LEX 10.0% 11.0¢ lefroy exploration limited

Ann: Burns Update - Drilling Confirms Northern Extension, page-5

  1. 2,606 Posts.
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    I guess LEFD004 will prove that LEFR0260 wasn’t a fluke, but agree, as a twin it should give similar results.

    I get roughly 100koz per 40m step out, maybe 150koz if it is thickening north (only assumed 180m vertical extent which is still open). I’d prefer they test one hole per section north-south (80N, 120N, -40N, -80N, -120N) to get an idea of the strike extent and therefore overall size rather than 3 holes per section. Economic tenor kicks in about 150m below surface.

    Single rig, it’s going to take a while to get an idea of this deposit’s true size.

    Surprised about the lack of chatter here compared to other stocks on HC.
 
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