Lefroy keeps the gold hits coming at Burns
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Lefroy continues to prove that its Burns project in WA’s Eastern Goldfields region is a large copper-gold system with drilling at Lake Randall returning multiple gold intercepts.
Gold-only assays were received from four holes on Lake Randall and one land hole with top results of 48m grading 1.11 grams per tonne (g/t) gold from 204m to end of hole including 4m at 7.06g/t gold from 217m (LEFFR353) and 138m of mineralisation including 38m at 2.04g/t gold from 27m and 100m at 0.47g/t gold from 93m (LRR004).
The results are part of Lefroy Exploration’s (ASX:LEX) resource drill-out program of 80 reverse circulation holes over a 700m strike to evaluate three key geological domains at Burns Central – Central Porphyry, Western basalt, and the Eastern deformation zone – and support compilation of a maiden resource estimate in the first quarter of 2023.
Sixty-one holes have been completed to date with 9 priority holes from the remaining 19 holes to be completed before the end of December 2022.
“It is extremely rewarding for Lefroy to continue to receive such positive assay results, particularly while the drill rods for this resource program continue to spin,” managing director Wade Johnson said.
“These new, broad gold intersections reinforce the company’s geological model for Burns, first put forward 18 months ago, and which is a credit to our dedicated technical team.
“We eagerly await the associated copper results which are pending, which we anticipate will complement the already returned gold assays, increase the value of the Resource being calculated and further demonstrate that Burns is a large Archaean copper-gold system.”
Lefroy’s Burns resource drill-out continues to deliver multiple drillholes intersecting long downhole intervals of gold mineralisation and confirm the company’s interpretation of the Burns geological model.
This includes the existence of a broad, south-plunging, higher-grade gold zone within a structural trend that continues north under Lake Randall.
As such, the company has prioritised three additional RC holes to further evaluate this higher-grade zone where previous drill rig access was limited by terrain at the lake shoreline.
Based on anomalous copper values intersected in multiple adjacent drillholes including the discovery hole LEFR260, aircore hole LEFA1089 and others, the company believes that these gold results will be followed by additional elevated copper assays, which are expected later this month and in January next year.Results from deep diamond drilling completed at Burns Central in the September quarter are also expected to be returned in the near-term while planning is underway for the next phase of RC and diamond drilling at Burns Central.
This article was developed in collaboration with Lefroy Exploration, 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.