Special Report: The fourth batch of drilling results for Lefroy Exploration’s large patch of ground in WA’s most fertile gold region has extended a previously discovered gold zone even further.

Major joint venture partner Gold Fields recently drilled an additional 69 aircore holes at the Western Lefroy project on Lake Lefroy, just 50km from Australia’s gold capital of Kalgoorlie, WA.

The company can earn a 70 per cent stake in the Western Lefroy tenement package from Lefroy (ASX:LEX) by spending up to $25m on exploration over six years commencing June 2018.

Following the latest drilling, the LLT06 anomaly now spans 1.4km by 2.1km.

Multiple early stage gold intersections included 6m at 2.05 grams per tonne (g/t) gold from 78m, 2m at 0.73g/t from 88m, and 6m at 1.53g/t from 88m.

But the potential to expand the LLT06 anomaly is not yet exhausted, with one of the new holes sitting 200m to the west of an earlier drill hole that intersected 8m at 1.95g/t gold from 94m — and that 200m gap is undrilled.

Gold Fields has now drilled 738 air core holes totalling 39,158m since drilling started in January this year.

The wide spaced drilling is an extensive foundation aircore drilling program which aims to obtain geological and geochemical information beneath the surface of Lake Lefroy.

The majority of the foundation lake aircore drilling program has now been completed.

The joint venture partners are now compiling geophysical and drill data to generate targets and undertake deeper drilling.




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.