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
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.
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.