Lefroy provides new extension drilling at WA copper-gold intrusive discover

2021-07-21 09:01:29

ASX-listed gold explorer Lefroy Exploration has lifted the tempo of its drilling across the promising Burns copper-gold discovery 50km south-east of Kalgoorlie in Western Australia with the beginning of a 12-hole reverse circulation program aimed toward extending the ‘multi-host rock’ mineralised footprint at its wholly owned Japanese Lefroy venture. The three,000m of RC drilling must be accomplished in a fortnight and Lefroy expects to desk outcomes by late September.

Administration says RC drill analysis of the “broader Burns system” enhances ongoing diamond drilling alongside the Japanese Porphyry subsequent to and downdip of the Burns discovery gap that hit 38m grading 7.63 grams per tonne gold and 0.56 per cent copper early this yr.

Lefroy’s success with its second drill gap on the Burns tenement, added to its bigger Japanese Lefroy floor bundle in 2019, noticed its share value surge greater than fivefold after the announcement. Subsequent drilling has improved its geological understanding of what’s now described as an intrusion-related system with diorite porphyries intruding basalt – the Western Basalt zone – overprinted by magnetite copper-gold mineralisation.

Burns continues to form as a singular discover within the Japanese goldfields area, with its typical Yilgarn shear-hosted gold and different mineral deposits, and presumably one which alters exploration considering in the identical manner the high-profile De Gray Mining intrusive gold discovery at Hemi and Chalice Mining’s Julimar PGE-nickel-copper intrusive discover have reset methods within the Pilbara and west Yilgarn, respectively.

Lefroy’s new RC drilling goals to evaluate the strike and down-dip extents of the Western Basalt zone and likewise improve the Japanese Porphyry strike to “develop the multi-rock Burns system”.

We’re very happy to be increasing our drilling program at Burns to judge and lengthen the a number of copper-gold targets and broaden the extent of the system which we’re but to outline limits to.

“The graduation of the step-out RC drilling will take a look at extensions to each the Western Basalt and the Japanese Porphyry zones and supply further basis geochemical knowledge to help advancing the geological mannequin to this intriguing copper-gold methods and increasing the extents of the mineralisation.”

Mr Johnson mentioned new drilling outcomes would additionally add baseline knowledge that may assist fast-track exploration “alongside this creating north-trending hall, together with out onto Lake Randall”.

Lefroy says the Japanese Porphyry stays open to the north and south whereas testing past a foliated basalt construction to the east is predicted to proceed into the longer term.

The corporate has a dominant 226sq.km groundholding at Japanese Lefroy and an extra 372sq.km at Western Lefroy, the place Gold Fields – proprietor of the neighbouring multi-million ounce St Ives Gold camp – is exploring beneath a three way partnership settlement.

Lefroy is ready for assays from the most recent 5 accomplished diamond drill holes alongside what it calls its discovery, or baseline, part at Burns the place porphyry-intrusive mineralisation has been outlined over a 300m-by-200m space. The 5 holes are a part of its 14-hole diamond drilling program commenced in April to check the Japanese Porphyry over 200m of strike with 40m-spaced drill sections.

With the present sluggish turnaround occasions at assay laboratories in WA and elsewhere, Lefroy expects to report assays for the most recent diamond drilling over the subsequent two months.

Is your ASX-listed firm doing one thing fascinating? Contact: matt.birney@wanews.com.au

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Supply by [earlynews24.com]