http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Thu, 17 Aug 2017 23:41:03 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Lefroy Exploration recommences gold drilling in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/182304/lefroy-exploration-recommences-gold-drilling-in-western-australia-182304.html Lefroy Exploration Ltd (ASX:LEX) has recommenced reconnaissance air core drilling at the Red Dale prospect at its flagship Lefroy Gold project, located 50 kilometres to the southeast of Kalgoorlie.

The results from 26 vertical reverse circulation drill holes completed in May 2017 confirmed a gold mineralised system over 320 metres of strike and open to the north and south.

Significant gold intersections from that programme included:

-9 metres at 1.69 g/t gold from 41 metres;
-6 metres at 1.75 g/t gold from 42 metres; and
-7 metres at 1.44 g/t gold from 47 metres.

READ: Lefroy Exploration gold assays support emerging Red Dale Prospect

The thickness of the gold mineralisation varies from 1 metre to a maximum of 9 metres, but the core is consistently 5-7 metres thick, over a width of 40- 60 metres.

Additionally, Lefroy recently revealed significant gold anomalies from air core drilling at the Woolibar and Lucky Strike Trends at the Lefroy Gold project.

The current drilling programme will initiate a systematic follow up exploration programme for the Woolibar and Lucky Strike Trends over the next few months.

Importantly, the current drill programme comprises 2,500 metres of drilling to target the northern extension of the robust zone of mineralisation identified in May 2017.

Lefroy closed its books with a sizeable cash position of circa A$3mln at the end of the June quarter.

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Fri, 11 Aug 2017 14:07:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182304/lefroy-exploration-recommences-gold-drilling-in-western-australia-182304.html
<![CDATA[News - Lefroy Exploration gold assays support emerging Red Dale Prospect ]]> http://www.proactiveinvestors.com.au/companies/news/178035/lefroy-exploration-gold-assays-support-emerging-red-dale-prospect-178035.html Lefroy Exploration (ASX:LEX) has received significant gold results from drilling at the Red Dale Prospect at its flagship Lefroy Gold Project, southeast of Kalgoorlie in Western Australia.

Multiple significant shallow gold intersections were returned from the 26 holes drilled, including 9 metres at 1.69 g/t gold from 41 metres and 6 metres at 1.75 g/t gold from 42 metres.

The program was designed to target the source of the extensive gold footprint in the regolith from historic drilling, and to improve definition of the gold located at the base of the paleochannel.

Lefroy’s drilling has confirmed the tenor of the gold mineralisation at the base of a paleochannel, which is over 320 metres of strike length and open to the north and south.

Interestingly, the gold system identified is located one kilometre north of Silver Lake Resources’ (ASX:SLR) Randalls Processing Plant.

The results demonstrate the robust nature and tenor of gold at the base of the paleochannel and opens the opportunity to evaluate numerous other occurrences at the Red Dale Prospect.

Lefroy is currently preparing to conduct a follow up reverse circulation drill program with a Programme of Works-Exploration recently lodged.

The focus of exploration at Red Dale remains fixed on the discovery of a primary source to the broad gold in paleochannel anomaly, in conjunction with the opportunity to delineate one or more channel hosted gold systems.

Lefroy is well funded with a cash balance of $3.5 million as at 31 March 2017.

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Fri, 19 May 2017 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178035/lefroy-exploration-gold-assays-support-emerging-red-dale-prospect-178035.html