Announcement Date: 2022-07-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lefroy Exploration Ltd.
Project name: Lefroy
Location: Australia
Commodities: Gold,Copper
Highlight: Drilling results incl. 12m @ 3.43g/t Au, 0.2% Cu from 40m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to report results from the final 449 holes of a 577 hole-21,485m aircore (AC) drill program that evaluated multiple targets including Burns in Lake Randall. Burns is within the Eastern Lefroy tenement package, which is part of the wholly owned greater Lefroy Gold Project (LGP) located 50km southeast of Kalgoorlie (Figures 1 & 4). The major drilling program commenced in November 2021 with results reported for the initial 128 holes on 21 February 2022. The program recommenced on 25 February 2022 and was drilled in stages due to rig availability and weather conditions hampering access to Lake Randall. The Burns prospect is situated on the eastern margin of a large interpreted felsic intrusion, termed the Burns Intrusion (Figure 2). The intrusion does not outcrop but features a distinctive annular aeromagnetic and gravity geophysical signature. Immediately to the north, three parallel linear magnetic features known as Lucky Strike, Havelock and Erinmore are interpreted to radiate out from the Burns intrusion. The Company is working towards establishing the association between the larger Burns intrusion, the magnetic anomalies and the diorite porphyry intrusions intersected at Burns, but research is ongoing to source evidence to support a view on the genetic relationship.
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