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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Lucky Strike | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-1-2019: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lucky Strike deposit at the Lefroy project. Drilling results incl. 12m @ 2.37g/t Au from 96m. Gold explorer, Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Johnson (Internal) | |
| ABSTRACT: | Gold explorer, Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to announce highly encouraging assay results from a recent 10-hole reverse circulation (RC) drilling program at the 100% owned Lucky Strike prospect, within the Eastern Lefroy tenement package (Figure 1) located 50km to the south east of Kalgoorlie. These new results are from 1m samples of anomalous gold zones originally determined from the 4m composite samples reported on 3 December 2018. 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). Gold mineralisation at Lucky Strike is hosted within a Banded Iron Formation (BIF). The recently announced (ASX: LEX 26 November 2018) Havelock Trend, also BIF hosted mineralisation, is 1.2km to the south. The Company completed a ten (10) hole step out RC drilling program (“program”) at Lucky Strike to primarily evaluate the along strike and down dip extension of a new upper BIF unit in November 2018 (refer ASX release 3 December 2018). The results reported from that program were based upon 4m composited samples, i.e. four 1m drill intervals are composited to form one 4m sample. Those results are considered an initial indication of the mineralised interval. Collection and analysis of individual 1m samples from anomalous gold intervals based on the 4m composite samples was completed in December 2018 (Table 1) These results further support and enhance the oxide upper BIF gold mineralisation that is open along strike and at depth. This upper BIF combined with those intersected in prior drilling programs is interpreted by the Company to be a series of sub-parallel south dipping units of variable thickness separated by beds of black shale (refer Figures 4 & 5). | |
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