Lefroy finds new two geochemical gold anomalies at Coogee South
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Lefroy Exploration has received assay results from its maiden aircore drilling program at the Coogee South prospect of the Eastern Lefroy project – and have flagged two geochemical gold anomalies.
The drilling targeted the Coogee South prospect because it adjoins (and contains) the immediate southern strike extension of the historical high-grade Coogee open pit.
And the strategy paid off, with two new broad gold anomalies identified – Catalina and Bronte.
The Catalina gold anomaly is 800m in strike and located immediately south of the tenement boundary and has a coincident gold copper anomaly considered to be similar to the mineralisation at Coogee.
The Bronte gold anomaly is approximately 400m in strike and has no associated copper anomalism.
Assays also returned multiple holes ending in anomalous gold mineralisation near or at the top of fresh rock, including:
Coogee South was excised from the Western Lefroy Farm-in (WLFI) and JV with Gold Fields and returned as a 100% owned project to the company on 18 June 2021.
The company says its next phase of exploration will include RC drilling to test down dip of the recent intersections and additional AC drilling to extend the limits of the new anomalies at Catalina and Bronte.
Initial diamond drilling will also evaluate the key geological and structural characteristics of the Coogee South prospect.
“We are very encouraged by the results from the short, focused drill program at Coogee South and so soon after excising the area from the WLFI,” Lefroy Exploration (ASX:LEX) managing director Wade Johnson said.
“The two new gold anomalies derived from shallow drilling at Catalina and Bronte, each with different characteristics, has generated targets for immediate follow up drilling that we will schedule between programs at the priority Burns project.”
Drilling is scheduled to commence in the March Quarter 2022.
This article was developed in collaboration with Lefroy Exploration Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.