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: | 10/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-10-2018: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lucky Strike deposit at the Lefroy project. Drilling results incl. 8m @ 4.96g/t Au from 27m. 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 phase of a deep reverse circulation (RC) drilling program at Lucky Strike, within the Eastern Lefroy tenement package (Figure 1), that is part of the greater Lefroy Gold Project (LGP) located 50km to the south east of Kalgoorlie 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 operated by SLR (Figure 2). The Company has been methodically evaluating the Lucky Strike trend through a combination of aircore, RC and diamond drilling since early 2017. The target was identified as a prospective structural corridor adjacent to the regional Mt Monger Fault after integration of previous exploration with a detailed ground gravity data. Gold mineralisation at Lucky Strike is hosted within a Banded Iron Formation (BIF). The Company completed an eleven (11) hole step out RC drilling program (“program”) at Lucky Strike in August 2018 to evaluate the down dip extension of the high grade (plus 5g/t Au) mineralisation intersected in the multiple BIF units defined by earlier RC and diamond drilling. The results from this focused program have successfully confirmed the extension of the high-grade zone at depth, but also discovered a new shallow oxide gold zone within an upper BIF unit that is open along strike and at down dip. | |
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