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Lexington Gold announce final Phase 1 drill results

Published by
Global Mining Review,


Lexington Gold, a gold exploration and development company with projects in North and South Carolina, USA, has announced the assay results received in respect of the remaining three drill holes from the company's recently completed six-hole Phase 1 drilling campaign at the Jones-Keystone-Loflin (JKL) Project.

Lexington Gold's four-project portfolio covers a combined area of approximately 1675 acres in the highly prospective Carolina Super Terrane (CST) located in North and South Carolina, USA. The CST has seen significant historic gold production and is host to a number of multi-million-ounce mines operated by large-scale companies, including the Haile Mine operated by OceanaGold Corporation.

Highlights

  • Assay results received for the remaining three diamond drill holes from the recent JKL Project drilling campaign reveal additional intersections of significant gold mineralisation above 50 m depth.
  • Selected assay highlights include:
    • 12.2 m at 1.39 g/t gold (Au) from 23.5 m to 35.7 m including:
      • 4.1 m at 2.57 g/t Au from 23.5 m to 27.6 m.
  • 35 m at 0.79 g/t Au from 9.8 m to 44.8 m including:
    • 6 m at 2.26 g/t Au from 9.8 m to 15.8 m.
    • 4.6 m at 1.43 g/t Au from 29.5 m to 34.1 m.
  • All six holes of the drilling campaign encountered intervals of gold mineralisation of over 1 g/t Au above 100 m depth.
  • Drilling campaign indicates continuation of broad zones of shallow gold mineralisation.
  • Full set of results to be incorporated into the company's 3D model which will become part of the current project database with the aim of working towards the establishment of a maiden mineral resource estimate for the project.
  • Further to the encouraging results from this drilling campaign, additional drilling will be conducted on the JKL Project in due course as part of a Phase 2 drill campaign.

Bernard Olivier, Lexington Gold's CEO, commented: "We are delighted to now have the full results from our Phase 1 drill programme at the JKL Project in hand and are extremely encouraged by the findings. All six holes intersected gold mineralisation including multiple broad zones of over 30 m including high grade gold mineralisation close to surface.

"Given all six holes intersected gold mineralisation of over 1 g/t Au above 100 m depth, and selected assays returned high grade results, we are extremely confident in the project's potential economics, and plan to undertake additional drilling in due course as part of a Phase 2 drill campaign."

Read the article online at: https://www.globalminingreview.com/exploration-development/15062021/lexington-gold-announce-final-phase-1-drill-results/

 
 

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