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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Red Dale | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/3/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-6-2020: Lefroy Exploration Ltd. announces a Resource Estimation report for its Red Dale deposit at the Lefroy project. Updated Mineral Resource Estimate for Red Dale. The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is plea | |
| Resources: | (Resources, I+I): 1.94Mt @ 1.71g/t Au (104koz Au) at Lefroy | |
| CP/QP: | [Resource]: Stephen Godfrey (Resource Evaluation Services Pty Ltd.) | |
| ABSTRACT: | The Board of Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to announce the increase to the Mineral Resource Estimate (MRE) at Red Dale, 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. Red Dale and its immediate strike extensions are wholly within the granted Mining Lease M25/362 (Figure 2). The prospect is located approximately 4km north east of the Company’s priority Lucky Strike prospect and is immediately north of, and adjoins, Silver Lake Resources (ASX: SLR) Randalls Processing Operation that includes the now closed Salt Creek mine (Figure 1). Gold mineralisation was identified at Red Dale in 2007 by Integra Mines Limited (“Integra”) following on from their discovery of the Salt Creek deposit located 2.5km to the south (Figure 2). The pre mining resource at Salt Creek was 4.6million tonnes at 2.7g/t Au for 400,000oz of contained gold (refer Integra Mining Limited ASX release dated 21 July 2008). The drilling at Red Dale during the period 2007-2010 by Integra identified a large regolith hosted gold anomaly approximately 1.6kms in length by up to 1km in width. | |
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