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Lexington Gold announces initial Phase 1 JKL 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 first three drill holes from the company’s recently completed six-hole Phase 1 drilling campaign at the Jones-Keystone-Loflin (JKL) Project. Results for the remaining three drillholes will be announced following their receipt from the SGS laboratory in Vancouver in due course.

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

  • Initial assay results for 3 of the 6 diamond drill holes from the recent JKL Project campaign reveal intersections of significant gold mineralisation above 100 m depth.
  • Selected assay highlights include:
    • 35.7 m at 1.15 g/t gold (Au) from surface to 35.7 m including 18.9 m at 1.57 g/t Au from surface to 18.9 m.
    • 32 m at 0.97 g/t Au from 53.9 m to 85.9 m including 6.1 m at 3.36 g/t Au from 79.9 m to 86 m and 1.5 m at 9.5 g/t Au from 79.9 m to 81.4 m.
  • Drilling indicates continuation of broad zones of shallow gold mineralisation.
  • JKL was selected as the first project for drilling due to its promising historical drill hole intersections and geological similarities with the third-party Haile Mine which has a mineral resource grade of 1.67 g/t Au.
  • The initial drill results show a good correlation to the historical drilling.
  • 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.
  • In light of the promising results achieved so far at the JKL Project additional drilling will be conducted in due course as a Phase 2 drilling campaign.
  • Assay results for the remaining three holes remain pending, two of which holes were positioned to test the eastern down-dip and eastern extent of the known mineralisation.

Bernard Olivier, Lexington Gold’s CEO, commented: “We are very pleased with the initial results from the first half of our six-hole Phase 1 drill programme at the JKL Project. These results add to our understanding of the project’s mineralisation and not only confirm the presence of broad zones of over 30 m intersections of significant gold mineralisation but, importantly, all the zones are located close to surface and at surface. Furthermore, high-grade gold intersections of up to 9.5 g/t Au have been encountered.”

“The remaining results are expected in the coming weeks and will provide the company with an even greater understanding of the project’s potential and support our ongoing planning for the Phase 2 drill programme at JKL.”

Read the article online at: https://www.globalminingreview.com/exploration-development/26052021/lexington-gold-announces-initial-phase-1-jkl-drill-results/

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