Lefroy Returns 8m at 3.93g/t Gold Outside Mt Martin Resource

Lefroy Exploration (ASX: LEX) has returned high-grade gold intersections from its Mt Martin deposit that sit outside the current 460,000-ounce resource estimate and strengthen the case for further expansion. The results include 8 metres at 3.93 grams per tonne gold from 141 metres, with a 3-metre interval at 9.44g/t, and 6 metres at 5.48g/t from 69 metres including 2 metres at 12.8g/t.

Drilling also confirmed continuity along the East Shear, where high-grade mineralisation remains open down plunge across a strike length of more than 1 kilometre that has been sparsely drilled. Lefroy identified the East Shear as a major growth opportunity because historical work concentrated more heavily on the North Shaft, West and Main Shear zones. The results will feed into geological modelling as the company progresses a scoping study for Mt Martin due in the September quarter.

Mt Martin holds a mineral resource estimate of 9.1 million tonnes at 1.6g/t gold for 460,000 ounces, split between an Indicated resource of 3.9 million tonnes for 200,500 ounces and an Inferred resource of 5.2 million tonnes for 259,500 ounces. The reverse circulation program comprised 37 drill holes for 5,046 metres across the Main and East Shear corridors, targeting both near-surface zones and down-plunge extensions.