Proactive Investors - Run By Investors For Investors

Lefroy Exploration assays up to 6.66 g/t gold from Lucky Strike prospect

The company plans to continue drilling in Eastern Lefroy from next month.
A drill rig at a Lefroy Exploration project
Lucky Strike is in the Eastern Lefroy tenement package 50 kilometres southeast of Kalgoorlie.

Lefroy Exploration Ltd (ASX:LEX) has returned high-grade gold intersections from drilling at Lucky Strike prospect in the Eastern Lefroy tenement package southeast of Kalgoorlie in Western Australia.

The results from a 10-hole reverse circulation (RC) program are from 1-metre samples of anomalous gold zones determined from 4-metre composite samples reported in early December 2018.

READ: Lefroy Exploration enters agreement to sell interest in Murchison gold tenements

Lefroy told the market today multiple significant shallow oxide gold intersections were assayed in an upper banded iron formation (BIF) unit at the wholly-owned prospect.

Best results were 8 metres at 3.46 g/t gold from 48 metres, including 2 metres at 5.08 g/t from 49 metres; 2 metres at 6.22 g/t from 32 metres; 4 metres at 2.95 g/t from 20 metres; and 7 metres at 1.5 g/t from 20 metres, including 1 metre grading 6.66 g/t from 23 metres.

Lefroy also reported significant primary zone gold intersections from the lower BIF unit such as 12 metres at 2.37 g/t from 96 metres, including 3 metres at 6.35 g/t from 101 metres; and 4 metres at 1.72 g/t from 104 metres.

READ: Lefroy Exploration identifies gold trend during East Lefroy tenements drilling in WA

Lefroy managing director Wade Johnson said: “Lucky Strike continues to deliver robust shallow and primary gold intersections that continue to enhance and grow the exciting BIF-hosted gold system.

“We are eager to get the next phase of drilling underway to follow up the recent results, expand the system with the aim of being able to delineate an inferred resource, especially in the oxide zone.”

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

Lefroy said gold mineralisation in the oxide and primary zones remained open along strike and down dip.

The company’s next steps at the project may include additional RC and diamond drilling from February 2019.

View full LEX profile View Profile

Lefroy Exploration Ltd Timeline

Related Articles

1538379178_shutterstock_271669007.jpg
October 01 2018
Best of the grades was 25.5m at 9.4% copper with 5.1 g/t gold
diammonium phosphate fertiliser produced from Ammaroo ore
November 29 2018
The Ammaroo Phosphate Project's million net present value (NPV10) is a nominal, ungeared after-tax $344 million
1542878130_copper-periodic-table-2.jpg
November 22 2018
Lucky Minerals holds a large swathe of land in highly prospective but largely unexplored area

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use