Lefroy Exploration (ASX:LEX) is set to commence a major regional air core (AC) drilling program across its broader Lefroy Project located 35km southeast of Kalgoorlie in WA.
The drilling will test a 40km zone along the Mt Monger and Talcum Faults corridor, a trend which hosts three separate, approximately 400,000 ounce deposits at Mt Martin, Salt Creek and Burns, but which remains vastly underexplored.
“Following the company’s corporate restructure, strategic review and cost reductions, we have had our shoulders to the wheel to unlock value from our diverse portfolio of gold exploration targets and prospects in the vast 635 sq. km Lefroy Project," CEO, Graeme Gribbin, said.
“Our team has worked methodically and systemically to identify the highest-ranking targets for drill testing, which forms part of the new extensive AC program set to commence in coming days.
“Located in a rich gold district presenting significant regional exploration upside, our systematic and methodical approach now progresses to drill testing our targets with this AC program, which will include up to 350 holes potentially for up to 15,000m.
"The programme is designed to target 40km of prospective strike along the Mt Monger to Talcum Faults, which both represent considerably underexplored gold corridors, and importantly will include our Location 45 ground that has not been subject to modern exploration at this scale in two decades.”
The company’s upcoming programme is set to commence in the last week of July and represents one of the largest regional AC campaigns ever conducted by Lefroy. Drilling is expected to last up to eight weeks with assay results anticipated to start being received by late August.
The drilling programme is designed to target 40km of prospective strike potential along both the Mt Monger and Talcum Fault corridors, extending from Neon and Lucky Strike to the southeast, up into the Carnilya Hill trend and northwest across to the highly prospective freehold Location 45.
The Mt Monger and Talcum Fault corridors possess exceptional gold endowment, with thre significant >400koz gold deposits anchoring both ends of the prospective trend, with Mt Martin to the northwest, along with Salt Creek1 and Burns, to the east and southeast. Large sections of the corridor remain vastly underexplored.
Location 45 hosts the Mt Martin Gold Mine which has an Indicated/Inferred resource of 501,175oz Au (8.7Mt @ 1.79 g/t Au). It presents significant potential for additional greenfields gold discoveries.
Location 45, acquired by the company in May 2023, has not received any modern systematic exploration on this scale for over 20 years.
