Lexington Gold, a gold exploration and development company with four projects in North and South Carolina, USA, has announced the completion of its Phase 1 drill programme at the Jones-Keystone-Loflin (JKL) Project.
The JKL Project was selected as the first project for drilling due to its geological similarities with the third party Haile Mine and its promising historical drill hole intersections.
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 Corp.
- Successful completion of the Phase 1 drill programme at the JKL Project.
- All six holes intersected visible sulphide mineralisation, which is an encouraging indicator of the presence of gold.
- Drilling programme completed within budget.
- Samples from the first four drill holes have been submitted to SGS Minerals Services Geochemical Laboratory (SGS) in Vancouver for gold analysis.
- Assay results are expected to be received in batches over the coming weeks and will be reported once they have been collated and interpreted.
- Core logging, geophysical measurements and sampling of the final two drill holes in the campaign is currently being completed.
- Drill site rehabilitation has been completed in respect of the first four holes and is currently underway at the final two drill hole locations.
Bernard Olivier, Lexington Gold's CEO, commented: "With the completion of the Phase 1 drill programme at JKL, we continue to work towards establishing an initial maiden resource estimate for JKL. We are very encouraged by the amount and visible nature of the sulfides encountered, which are historically associated with gold mineralisation at JKL, and furthermore by the fact that sulfides were intersected in all of the core samples taken. We look forward to reporting the results of the assay analysis once they are received and collated, and will incorporate all of the drilling and assay data into our 3D model to assist with the design of our planned Phase 2 drilling campaign at JKL."
Read the article online at: https://www.globalminingreview.com/exploration-development/21042021/lexington-gold-completes-phase-1-drill-programme/