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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Red Dale | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-12-2017: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Red Dale deposit at the Lefroy project. Drilling results incl. 3m @ 7.58g/t Au from 48m. Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Johnson (Internal) | |
| ABSTRACT: | Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to announce the results from a second stage of reverse circulation (RC) drilling program at the Red Dale prospect, at its flagship Lefroy Gold Project (“Lefroy Project” or “LGP”) located approximately 50km to the south east of Kalgoorlie in the Eastern Goldfields Province of Western Australia (Figure 1). The LGP is a commanding semi-contiguous granted land package that covers 547km2 located immediately east of the world class St Ives Gold camp, operated by Gold Fields and south of the high grade Mt Monger gold centre operated by Silver Lake Resources Limited (ASX:SLR). Four operating gold processing operations are strategically located within 50km of the project. The Company recently completed a fourteen hole follow up RC drilling program comprising 880m at Red Dale, which is located immediately north of and adjoining the Randalls Gold Processing facility operated by SLR (Figure 2). Red Dale is characterised by a large gold in regolith anomaly, with the primary source yet to be revealed. RC drilling by the Company in May 2017 intersected a mineralised horizon containing angular sub rounded fragments of quartz cobble and pebbles that suggest that a primary source maybe nearby, so the key aims of the recent RC program were to gain further detailed appreciation of the character of the basal mineralised gravel horizon in the regolith and establish vectors to a primary gold source area. | |
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