of fresh rock. However at target LTT06 (Figure 3) holes terminated at depths of 80-108m encountering deeper transported cover above basement lithological units. | |
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