Announcement Date: 2022-03-29
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lexington Gold Ltd.
Project name: Jones-Keystone-Loflin
Location: United States
Commodities: Gold,Silver
Highlight: Drilling results incl. 36m @ 1.67g/t Au, 1.89g/t Ag from 20m
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 that it has received initial assay results with respect to Loflin further to the Company’s recently completed 5,000m reverse circulation (“RC”) drilling programme. The assay results received relate to 8 of the 18 RC drill holes from the campaign at Loflin, namely 6 holes from Loflin South and 2 holes from the north-eastern extension of the main Loflin deposit. The Company’s Phase 1 drill campaign at the JKL project in 2021, intersected significant gold mineralisation, with the assay results showing a good correlation with the historical drilling results at Loflin. The Phase 1 campaign enabled the establishment of a maiden resource estimate for the Loflin side of the JKL project of 2Mt @ 1 g/t Au for 65k oz of contained gold to JORC standards. The Phase 2 drill campaign was designed to upgrade the initial maiden JORC resource estimate, as announced on 23 September 2021 and includes 8 drill holes to investigate the potential southern extension of Lofin.
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