LEFROY EXPLORATION SET TO TEST HIGH-GRADE GOLD TARGETS

Significant Exploration Review Points to Promising Prospects

Lefroy Exploration Limited (ASX:LEX) has announced the impending resumption of its exploration activities focusing on high-grade gold targets following a comprehensive internal project review.

Strategic Exploration Developments:

  • The target review has broadened Lefroy’s exploration portfolio, now comprising a robust pipeline of high-potential projects.
  • The company is preparing to embark on resource delineation and growth opportunities, with exploration programs scheduled to commence in April 2024.
  • Notable high-grade gold intersections at the Lucky Strike and Havelock projects include:
    • 8m @ 18.66g/t Au, including an impressive 5m @ 28.1g/t Au
    • 11m @ 3.48g/t Au and 22m @ 2.49g/t Au
    • 3m @ 13.37g/t Au among other significant assays.

Future Outlook and Plans:

  • The company has identified several early-stage targeting frontiers aimed at uncovering the next generation of gold discoveries for the benefit of Lefroy shareholders.
  • With an extensive 635km² Lefroy Project area to explore, the company’s seasoned team is eager to systematically test the high-ranking targets identified in the review.

Executive Insight:

Lefroy Exploration CEO Graeme Gribbin expressed optimism about the upcoming exploration activities:

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… 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.

Read the full announcement

Goldman

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