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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Lucky Strike | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-8-2018: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lucky Strike deposit at the Lefroy project. Drilling results incl. 4m @ 0.54g/t Au from 52m. 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 inaugural reconnaissance aircore (AC) drilling program at Capstan, within its Eastern Lefroy Project (Lefroy Project or LGP). The Eastern Lefroy Project, forms the eastern part of the greater Lefroy Gold Project (Lefroy Project or LGP) located approximately 50km south east of Kalgoorlie in the Eastern Goldfields of Western Australia (Figure 1). The adjoining Western Lefroy tenement package is now a Joint Venture with Gold Fields which commenced on 7 June 2018. The Capstan prospect is located immediately north of Lucky Strike (Figure 2) and consists of a large and robust surface gold anomaly (plus 20ppb Au) that had not been evaluated by drilling (refer LEX ASX announcement 7 February 2018). The prospect straddles the interpreted position of the regional scale Mt Monger Fault. The Company considers the Capstan anomaly could be significant in the context of the gold mineralisation intersected nearby at Lucky Strike, and may represent the surface expression of another bedrock gold system Managing Director, Wade Johnson, commented “These are very promising results from an initial wide spaced drill test of the surficial gold anomaly, and provides further support to our concept of additional bedrock gold mineralisation peripheral to Lucky Strike . We can now place both the surface anomaly and bedrock gold intersections in the context of the regolith and cover sequence to optimise the next air core drill program. With the deep RC drilling currently underway at Lucky Strike and further work planned at Capstan this reinforces our commitment to a major campaign of district drill based exploration at a portfolio of targets along the Mt Monger Fault over the coming 6 months in our Eastern Lefroy Project” | |
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