Lefroy Exploration (ASX:LEX) is preparing to restart drilling work next month at its suite of gold projects in the Kalgoorlie-Kambalda region of Western Australia following a comprehensive review laying out priority targets to be pursued.
The company has already identified resources at the Mt Martin and Lucky Strike projects, and is focusing on growing these, as well as progressing pre-resource exploration at Lucky Strike South, Havelock, Erinmore and Coogee, and conducting early-stage exploration at its Western Lefroy joint venture and the Lake Johnston and Location 45 areas.
Most enticing in this regard is the list of untested high-grade intersections identified at Lucky Strike and Haverlock, among which is which is: 8 metres at 18.66 grams per tonne from 145m, including 5m at 28.1g/t from 145m; and 11m at 3.48 g/t from 170m.
CEO Graeme Gribbin said the exploration would seek to build on what Lefroy had already identified at its numerous suite of projects.
“Following the Company’s corporate restructure and cost reductions, we are now rapidly advancing towards unlocking value from our diverse portfolio of exploration projects around the extensive 635km2 Lefroy Project,” he said.
“Our experienced team has worked methodically and systemically across the entire Company of projects since the start of 2024 to identify the highest-ranking targets for testing. Anticipation is rising as we recommence our gold exploration program in April.
“Lucky Strike, which has an existing 80,000 ounce resource declared in 2020 and nearby Havelock represent stand-out near-surface exploration and resource extension opportunities, close to existing infrastructure.”
Lefroy holds a contiguous land package of 635 square kilometres in the Western Australian goldfields region with an approximate mineral resource of 1.1 million ounces of gold, 58,000 tonnes of contained copper and 14,780 tonnes of contained nickel.
Lefroy is trading at 10c.