Actualización sobre: Programa de ejercicios Jennings-Pioneer
16 de abril de 2024
lexington oro ltd
("Lexington Gold" o la "Compañía")
Update re: Jennings-Pioneer Drill Programme, South Carolina, USA
Lexington Gold (AIM: LEX), the gold exploration and development company with projects in South Africa and the USA, is pleased to announce that the gold, silver and copper exploration drill programme at its Jennings-Pioneer Project in South Carolina, USA ("Jennings-Pioneer") has now been completed.
Destacados:
· Drilling activities at Jennings-Pioneer have been successfully concluded for a total of 495m comprising three diamond core holes.
· Visual observations of massive sulphides, semi-massive sulphides, and associated quartz barite veins were found in all three holes.
· Initial indications suggest that all target mineralised zones of the Barite Hill trend were successfully intersected, namely the Middle Ore Zone, the Foot Wall Ore Zone and the Red Hill Ore Zone targets of the Barite Hill.
· Chalcopyrite was observed in massive sulphide zones and in quartz barite veins indicating the presence of copper mineralisation at Jennings-Pioneer.
· The drill core is currently undergoing cutting and sampling during the remainder of April 2024 for submission to the ALS Laboratory in Reno Nevada, USA with assay results currently expected to be returned by June 2024.
Ed Nealon, presidente de Lexington Gold, comentó:
"These are very promising initial findings from our Jennings-Pioneer exploration drilling programme. With such positive indications and observations, we continue to press ahead with our activities and expect to have the drill core cut and sampled by month end. With the subsequent assay results expected to be received in June 2024, we look forward to providing further updates to shareholders in due course."
Información adicional
Preliminary geologic observations on the 495m of diamond core obtained from Jennings-Pioneer indicate that the Barite Hill Trend gold-silver-copper mineralisation continues along strike to the northeast of the historic Barite Hill Main open pit gold-silver mine. Figure 1 Illustrates drilling along this trend. These observations validate the Company's target model that was created using historic mining and exploration data in conjunction with more recent surface exploration and aerial geophysics data. As indicated by this model, there are three ore zones that comprise the Barite Hill Trend, namely the Footwall Ore Zone, the Middle Ore Zone and the Red Hill Ore Zone (see Figure 2).
All three holes from the recently completed drill programme contain broad zones of silica-sericite alteration containing numerous intervals of massive to semi-massive sulphides in each zone. These broad alteration-mineralisation zones are between 31.00m to 61.20m thick in the drill core and the numerous intervals of semi-massive sulphides and massive sulphides within such alteration zones are between 0.50m to 5.00m thick. Ore textures include sulphides with quartz and barite as matrix material in a breccia (see Figure 3), massive sulphides parallel to foliation (see Figure 4), and sulphides along the margins of quartz barite veins (see Figure 5). Pyrite is the dominant sulphide followed by chalcopyrite. Minor sphalerite and galena are also present in the drill core.
Figura 1 y XNUMX: Logan Drilling USA completing the final hole of the spring 2024 drill programme on the Barite Hill Trend at Jennings-Pioneer.
Figura 2 y XNUMX: Barite Hill Trend explicit geologic block model and implicit modelled ore zone grade shells with 2024 diamond core drill traces. Red portions of the drill traces are zones of alteration and mineralisation as indicated by geologic logging.
Figura 3 y XNUMX: Core segment from recent drilling displaying sulphides with quartz and barite as matrix material in a breccia.
Figura 4 y XNUMX: Core segment from recent drilling displaying massive pyrite parallel to foliation planes.
Figura 5 y XNUMX: Core segment from recent drilling displaying a white quartz barite vein with sulphides along its margins.
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 | 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 o síguenos a través de nuestro canal de redes sociales:
X (anteriormente conocido como Twitter): @LexGoldLtd
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