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An announcement from Lefroy Exploration Ltd. ( (AU:LEX) ) is now available.
Lefroy Exploration Ltd. has announced exceptional assay results from its initial grade control drilling at the Lucky Strike Gold Project, particularly in the northern pit area. These results, which include high-grade gold intersections, have exceeded expectations and reinforce the company’s confidence in the project’s mineral system. The drilling program is fully funded by BML Ventures, allowing Lefroy to proceed without upfront costs. The success of this program highlights significant high-grade mining opportunities and potential growth at Lucky Strike, with a diamond drilling program set to commence soon.
More about Lefroy Exploration Ltd.
Lefroy Exploration Ltd. is a company in the mining industry, focusing on gold exploration and development. Their primary project is the Lucky Strike Gold Project, which has a mineral resource estimate of 1.27 million tonnes at 1.95 g/t gold, equating to 79,600 ounces. The company is working on developing three separate resources totaling one million ounces over the next few years.
Average Trading Volume: 237,624
Technical Sentiment Signal: Sell
Current Market Cap: A$21.86M
For an in-depth examination of LEX stock, go to TipRanks’ Stock Analysis page.
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