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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Lucky Strike | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-7-2017: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Lucky Strike deposit at the Lefroy project. Drilling results incl. 8m @ 2.23g/t Au from 45m. The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Com | |
| 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 assay results from a follow up aircore drilling program along the Lucky Strike Trend at its flagship Lefroy Gold Project (“LGP or Project”), located approximately 50km to the south east of Kalgoorlie. The Lucky Strike Trend is located approximately 2km to the northwest of the high grade Lucky Bay open pit mined by Silver Lake Resources (ASX:SLR) during 2015 and 4km to the south west of the Randalls Processing Plant operated by SLR (Figure 1). The Company has interpreted from geophysical and geological data that the Lucky Strike Trend shares a similar geological and structural setting to Lucky Bay, being adjacent to the regional Mt Monger Fault that separates mafic units of the Bulong Antiform to the north and metasedimentary rocks to the south. This tighter spaced aircore drilling has improved the understanding the evolving geological model, by demonstrating the geometry of the host unit, but also highlights the limited nature of the dispersion of gold in the oxidised rock and how this then needs to be taken into consideration for further exploration. The recent closer spaced drilling has demonstrated that this style of mineralisation can easily be missed with wider spaced drilling and by not appreciating the regolith environment. | |
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