ASX-listed junior explorer Lefroy Exploration looks to have extended its promising Burns copper-gold prospect near Kambalda in Western Australia’s Goldfields region after receiving the initial 128 assay results from a maiden 8000 metre 199-hole aircore drill program. The company says the results continue to enhance the mounting belief it has a substantial intrusion related mineral system over a 2000 metre corridor and believes the findings add weight to its targeting process.
Lefroy says the data indicates the gold-bearing eastern porphyry is continuing to grow in size. The explorer is now awaiting assays for an additional four drill traverses to the north of the high-grade intersections. Meanwhile, at the Lovejoy magnetic target about 2000m northwest of Burns, Lefroy has delivered a suite of promising results from a wide-spaced drilling program that struck a diorite porphyry similar to that of the Burns prospect. The inaugural operation at Lovejoy was aimed at testing various magnetic anomalies beneath Lake Randall.
The Burns copper-gold prospect sits some 50 kilometres south-east of Kalgoorlie in the company’s Eastern Lefroy tenement package and forms part of its larger Lefroy gold project. The prospect borders the eastern rim of an enormous interpreted felsic intrusion that Lefroy has named the Burns intrusion. Intrusion related gold deposits are one of the most recent major mineralised systems to be discovered and boast serious potential.