Lefroy Exploration Limited (ASX: LEX) has hit a promising gold intersection in a recently completed diamond drilling (DD) program at the Hang Glider Hill (HGH) prospect, located within the Lefroy Gold Project.
Managing Director Wade Johnson said the early stage three-hole diamond drilling program completed at the Hang Glider Hill gold prospect has intersected visible gold in the first hole.
Intersections from the hole include 6.8m @ 1.86 g/t Au from 53.7m; incl. 1.05m @ 7.42g/t Au and 7.68m @ 0.66g/t Au from 44m.
The three angled holes were designed to evaluate the geology beneath the topographical feature known as Hang Glider Hill and constitute the maiden drilling by Lefroy at this developing gold prospect.
Hang Glider is located approximately 8km south west of the high-grade Daisy Milano underground mine operated by Silver Lake Resources and central to three operating gold plants at Jubilee, St Ives and Randalls. Each of these plants is within 35km of HGH.
HGH was recognised by the company in early 2018 following the discovery of numerous gold nuggets and the definition of a north-westerly gold trend subsequently defined by surface sampling extending 2.3km from the original HGH nugget find.
Gold nuggets have been found in close proximity to the Hill, and also up to 2km along strike and are interpreted to be derived from a primary source.
Mr Wade said the results from this early stage diamond drilling have confirmed gold mineralisation within the sheared and quartz veined rock package. The diamond holes 80m along strike either side of intersected a similar geological sequence but were not significantly mineralised.
Planning of the next stage of drilling activity is underway. This will include auger drilling to both infill the existing grid, but also to extend to the north west into tenure only granted this year. The auger drilling is expected to commence in the March quarter of 2020.
The company has commenced a detailed geological mapping programme focused along the trend. This work will incorporate assessment and inclusion of mapping conducted by previous exploration companies that were focused on nickel, including WMC and BHP during the 1970’s and 1980’s.
Mr Wade said Integration of the results from the geological mapping, the auger drilling and incorporating knowledge from the recent diamond drilling will guide a focused drilling programme along the 4km trend that will include a combination of air core, reverse circulation and diamond drilling.
