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Lexington Gold receives initial Lofline drill results

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Global Mining Review,


Lexington Gold, a gold exploration and development company with projects in North and South Carolina, USA, has received initial assay results with respect to Loflin further to the company's recently completed 5000 m 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.

Highlights

  • Assay results confirm a significant new discovery, that has been named Loflin South . Selected assay highlights include:
    • Hole LFRC-006: 36 m at 1.67 g/t gold (Au) and 1.89 g/t silver (Ag) from 20 m to 56 m, including:
      • 12 m at 3.27 g/t Au and 2.9 g/t Ag from 28 m to 40 m.
      • 4 m at 5.63 g/t Au and 3.5 g/t Ag from 32 m to 36 m.
  • Hole LFRC-002: 20 m at 1.52 g/t Au and 1.67 g/t Ag from 16 m to 36 m, including:
    • 4 m at 3.01 g/t Au and 2.45 g/t Ag from 32 m to 36 m.
  • Hole LFRC-003: 8 m at 1.32 g/t Au from 80 m to 88 m, including:
    • 4 m at 1.45 g/t Au from 80 m to 84 m.
  • Loflin South, located less than 250 m south and south-east of the maiden Loflin JORC resource estimate, represents potential for significant expansion or addition to the current resource.
  • Succesful drilling has extended the north-eastern boundary of the known Loflin JORC resource with selected assays including:
  • Hole LFRC-008: 12 m at 1.26 g/t Au from 16 m to 28 m, including:
    • 4 m at 1.78 g/t Au from 20 m to 24 m.
  • Assay results returned silver values of up to 3.5 g/t Ag associated with gold mineralisation and zones of high sulfide alteration.

Bernard Olivier, Lexington Gold's CEO, commented: “These are excellent results and confirm the discovery, as recently identified from RC drill chips, of a significant new area of mineralisation, which has been named Loflin South. Assay results from Loflin South returned multiple wide, high-grade intersections close to surface, including 36 m at 1.67 g/t Au and 1.89 g/t Ag from 20 m below surface. Furthermore, drilling outside of the north-eastern boundary of the main Loflin resource has now extended the known boundary. We believe these initial results could contribute significantly to a potential upgrade of the maiden JORC resource estimate of approximately 65 000 oz Au established via our phase 1 drilling in 2021. We are further excited by the additional presence of silver associated with the gold mineralisation.”

Read the article online at: https://www.globalminingreview.com/exploration-development/29032022/lexington-gold-receives-initial-lofline-drill-results/

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