Announcement Date: 2022-12-05
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lefroy Exploration Ltd.
Project name: Eastern Lefroy
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 48m at 1.11g/t Au, from 204m
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 on the third batch of gold assay results for the Burns Resource drill-out 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 Archaean-age diorite-porphyry intrusives and high-magnesium basalt rocks. The Company considers this Au-Cu-Mo-Ag intrusion-related style of mineralisation to be entirely new to the Eastern Goldfields Province (EGP) of Western Australia. A maiden 22-hole Reverse Circulation (RC) drill program completed in Jan-Feb 2021 at Burns intersected a spectacular gold and copper interval in hole LEFR260, returning 38m @ 7.63g/t Au and 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, which extends north beneath Lake Randall, and whose limits of mineralisation are 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 area in the south.
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