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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Lucky Strike | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2018: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lucky Strike deposit at the Lefroy project. Drilling results incl. 15m @ 2.18g/t Au from 42m. The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the C | |
| 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 second phase of its reverse circulation (RC) drilling program at Lucky Strike within its flagship Lefroy Gold Project (Lefroy Project or LGP). The project is approximately 50km south east of Kalgoorlie in the Eastern Goldfields of Western Australia (Figure 1). Lucky Strike is located approximately 3km to the northwest of the high grade Lucky Bay open pit, mined by Silver Lake Resources (ASX:SLR) during 2015, and 4km to the south west of the Randalls Processing Plant operated by SLR (Figure 2). The Company has interpreted that the trend hosting Lucky Strike shares similar geological and structural settings to the Lucky Bay deposit (Figure 2). “These significant results from Lucky Strike further support our belief we have found a new BIF hosted gold system along a 3km trend, undercover, inside 12 months. The high grade intersection in LEFR056 is a great result and supports our view of this being a BIF hosted style of gold mineralisation. Lucky Strike, when complimented with the nearby Capstan surface anomaly, indicates that we may be dealing with multiple bedrock gold systems. An aggressive program of RC and diamond drilling is planned for March” | |
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