| Announcement Date: | 2022-11-21 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Lefroy Exploration Ltd. |
| Project name: | Eastern Lefroy |
| Location: | Australia |
| Commodities: | Gold,Copper |
| Highlight: | Drilling results incl. 64m at 0.17% Cu, 0.25g/t Au, from 173m |
| 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 the first batch of assay results for the RC resource drill program currently underway at the Burns Copper (Cu)/Gold (Au) Project, which is within the Company’s wholly owned Eastern Lefroy Gold Project located 70km southeast of Kalgoorlie. Burns is an intrusion-related Au-Cu-molybdenum (Mo) and silver (Ag) mineral system, hosted by multiple diorite-porphyry intrusives and high-magnesium basalt Archaean-age rocks. The Company considers this Au-Cu-Mo-Ag intrusion-related style of mineralisation to be entirely new and unique to the Eastern Goldfields Province (EGP) of Western Australia. A maiden 22-hole Reverse Circulation (RC) drill program completed in Jan-Feb 2021 intersected a spectacular gold and copper interval in hole LEFR260 containing 38m @ 7.63g/t Au & 0.56% Cu from 134m in diorite porphyry. The results from that RC program provided the geological and geochemical data that highlighted the unique geological characteristics of Burns and are a key guide to subsequent and ongoing exploration activity. Further targeted aircore, RC and diamond drilling at Burns since January 2021 has established a broad footprint to the system that extends beneath Lake Randall, with the limits of mineralisation still to be fully defined. The system may extend for 2000 metres or more along strike, based on drilling between Lovejoy in the north and the main Burns Central in the south. |
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