Announcement Date: 2022-03-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lexington Gold Ltd.
Project name: Carolina Belle
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 3m @ 3.68g/t Au from 64m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Lexington Gold (AIM: LEX), the gold exploration and development company with projects in North and South Carolina, USA, is pleased to announce assay results received in respect of the remaining 21 drill holes from the Company’s reverse circulation (“RC”) drilling programme at the Carolina Belle project (“Carolina Belle”). Highlights: Final assay results in respect of the Company’s reconnaissance drilling programme targeting multiple gold targets at Carolina Belle are extremely encouraging and include the following Carolina Belle comprises exploration and mining rights over a total of 391.98 acres, covering both the historical Iola and Uwarra mining areas. Discovered in 1901, the area was mined almost continuously until 1916, collectively producing approximately 50,000oz of gold until a dispute between the neighbouring mines of Iola and Uwarra prevented continued mining activities. Our first ever reconnaissance drilling campaign on Carolina Belle was completed in early December 2021 comprising a total of 32 drill holes for an aggregate of 2,630m drilled. A total of 738 samples comprising of 4 metre sample composites as well as standards, blanks and duplicates were then dispatched to SGS Canada’s laboratories in Vancouver (“SGS”) for assaying.
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