report here

ACN 107 118 673
ANNOUNCEMENT
June 27, 2006
Further Spectacular Grades Intersected at Pinafore Reef,
Lefroy Goldfield, NE Tasmania
Targeted RC drilling at the Pinafore Reef, within the Company’s 100% owned
Lefroy Goldfield, has intersected a spectacular zone of gold mineralisation at
shallow depths.
High-grade gold-bearing quartz–sulphide veining was intersected up-dip of the
previously mined stoped material. Drill hole LFC087 ended in weak
mineralisation and potentially remains open at depth down-hole. Significant
results from LFC087 include:
RC DRILL HOLE LFC087 HIGHLIGHTS
Hole ID *Easting *Northing Dip/
Azimuth From To Interval Au g/t**
LFC087 498450 5451180 -59/000 71 98 27 4.27
Including 84 86 2 28.21
*Coordinates in GDA 94, UTM Zone 55
**Cut off grade 1.00g/t, max 2m consecutive internal dilution
**Analysis by repeat fire assay
This drill hole is part of an exploration programme currently in progress that
is assessing the near-surface “open pittable” resource potential of the Pinafore
Reef, and does not fall within the previously reported JORC compliant Inferred
Resource of 225,000oz Au (ASX Announcement November 7, 2005).
SUMMARY OF DRILL RESULTS
Drill hole LFC087 was stepped north from previous drilling to test the up-dip
continuity of gold mineralisation of the Pinafore lode. The drilling intersected a
core zone of high-grade quartz-sulphide veining surrounded by a broader zone
of gold-associated disseminated sulphide. Further interpretation of these
results is ongoing.
278 Barker Road Ph: +61 (8) 9382 8711
Subiaco 6008, WA Fax: +61 (8) 9382 8722 2
BACKGROUND
The Pinafore Reef is one of the largest historically mined reefs in the Lefroy
Goldfield. It was mined circa 1900 for approximately 60,000oz of gold at
grades averaging approximately 25g/t. Drilling targets in 2005 focussed on
selecting high-grade lode-style gold-bearing zones below historic workings.
These targets were all within the 4 kilometre mineralised corridor which
makes up the Lefroy Goldfield.
Drilling returned spectacular grades below historically mined stopes at the
Pinafore and Native Youth Reefs (summarised in ASX Announcement
November 7, 2005).
DRILLING COMMENCED
The Company is also pleased to announce that deep drilling of the Pinafore
Reef has commenced with drill hole LFD100 currently being collared. The
programme will initially consist of 2 drill holes (RC and DD) aimed at
intersecting the lode at depths between 450 and 500 metres below surface.
For further information please contact:
John Canaris
Chief Executive Officer
Lefroy Resources Limited
278 Barker Road
Subiaco WA 6008
Ph: (08) 9382 8711
Fax: (08) 9382 8722
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information
compiled by John Canaris who is a Member of the Australian Institute of Geoscientists. John Canaris is a full-time employee of the
Company. John Canaris has sufficient experience which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the
“Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. John Canaris consents to the
inclusion in the report of the matters based on his information in the form and context in which it appears.