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Lefroy Exploration Ltd.
Summary
| Project: | Lefroy | |
|---|---|---|
| Deposit: | Western Lefroy | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-8-2019: Lefroy Exploration Ltd. announces an Exploration/Drilling Update report for its Western Lefroy deposit at the Lefroy project. Drilling results incl. 2m @ 0.93g/t Au from 64m. Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Johnson (Internal) | |
| ABSTRACT: | Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to advise that Gold Fields Limited (NYSE: GFI) (“Gold Fields”) has provided the fifth export of validated drill results from a major aircore (AC) drilling program on the Company’s tenements over Lake Lefroy and the adjacent Lake Randall (Figure 1). The program commenced in late January 2019 and is part of the $25million Farm-In and Joint Venture (JV) agreement between Lefroy and Gold Fields that commenced in June 2018. The tenements form part of the Western Lefroy tenement JV package that cover 372km2 adjoining the St Ives gold camp (Figure 1). Western Lefroy is part of the wholly owned greater Lefroy Gold Project (LGP) located 50km south east of Kalgoorlie. The Company maintains exploration at the non-JV Eastern Lefroy. Gold Fields commenced the major full field aircore (AC) drilling program in late January 2019 (refer: LEX ASX release 31 January 2019). The original program involved completing approximately 350 vertical holes spaced 200m apart on traverses 1km apart to cover most of the JV tenure in Lake Lefroy using a specialised lake drilling rig. This was exceeded and drilling was initiated on the adjacent Lake Randall in late July. The program was designed to yield foundation geological and geochemical information that is in the process of being interrogated in conjunction with the geophysical data to deliver specific drill targets for deeper drill testing and hence termed foundation drilling. Gold Fields provides monthly validated data exports to the Company. | |
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