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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Lucky Strike | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/20/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-5-2020: Lefroy Exploration Ltd. announces a Resource Estimation report for its Lucky Strike deposit at the Lefroy project. Initial Mineral Resource Estimate for Lucky Strike Deposit. The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the | |
| Resources: | (Resources, I+I): 1.75Mt @ 1.76g/t Au (99.2koz Au) at Lefroy Project | |
| CP/QP: | [Resource]: Stephen Godfrey (Resource Evaluation Services Pty Ltd.) | |
| ABSTRACT: | The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to announce the maiden Indicated and Inferred Mineral Resource Estimate (MRE) at Lucky Strike, within the Eastern Lefroy tenement package (Figure 1). Eastern Lefroy is part of the greater Lefroy Gold Project (LGP) located 50km to the south east of Kalgoorlie. Lucky Strike and its strike extensions are wholly within the granted (12 April 2019) Mining Lease M25/366 (Figure 2). Lucky Strike is located approximately 35km north east of Gold Fields Limited’s (NYSE: GFI) (“Gold Fields”) St Ives processing plant and 5km south west of the Randalls Processing Plant operated by Silver Lake Resources (ASX: SLR) (Figure 2). The Lucky Strike Trend was identified in 2017 as a prospective structural corridor, adjacent to the regional scale Mt Monger Fault (Figures 1 & 2), after integration of previous exploration with detailed ground gravity data. Aircore drilling in late 2017 discovered Lucky Strike, with subsequent multiple phases of RC drilling in 2018 identifying the gold system hosted by a north west trending Banded Iron Formation (BIF), part of which is hidden by approximately 12m of transported cover. | |
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