Special Report: Sampling has defined a 3km-long extension of the main Hang Glider Hill gold trend, and a new, “robust, high-tenor gold anomaly” called Hang Glider North. This is now a high priority target, Lefroy says.

Lefroy Exploration (ASX:LEX) is a greenfields-focussed gold explorer – searching for big, tier 1 deposits on its own or through joint venture on underexplored ground very close to Kalgoorlie in WA.

The Hang Glider Hill hub is in the north part of its wholly owned 249sqkm Eastern Lefroy tenement package, near the regional Mt Monger fault.

Faults are geological ‘conduits’ or channels for metal-rich fluids and ultimately, can lead to large mineral deposits. That’s what Lefroy is hunting for.

When’s it comes to greenfields discovery, methodical early stage work is crucial in order to lock in those big targets.

Lefroy has just finished an 800-hole auger drilling program, which takes a single soil sample up to 2m from surface over regular intervals.

The program was focussed north of the recent Hang Glider Hill discovery, where early-stage diamond drilling intersected a very promising – and unexpected — 6.8m at 1.86g/t gold, 53.7m from surface.

The ‘anomalous’ (low grade) surface gold trend has now been extended by 3.5km.

The program also outlined a new, higher grade, 2km long parallel gold anomaly about 3km north of Hang Glider Hill called Hang Glider North.

That includes a “robust” +50ppb gold centre over about 400m of strike. Lefroy believes all this surface gold could be a ‘signpost’ to a big deposit (or deposits) deeper down.

This surface gold anomalism was recognised by previous explorers as early as 1994 and was partly drilled without success, Lefroy says.

The company that did this drilling didn’t evaluate — or explain — where this anomalous gold comes from.

The HGH trend is now a “high priority target” for Lefroy, who is accelerating exploration in the area.

The Mines Department has just approved a deeper air core drilling program, which is expected to kick off next month.

“The completion of the auger sampling program over our tenements at the Hang Glider Hill exploration hub has delivered two +2km surficial gold trends that straddle the interpreted position of the regional Mt Monger Fault,” Lefroy managing director Wade Johnsons says.

“With a POW for drilling approved we will progress an initial air core drilling program to investigate the source of these extensive surface gold anomalies.”

 

This story was developed in collaboration with Lefroy Exploration, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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