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Lefroy Exploration Enhances High-Grade Gold Growth Case for Mt Martin Deposit
['Nik Hill']
Small Caps
Lefroy Exploration (ASX: LEX) has returned high-grade gold intersections from Mt Martin that extend beyond the deposit’s current 460,000-ounce mineral resource estimate (MRE) and strengthen the case for further resource growth.
Drilling also confirmed continuity along the East Shear, where high-grade mineralisation remains open down plunge across an under-drilled strike length of more than 1 kilometre.
The results will feed into geological modelling and future targeting while Lefroy progresses the Mt Martin scoping study for completion during the September quarter.
Lefroy identified the East Shear as a major growth opportunity because historical drilling and mining were concentrated more heavily on the North Shaft, West, and Main Shear zones.
“Importantly, they provide us with a new platform for understanding the best corridors for resource growth [and] complement our broader strategy of expanding our 1Moz gold resource base,” he said.