Proactiveinvestors RSS feed en Wed, 18 Jul 2018 01:42:04 +1000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - Lefroy Exploration expands gold drilling program in Eastern Goldfields ]]> Lefroy Exploration Ltd (ASX:LEX) has expanded a drilling program at a gold prospect within its flagship Lefroy Gold Project in Western Australia’s Eastern Goldfields.

Fifteen angled reverse circulation holes for about 1100 metres are targeting depth and strike extensions to a new gold system at Lucky Strike prospect.

Recent reverse circulation drilling intersected multiple shallow gold intersections and more than doubled the strike length to 160 metres.

READ: Lefroy Exploration to drill large gold anomaly at project in Western Australia

The aim of the expanded program is to extend the system to define at least 380 metres of strike.

Lefroy expects to complete the program later this month with assay results expected in April.

Start of focused exploration

The step out drill program is the start of a focused exploration program in the Lucky Strike area, with diamond drilling at Lucky Strike, and aircore drilling at the adjacent Capstan anomaly planned for the June quarter.

Lucky Strike is about 3 kilometres northwest of the high-grade Lucky Bay open pit, mined by Silver Lake Resources (ASX:SLR) during 2015.

It is also 4 kilometres southwest of the Randalls Processing Plant operated by Silver Lake.

Lefroy has interpreted that the 3000 metre-long trend hosting Lucky Strike shares similar geological and structural settings to the Lucky Bay deposit.

Thu, 08 Mar 2018 14:17:00 +1100
<![CDATA[News - Lefroy Exploration to drill large gold anomaly at project in Western Australia ]]> Lefroy Exploration Ltd (ASX:LEX) plans to begin drilling the Capstan target of its Lefroy Gold Project in Western Australia after auger sampling confirmed a large surface anomaly.

The company intends to begin an air core drilling program next month to evaluate the bedrock in the immediate area of the gold anomaly.

A program of works for the first pass drilling has been lodged with the Department of Mines, Industry Regulation and Safety.

Adjacent to Lucky Strike Trend

The Capstan gold anomaly, which has not been evaluated by drilling, is adjacent to the Lucky Strike Trend.

Given this proximity, the company considers Capstan as a high priority target.

Operating mines are nearby

Lefroy, which is 50 kilometres from Kalgoorlie, is east of Gold Fields Limited’s (JSE:GFI) St Ives Invincible gold mine and south of Silver Lake Resources Limited’s (ASX:SLR) Mt Monger gold centre.

Four operating gold plants are within 50 kilometres of the project and provide potential processing options for the company.

The company considers the Capstan anomaly to be significant when placed in context of the gold mineralisation intersected at Lucky Strike.

READ: Lefroy Exploration poised to commence drilling in Kalgoorlie Norseman gold region

Lefroy Exploration recently completed drilling programs at the Lucky Strike and Zanex prospects.

Assay results from Lucky Strike are expected by mid-February and Zanex by late-February.

Wed, 07 Feb 2018 16:10:00 +1100
<![CDATA[News - Lefroy Exploration poised to commence drilling in Kalgoorlie Norseman gold region ]]> Lefroy Exploration Ltd (ASX:LEX) is poised to commence drilling at its Zanex prospect, part of the Lefroy Gold Project located 50 kilometres to the south of Kalgoorlie.

The project is positioned in a prime location between the world-class regions of Kalgoorlie and Norseman.

More importantly, in terms of geological trends, it is close to Gold Fields (NYSE:GFI) St Ives Invincible gold mine which has a resource of more than 3 million ounces.

Proximity to Woolibar Fault bodes well for exploration

The significance of the Zanex project’s proximity to the Invincible mine is that the Woolibar Fault lies to the east of and parallel to the Boulder Lefroy and Speedway faults.

These have a primary influence on gold deposits in the vicinity of the St Ives gold mine, and the Woolibar Fault extends for 15 kilometres within Lake Lefroy.

The Zanex Prospect is the most advanced of a number of gold prospects identified by aircore drilling during 2017 in Lake Lefroy. ‘

Most advanced gold prospect along the Woolibar trend

The best intersection from the air core drilling was 17 metres at 2.14 g/t from 40 metres to the end of hole.

The prospects were initially identified by a geophysical based targeting exercise completed in December 2016.

Wide spaced air core drilling along the Woolibar Fault intersected anomalous gold mineralisation.

This could indicate that it may be similarly prospective to the nearby Boulder Lefroy and Speedway Faults.

Upcoming drilling aimed at exploration and understanding geological trends

A partly State-funded three-hole deep angled diamond drilling program will target a primary mineralised zone beneath the oxidised rock (saprolite), transported cover and more recent lake sediments.

The second objective is to gain an understanding of the host stratigraphy, alteration and structure.

This will provide the company with a knowledge of important geological characteristics, assisting it in undertaking more targeted drilling campaigns in the future.

Tue, 19 Dec 2017 12:07:00 +1100
<![CDATA[News - Lefroy Exploration recommences gold drilling in Western Australia ]]> 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.

Fri, 11 Aug 2017 14:07:00 +1000
<![CDATA[News - Lefroy Exploration gold assays support emerging Red Dale Prospect ]]> 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.

Fri, 19 May 2017 13:30:00 +1000