Lefroy Exploration Limited (ASX: LEX) has secured an application for a key tenement to cover a prime land position within the greater Lefroy Gold Project (LGP) area near Kalgoorlie.
The tenement known as Burns is located within Lefroy’s Eastern Lefroy tenement package.
The Burns gold-copper prospect was discovered by Octagonal Resources Limited in 2011. The area was initially identified as a priority exploration target area for gold mineralisation by Western Mining Corporation in the 1990’s and later by Newmont in the mid 2000’s.
In May 2011 Octagonal discovered significant gold and copper anomalism in the regolith (weathered rock) from aircore (AC) drilling. This defined a one square kilometre area of gold anomalism and a two-kilometre-long copper anomaly.
This initiated multiple programmes of reverse circulation (RC), diamond drilling and geophysical surveys during the period 2012-2016. The drilling intersected broad zones of gold (Au) and copper (Cu) associated with magnetite-biotite alteration and hosted in high-magnesian basalt and intermediate intrusive rocks.
Lefroy managing Director Wade Johnson said the new application for exploration licence E15/1715 covering Burns was determined by a highly competitive ballot involving competing applications conducted by the Mining Warden in Kalgoorlie in late November.
E15/1715 held by Monger Exploration Pty Ltd, a wholly owned subsidiary of the company, was first drawn and the application will now progress through the statutory process to grant title which is expected to take at least six months.
The application covers an area of approximately 21 sq. km to seal a former gap in LGP tenement package. The tenements containing the Lucky Strike, Neon and Havelock prospects adjoin E15/1715 to the west and now link with the single tenement at Lake Randall, giving the company a commanding prospective land position in this area.
Lefroy’s Non-JV Eastern Lefroy tenement package now covers 249 sq. km and spans 40 strike kilometres from the Hang Glider Hill prospect in the north west as one contiguous wholly owned land package to Lake Randall in the south east. The Lefroy Gold Project in its entirety now covers 621 sq. km.