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Be the first with the news that moves the market- Lefroy Exploration’s JV partner, Gold Fields, has commenced a reverse circulation (RC) drilling program at the Zanex prospect
- The 6800-metre drilling program will test beneath and along strike of a gold anomalous trend which Gold Fields previously defined
- The RC drilling program is expected to take two months to complete
Lefroy Exploration has announced its JV partner has commenced a reverse circulation (RC) drilling program at the Zanex prospect at Lake Lefroy.
South African explorer Gold Fields is conducting the RC drilling program as part of a $25 million farm-in and joint venture agreement signed in June 2018.
Under the agreement, Gold Fields can earn up to a 70 per cent interest in the company’s Lake Lefroy tenements, which cover 372 square kilometres. These tenements form part of the Western Lefroy Gold Project, located 50 kilometres southeast of Kalgoorlie.
Since entering the joint venture, Gold Fields has undertaken extensive drilling programs which have significantly enhanced the Zanex prospect.
The current program will involve approximately 6800 metres of RC drilling in wide-spaced drill traverses to cover the full extent of the Zanex trend. The drilling will penetrate into fresh rock to gain an understanding of the style and extent of any primary mineralisation.
The program is designed to test beneath and along strike of a gold anomalous trend which Gold Fields defined during early stage wide-spaced air-core drilling.
Earlier this year, Gold Fields conducted drilling which extended the strike of the Zanex trend to 4000 metres under the sediments of Lake Lefroy.
Some of the multiple strong shallow gold intersection along the strike of Zanex include: 9 metres at 2.73 grams per tonne gold from 32m, and 8 metres at 1.56 grams per tonne gold from 36m.
The RC drilling program is expected to take two months to complete. Lefroy will report on results as they become available.
