Lefroy Exploration Extends Near-surface Gold Resources at Mt Martin

THE DRILL SERGEANT: Lefroy Exploration (ASX: LEX) updated the Mineral Resource Estimate (MRE) for the Mt Martin deposit located in the company’s Location 45 freehold property in the Eastern Goldfields of Western Australia.

Lefroy Exploration recent work has focused on growth in the near-surface gold resource base at its 100 per cent-owned Mt Martin project.

These efforts resulted in the estimate of 9.25 million tonnes at 1.47 grams per tonne gold for 439,000 contained ounces, which represents a 13 per cent increase in near-surface ounces.

Lefroy explained the near-surface resource growth was underpinned by an additional 29 drill holes completed within both the Main Shear and East Shear at Mt Martin that encountered numerous intersections.

“We are very pleased to provide an update on the Mt Martin resource, further demonstrating the company’s strong base of near-surface gold resources within the Lefroy project,” Lefroy Exploration CEO Graeme Gribbin said n the company’s ASX announcement.

“Located within the freehold property of Location 45, which affords a streamlined pathway to ultimate commercialisation, the Mt Martin resource is well located within the Kalgoorlie-Kambalda district, strategically placed adjacent to existing haulage and gold processing infrastructure.

“We are most encouraged by the increase in our near-surface resource ounces at Mt Martin and believe that with future near surface programs targeting the Main, East and Adelaide Shear down-plunge to the north, there is a pathway to grow the resource even further.

“Coupled with our recent MRE update announcement where we demonstrated the shallow high-grade potential of the Burns Central gold deposit, the company will now embark on exploration activities across the broader Lefroy project to unlock further value in the region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE