Recent drilling is said to have "confirmed a coherent high grade zone that has a strike length of 100m and remains open at depth".
Better recent hits included 5m grading 13.6 grams per tonne from 84m downhole, and 14m at 2.8gpt from 78m.
"The results from this recent program provide support for high-grade gold mineralisation associated with sulphide altered BIF that is becoming more apparent with deeper drilling," Lefroy said.
"The company interprets this as evidence that the system is becoming more robust with depth … (with) the constraints to the BIF package yet to be established."
Diamond drilling is now underway and a mining lease application has been lodged, with the latter expected to take nine months to be granted.
Lucky Strike is...