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8.5¢ lefroy exploration limited

I think you’ve summed it up beautifully. I was just curious...

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discostu89

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24/06/21

22:09

Post #: 54056157
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Originally posted by fmx_rider: ↑

I used a very quick and wildly optimistic view of the information in their announcements. 180m vertical depth continuity, 40m section, 20m wide mineralised zone, 2.8 density and 7.6g/t grade from LEFR260, gives 100koz. Then assuming thickening to 30m wide 150koz.

It’s a shame LEFR286 results were poor compared to LEFR260. Have to hope there is high grade deeper down vertically LEFR261 or proposed LEFR262.

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I think you’ve summed it up beautifully. I was just curious about your calcs which for that section could be conservative depending on what gets turned up below.

Agree that the other results are lower down the excitement scale but they are still solid with some visible gold too. Fingers crossed for upcoming holes.

LEX Price at posting: 99.0¢ Sentiment: Hold Disclosure: Held
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