
September 01, 2022
Lefroy Exploration Limited (ASX: LEX) (“Lefroy” or “the Company”) is pleased to provide a progress report for the two-hole diamond drill program underway at the Burns Au-Cu intrusion-related mineral system. Burns is within the Company’s wholly owned Eastern Lefroy Gold Project, located 70km southeast of Kalgoorlie. The first hole, LEFD006, has been completed to a downhole depth of 1245.8m, with the second hole, LEFD007a, located 240m to the south now underway.
- The EIS co-funded diamond drill hole, LEFD006, has been completed to a downhole depth of 1245.8m. This is the deepest hole completed at Burns to date.
- LEFD006 intersected a suite of diorite-porphyry units over a broad 195m downhole interval, from 710m to 905m. These units are broadly grouped as the Central Porphyry, and has established that the vertical continuity of the intrusive system previously found by shallower drilling extends to 1000m from surface and that it remains open for further extension along strike and at depth
- In addition, the hole has established four key geological domains, including the Central Porphyry suite, which when combined define a 600m width to the intrusive system and provide further evidence that Burns is a large-scale mineral system.
- Each of the four geological domains has a different alteration and mineralisation assemblage, which evidences that Burns is a multi-stage mineral and porphyry system.
- Core samples from LEFD006 have been submitted in batches to the laboratory, with first results expected in September
- The second diamond drill hole, LEFD007a, is at 231m downhole, with a planned 500m hole depth. LEFD007a is 240m south of LEFD006 and has intersected multiple intervals containing native copper within the altered Western Basalt (see below).
Lefroy Exploration Managing Director Wade Johnson said “This is an exciting phase of drilling at Burns where we are now demonstrating the larger scale of the alteration zonation and the extent of the multiphase porphyry intrusions, which extend to at least 1000m below surface. There is a large body of altered rock outboard of the Central Porphyry, with a width of at least 600m, which now extends at least 240m to the south of LEFD006, as observed in LEFD007a. We continue to believe it is indicative of a mineralised, hydrothermal, Archean- age porphyry system, with an alteration footprint that is broader than we have anticipated.”
Burns is a new and unique style of an intrusion-related, gold (Au)-copper (Cu)-molybdenum (Mo)-silver (Ag) mineral system, hosted by Archean age rocks in the Eastern Goldfields Province (EGP) of Western Australia. LEX is aiming to advance the understanding of the scale and genesis of the system through this deep drilling program.
The gold, copper, silver (and lesser molybdenum) mineralisation, hosted by multiple, diorite-porphyry intrusives and high-magnesium basalt, are considered by the Company to be a new and unique style of gold-copper mineralisation near Kalgoorlie, located within a land holding dominated by LEX.
Click here for the full ASX Release
This article includes content from Lefroy Exploration Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The Conversation (0)
05 June
Editor's Picks: Gold, Silver Prices Take a Hit, Russia Makes Bold Gold Claim
Gold was shaping up to have a fairly calm week, but a stronger-than-expected US jobs report sent it well under US$4,400 per ounce as the period came to an end.Silver also took a hit, dropping below US$69 per ounce.The report, which shows that nonfarm payrolls rose by 172,000 in May, has further... Keep Reading...
05 June
Russia Claims Record Gold Output as Production Estimates Diverge
Russia's natural resources minister surprised the mining industry this week with news that the country's gold output may have hit 485 metric tons in 2025, and should come in at 480 to 500 metric tons this year. The figures are in contrast to independent estimates — according to Metals Focus,... Keep Reading...
04 June
Chris Vermeulen: Gold, Silver Prices — My Upside and Downside Targets
Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, shares his outlook for gold and silver, saying he believes the current cycle is only halfway through. However, he thinks prices for both metals could fall further before resuming their uptrend.Don’t forget to follow us... Keep Reading...
04 June
McFarlane Lake Shares Jump 25 Percent on Gentile Support
Shares of MCFARLANE LAKE MINING (CSE:MLM,OTCQB:MLMLF) rose 25.64 percent this week, after the Canadian junior secured a US$4.86 million private placement led by well-known mining investor Michael Gentile.Gentile is taking the bulk of the non-brokered placement, subscribing for US$4.57 million,... Keep Reading...
04 June
Blue Jay Gold Details Fully Funded Exploration Program at Steller Gold Project in Yukon and Confirms Listing Date
Blue Jay Gold Corp. (TSXV: JAY) (“Blue Jay” or the “Company”), today outlines its fully funded 2026 exploration program at the Steller Gold Project ("Steller" or the "Project") in the Yukon Territory, ahead of the Company's expected listing on the TSX Venture Exchange (the "TSXV") under the... Keep Reading...
02 June
Ronald-Peter Stoeferle: Gold Price Hasn't Topped, on Track for US$8,900
Ronald-Peter Stoeferle of Incrementum shares takeaways from the latest "In Gold We Trust" report, emphasizing that gold is currently in a bull market consolidation phase.Overall he believes the yellow metal is in the midst of a "golden decade" that will ultimately take it to his price target of... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00





