Announcement Date: 2022-08-08
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Lexington Gold Ltd.
Project name: Jones-Keystone-Loflin
Location: United States
Commodities: Gold
Highlight: Updated Resource Estimate for Project
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 the completion of an updated independent JORC (2012) Mineral Resource Estimate for the Loflin side of the Jones-Keystone-Loflin (“JKL”) Project prepared by Pivot Mining Consultants Pty Ltd (“Pivot”). Pivot was requested by Lexington to update the Mineral Resource Estimate (effective date 31 July 2022) for the Loflin Project, located in North Carolina, USA, utilising the additional drilling completed by Lexington in 2022. The Mineral Resources have been reported in accordance with the guidelines of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition)” (JORC Code). The Mineral Resource Estimate was undertaken by Ken Lomberg, who is a Competent Person with the requisite professional experience, as described in the JORC Code. Mr Lomberg is the Director of Geology and Resources at Pivot. Pivot is an independent technical consulting group, with no direct or indirect interests in Lexington Gold. Neither Pivot, nor the key personnel responsible for its work, have any material interest in Lexington Gold, the companies associated with this project, their subsidiaries or their mineral properties.
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