Actualización operativa sobre: Perforación en EE. UU. y Sudáfrica
25 de marzo de 2024
lexington oro ltd
("Lexington Gold" o la "Compañía")
Operational Update re:
Drilling in USA and South Africa
Lexington Gold (AIM: LEX), the gold exploration and development company with projects in South Africa and the USA, is pleased to provide an operational update on its drill programmes at both the Jennings-Pioneer Project in the USA and the Bothaville Project in South Africa.
Destacados:
Jennings-Pioneer Project, USA:
· 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 open pit, 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 2,355m 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, presidente de Lexington Gold, comentó:
"The commencement of drilling at our Jennings-Pioneer Project in the USA 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."
Información adicional
Proyecto Jennings-Pioneer
Modelling of data from historic third-party exploration and mining activities at the Barite Hill Main Pit mine plus recent exploration data generated by the Company indicates that the gold mineralisation continues from the pit along strike and down plunge onto the Jennings-Pioneer Project area. Historic data includes over 12,000 blast hole gold assays, 2,239 exploration drill hole gold assays from 118 drill hole collars, 442 trench gold assays from 18 surface trenches and numerous United States Geologic Survey reports. The models also incorporate recent Lexington Gold exploration data including from an air-borne geophysical survey, multi-element assays from a soil grid and field mapping. Such data has been utilised to create an explicit geologic model and an implicit grade shell model, which have facilitated target generation for the current drill programme. The drill programme is designed to test the three zones of mineralisation indicated by the models and to expand our geologic knowledge of the area to the northeast and down plunge of the Barite Hill Main Pit.
Bothaville Project
The drill programme comprised a total of 2,355m of combined percussion and diamond drilling (including deflections). This initial drill campaign at Bothaville is aimed, in particular, at investigating the area around a historical drill hole (CC2) en el que A-Reef arrojó una ley de oro promedio en cinco intersecciones de aproximadamente 5.1 g/t Au en un intervalo corregido de 77 cm. The programme is seeking to investigate both the downdip-channel and cross-channel gold mineralisation potential at an estimated depth of approximately 250m to 450m below the surface.
Declaración de la persona competente
La información contenida en este anuncio que se relaciona con las actividades de exploración se basa en información recopilada por Edward Nealon, presidente de Lexington Gold. El Sr. Nealon es miembro del Instituto de Minería y Metalurgia de Australasia (Australasian Institute of Mining and Metallurgy, Australasian Institute of Mining and Metallurgy, Australasian Institute of Mining and Metallurgy, Australasian Institute of Mining and Metallurgy, Australasian Institute of Mining and Metallurgy, Australasian Institute of Mining and Metallurgy, Australasian Institute of Mining and Metallurgy, Australasian Institute of Mining and Metallurgy, Australasian Institute of Mining and Metallurgy, Australasian Institute of Mining and Metallurgy, Australasian Institute of Mining and Metallurgy (AusIMM). Edición de diciembre de 2012 del "Código de Australia para la presentación de informes sobre resultados de exploración, recursos minerales y reservas de mena" (Código JORC). El Sr. Nealon consiente en la inclusión en este anuncio de los asuntos basados en la información en la forma y el contexto en que aparece.
Para mayor información, favor de contactar: :
lexington oro ltd Bernard Olivier (director ejecutivo) Edward Nealon (Presidente) Mike Allardice (secretario de la empresa del grupo)
| www.lexingtongold.es a través de jersey amarillo |
Strand Hanson Limited (Asesor designado) Matthew Chandler/James Bellman/Abigail Wennington
| www.strandhanson.es T: + 44 207 409 3494 |
WH Ireland Limited (conjunto Broker) | www.whirelandplc.com |
katy mitchell | T: + 44 207 220 1666
|
Peterhouse Capital Limited (conjunto Broker) Duncan Vasey / Lucy Williams (Corretaje) Eran Zucker (Finanzas Corporativas)
| www.peterhousecap.com T: + 44 207 469 0930 |
Yellow Jersey PR Limited (Relaciones Públicas Financieras) Charles Goodwin/Annabelle Wills/Soraya Jackson | www.amarillojerseypr.com T: + 44 7747 788 221 |
La Compañía considera que la información contenida en este anuncio constituye información privilegiada según lo estipulado en el Reglamento de Abuso de Mercado (UE) No. 596/2014, ya que forma parte de la legislación nacional del Reino Unido en virtud de la Ley de (Retirada) de la Unión Europea de 2018 , modificado en virtud del Reglamento de Abuso de Mercado (Enmienda) (Salida de la UE) de 2019.
Nota para los editores:
Lexington Gold (AIM: LEX) es una empresa de exploración y desarrollo de oro que actualmente tiene participaciones en cuatro proyectos de oro diversos, que cubren un área combinada de aproximadamente 1,675 acres en Carolina del Norte y del Sur, EE. UU. y en cinco proyectos de oro que cubren aproximadamente 89,505 hectáreas en Sudáfrica. .
Más información está disponible en el sitio web de la Compañía: www.lexingtongold.es or follow us through our social media channel:
X (anteriormente conocido como Twitter): @LexGoldLtd
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