Lefroy Exploration (ASX:LEX) has launched a 17-hole Reverse Circulation (RC) drill programme across Lucky Strike and Havelock targets within its 635 sq. km Lefroy Project area in WA.
The Lucky Strike exploration district straddles the Mt Monger Fault and incorporates a significantly underexplored corridor prospective for banded iron formation (BIF) hosted gold mineralisation.
Lucky Strike was discovered by Lefroy in 2020 when wide-spaced air core (AC) drilling defined a gold mineralised trend spanning a 3km strike length. Subsequent RC drilling led to Lefroy delivering a maiden Mineral Resource Estimate (MRE) of 1.27Mt @ 1.95 g/t Au for 79,600oz of gold.
Originally identified by Lefroy as a prospective target in 2018, the Havelock corridor is located approximately 35km east of Kambalda and is defined by a 9.5km linear magnetic unit parallel to and southwest of the Lucky Strike trend.
The current RC drilling programme will test several banded iron formation (BIF) hosted areas of interest along strike and down plunge from significant historic drill intersections recorded by Lefroy in 2020 (Lucky Strike) and 2022 (Havelock).
The programme will move between target areas, both of which have confirmed prospectivity off the back of significant historical gold intersections.
“Our campaigns at Lucky Strike and Havelock are exciting for a number of reasons, not least because they present standout targets with significant prospectivity confirmed from successful drilling programs conducted in 2020 and 2022,” CEO, Graeme Gribbin, said.
“The potential to expand the resource base at Lucky Strike, where Lefroy already holds a 79,600oz maiden resource at 1.95g/t Au, coupled with the possibility to advance and grow the mineral footprint at Havelock represents an exceptional growth opportunity for the Company.
“Havelock and Lucky Strike represent the first of a number of pre-resource and resource extension exploration targets Lefroy is advancing in a phased approach, coupled with advancing the resource base at Mt Martin under our renewed strategic focus of growing our 1.1Moz gold inventory.”
