The Lefroy (ASX:LEX) share price has been on a wild ride recently
Lucas Radbourne | April 30, 2021 4:47pm |
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Lefroy Exploration Ltd(ASX: LEX) share price rebounded strongly today after tanking 23% yesterday, following the company’s announcement of its recent drilling results.
The Lefroy share price closed the day up 13.83% to $1.07. Two days ago Lefroy shares were at $1.30, and two months ago they were at 20 cents.
Lefroy is a small-cap greenfield explorer, meaning it uses predictive digital modelling to try and strike gold where others haven’t looked. It’s been releasing near-constant market updates about its Copper-Gold Zones near Kalgoorlie in West Australia, where it’s targeting “multi-million-ounce gold discoveries”.
Tanzanian Gold’s Buckreef on course to be a significant gold producer, says CEO Stephen Mullowney
The oxide test plant performance being explained to CEO Stephen Mullowney. Credit: Tanzanian Gold.
Tanzanian Gold’s (TSX: TNX; NYSE: TRX) Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania, is on track to become the region’s newest gold mine, according to the company’s CEO Stephen Mullowney.
The project involves the re-development of the past-producing Buckreef underground gold mine operated by a state-owned mining company during the late 1980s. The mine closed in 1990 due to low gold prices and lack of working capital.
119,674 tonnes @ 1.19 g/t containing 4,579 oz of gold; 6,462 tonnes @ 2.88 g/t was crushed and 6,706 tonnes was milled with an average grade of 2.71 g/t; . | January 15, 2021