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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Lucky Strike | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-9-2017: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lucky Strike deposit at the Lefroy project. Drilling results incl. 1.7m @ 63.0g/t Au from 44.7m. The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “th | |
| 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 initial high grade results from an early stage diamond drilling program recently completed along the Lucky Strike Trend at its flagship Lefroy Gold Project (“LGP” or “Project”), located approximately 50km to the south east of Kalgoorlie (Figure 1). The Lefroy Project is wholly owned by the Company and the commanding semi-contiguous granted land package covers 547km2 located immediately east of the St Ives Gold camp, operated by Gold Fields and south of the Mt Monger gold centre operated by Silver Lake Resources Limited (ASX:SLR). Four operating gold plants are located within 50km of the project and provide potential processing opportunities for the Company in its pursuit for the discovery of a large gold system. The RC precollared diamond drilling program consisted of 6 holes for a total of 362.5m of diamond core drilling. The key objectives of the drill program were to determine the geometry of the host rock and gold mineralisation adjacent to previous air core drill hole intersections and also evaluate the depth extension of the mineralisation within fresh rock. The drilling evaluated three key sections (Figure 2) spaced approximately 1000m apart along the 3000m gold mineralised trend defined from the earlier air core drilling campaigns. Assay results have been returned for the first two drill holes on the northern section (refer Figure 2 Section A-A’), and results for the four remaining holes (Figure2 Sections B-B’& C-C’) are expected in early October. Subsequent to the assessment of the results of the remaining 4 drill holes, follow up RC drilling could commence in late October. | |
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