LEX was added in mid July and now receiving increasing validation, although sp is not reflecting it just yet.
Exploration Update Significant Gold Intersected in Lake Lefroy
Validated results have been received from JV partner Gold Fields from 10 RC drill holes drilled on Lake Lefroy within the Western Lefroy JV Project.
• Drill results are as of 30 September 2020 and are the first results from the multi-target 9000m RC & diamond drill program that commenced in July.
• The 10 RC holes are part of a 21-hole 4507m program including 2 diamond core holes drilled during the period. Results are pending for 11 holes
• The combined early stage RC and diamond drill program is evaluating 5 targets hosted within a sequence of rocks similar to that hosting the gold deposits at the +10Moz St Ives Gold Mine, 15km to the west
• The results from the ten initial RC holes continues to reinforce and advance understanding of the geological prospectivity beneath Lake Lefroy.
Significant results include: o 9m @ 3.58g/t Au from 96m in SAL1764 including 1m @ 18.55g/t Au from 97m o 3m @ 3.25g/t Au from 82m in SAL1777 including 1m @ 7.88g/t Au from 82m
• Diamond drilling to further evaluate the high-grade intersection in SAL1764 was completed on 5 October. Results are pending
• The drilling program is part of an AUD6million exploration effort by Gold Fields over the next 9 months to meet their expenditure commitment of AUD10million by 7 June 2020 earn a 51% interest in the joint venture
• The current drilling program is ongoing and expected to be completed in December. Exploration Update Significant Gold Intersected in Lake Lefroy
Lefroy Exploration Managing Director, Wade Johnson said - “the gold intersection in hole SAL1764 is one of the best gram meter intersections recorded from a drill hole in the LEX Lake Lefroy tenure and is very exciting news. The new gold anomalies being generated combined with a similar rock package as at St Ives continue to enhance the prospectivity of this new trend for a gold discovery
