Lefroy Exploration Gets Mt Martin Resource Extension Drilling Underway

THE DRILL SERGEANT: Lefroy Exploration (ASX: LEX) has started resource expansion drilling at the company’s Mt Martin Gold Mine outside Kalgoorlie in Western Australia.

Lefroy Exploration explained this drilling is to be the first new exploration undertaken at Mt Martin in over ten years and will entail some 37 reverse circulation (RC) drill holes planned to evaluate multiple shallow west dipping gold mineralised structures over a 1000m strike length.

The company has interrogated limited shallow historic drilling, from which it has ascertained there to be multiple mineralised shear structures outside the open pit that remain largely untested, including the Adelaide Shear.

This program is designed to extend known mineralised shear zones outside the historic mine workings and deliver additional gold resources for open pit mine development planning.

This program is expected to be completed within three weeks with initial assay results anticipated to be returned in early December, and final results in January 2024.

“We are thrilled to kick off our maiden resource drilling program at the Mt Martin Gold Mine located within Location 45 where we recently acquired the mineral rights over this freehold property,” Lefroy Exploration managing director Wade Johnson said in the company’s ASX announcement.

“Mt Martin contains a significant gold resource beneath the open pit that has remained undrilled for almost 10 years and that presents an opportunity for near term development.

“Our aim is to rapidly assess and grow the resource to pursue restart of the mine as the gold price continues to strengthen.

“We are fortunate to have several major gold mines neighbouring Mt Martin and believe this provides potential options to rapidly realise value from this asset, in addition we have developed a strong exploration framework to significantly grow the resource.”