For thousands of other reports visit RSC's Mineral Intellingence Map
Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Lucky Strike | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-5-2018: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lucky Strike deposit at the Lefroy project. Drilling results incl. 5m @ 13.6g/t Au from 84m. 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 a recent phase of a reverse circulation (RC) drilling program at Lucky Strike, within the Lefroy Gold Project. The project is located approximately 50km south east of Kalgoorlie in the Eastern Goldfields of Western Australia. 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 is 5km to the south west of the Randalls Processing Plant currently being operated by SLR (Figure 1). The Company completed a focused six (6) hole RC drilling program (“program”) at Lucky Strike in April 2018 to evaluate a 60m gap in the earlier drill coverage that was interpreted to occupy part of a higher grade (>5g/t Au) zone within the 300m strike defined from earlier RC drilling (refer to LEX March 2018 Quarterly report 27 April 2018). The results from this program have successfully confirmed a coherent high grade zone that has a strike length of 100m and remains open at depth. The program comprised 640m of angled RC drilling on two sections (Figure 2) within the 60m gap, to a 20m by 20m drill spacing. The drilling of this gap was considered a high priority target subsequent to a reinterpretation of the nature of the higher tenor gold mineralisation associated with sulphide altered banded iron formation (BIF) host units in earlier holes LEFR057 and 058. The key aim of the recent program was to test the concept of a high-grade extension to the mineralisation in the sulphide altered BIF units within 80m depth from surface. The approach was guided by an understanding of other BIF hosted gold systems elsewhere in the goldfields (e.g. Hill 50, Lancefield, Mt Morgans, Maxwells) where closer spaced drilling was required to understand the controls on mineralisation. The results from the earlier diamond holes LSRD001 and 006 that recognised the BIF host had provided the breakthrough at Lucky Strike and aided the reorientation of the drill direction in the initial and subsequent RC drilling programs. The approach in the April program was to build upon those foundation programs, recognising the discrete nature of the individual host units and the high grade mineralisation associated with sulphide altered BIF. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report