LEX 0.00% 7.6¢ lefroy exploration limited

Ann: Exploration Update - Drilling Extends Porphyry at Burns, page-11

  1. 7,548 Posts.
    lightbulb Created with Sketch. 2045

    I'm not made of farms. This one's a safe bet but how many bags from here, maybe one or two more in the short term, maybe a few more long term if the deposit is a big one. If it's a skarn deposit the tonnage potential could be limited and drilling could be a bit hit and miss (e.g. hole 259). https://pubs.usgs.gov/bul/b1930/strucset.pdf

    Assays from the RC precollars in about 3 weeks, MC of $130M, $3M in the kitty, lots of drilling to do, the instos will be hounding the MD at some stage...

 
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