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: | 3/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-3-2019: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lucky Strike deposit at the Lefroy project. Drilling results incl. 16m @ 2.53g/t Au from 44m. 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 results from a recent program of reverse circulation (RC) drilling 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 is approximately 5km to the northwest of the high-grade Lucky Bay open pit, mined by Silver Lake Resources (ASX: SLR) during 2015, and is 5km south west of the Randalls Processing Plant operated by SLR (Figure 2). The Lucky Strike Trend was identified as a prospective structural corridor, adjacent to the regional Mt Monger Fault, after integration of previous exploration with detailed ground gravity data. Gold mineralisation at Lucky Strike is hosted within Banded Iron Formations (BIF). The area near Lucky Strike is a continued high priority exploration focus for the Company, with gold systems identified at Havelock, Neon and Erinmore (Figure 2) highlighting district scale gold prospectivity. Managing Director, Wade Johnson, commented “The evolution of the Lucky Strike BIF hosted gold system continues to advance each time we conduct an RC drill program. We are excited by the recent results, and especially when they are placed in a regional context, they demonstrate the emergence of a larger regolith gold anomaly along the trend. The results will be integrated into the 3D model which will facilitate planning of the next phase of drilling involving deeper EIS co-funded diamond drilling which will commence later this month | |
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