Lexington Gold provides update on US and SA drill programmes

Highlights:

Jennings-Pioneer Project, US:

• Diamond drilling activities at Jennings-Pioneer have commenced and are expected to take approximately a month to complete.
• The drill programme is targeting gold mineralisation adjacent to the historic Barite Hill Main opencast mine, leveraging off modern and historical exploration data.
• The drill targets are three distinct gold ore zones that lie along and marginal to the contact between the Lower Pyroclastic Unit and the Upper Pyroclastic Unit of the Persimmon Formation.
• Historic assay results from Barite Hill indicate copper, silver, and possibly tellurium by-product potential.
• Assay results from the current programme will be used to update and expand Lexington Gold’s implicit grade shell model for the Barite Hill Trend.
• Geologic logging of the drill core will be used to update and expand the company’s explicit geologic model for the Barite Hill Trend.

Bothaville Project, South Africa:

• Drilling activities at Bothaville have been successfully completed for a total of 2355 m comprising a total of four mother holes and five deflections.
• Initial observations indicate the potential presence of mineralisation in three of the mother holes.
• The fourth mother hole was terminated without intersecting the targeted Kimberley Reef horizon due to the presence of a geological structure that appears to have displaced the A-Reef to greater depths.
• The core from the final two holes are currently undergoing logging, cutting, and sampling in preparation for submission to SGS Laboratory Services for assay analysis.

Ed Nealon, Lexington Gold’s Chairman, commented:

“The commencement of drilling at our Jennings-Pioneer Project in the US and the successful completion of drilling at our Bothaville project in South Africa represent significant milestones in our strategic gold exploration initiatives. These developments not only underscore our commitment to advancing our exploration efforts but also highlight the potential of our diversified project portfolio. We look forward to receiving the assay results in due course and updating the market on our findings.”

Read the article online at: https://www.globalminingreview.com/mining/26032024/lexington-gold-provides-update-on-us-and-sa-drill-programmes/