Lexington Gold provides operational update

Highlights

• Contract signed with an experienced local drilling company for an initial minimum 610 m diamond core drill programme at the Jones-Keystone-Loflin (JKL) Project.
• All requisite environmental approvals for the preparation of the drill sites and drilling programme have been received.
• The initial drilling campaign will focus on the south-western (Loflin) side of the JKL Project.
• Six holes are planned by way of infill drilling in order to expand on and confirm the findings of historical third-party drilling undertaken on the Loflin property.
• The company has incorporated the historical third-party drilling information from JKL into a 3D model that was used to plan the current drilling campaign.
• Drilling is planned to commence later in February once the operating crew for the diamond drill rig become available from other third-party projects they are working on.
• Geotech Airborne Geophysical Surveys has completed the processing of the VTEM survey geophysical data captured in December 2020 and the company is currently undertaking the interpretation and modelling of this data.
• A fixed-wing airborne geophysical survey has commenced over the JKL, Carolina Belle and Argo Projects in North Carolina.

Bernard Olivier, Lexington Gold's CEO, commented: "I am pleased to announce the progress that has been made on the ground since our re-admission, notwithstanding the typical delays associated with the festive season as well as some unforeseen delays, particularly with regards to the commencement of drilling, that we have experienced as a result of the COVID-19 pandemic.

"We are excited to shortly be commencing our first drilling campaign at the JKL Project. We believe the Loflin area of the JKL Project presents excellent potential and is an exciting starting point for our first drilling campaign, especially given the historical drill intersections at Loflin, including 48.8 m at 1.12 g/t gold from surface.

"We anticipate commencing the drilling campaign within the next few weeks and look forward to reporting the drilling results as well as making further updates regarding the geophysical surveys in due course."

Read the article online at: https://www.globalminingreview.com/mining/03022021/lexington-gold-provides-operational-update/