Final Phase 1 JKL Drill Campaign Returns Significant Results
Lexington Gold (AIM: LEX) has revealed additional intersections of significant gold mineralisation in assay results from the remaining three drill holes from the company’s recently completed six-hole Phase 1 drilling campaign at the Jones-Keystone-Loflin (JKL) Project in Carolina, USA.
The company’s four-project portfolio covers a combined area of approximately 1,675 acres in the highly prospective Carolina Super Terrane (CST) located in North and South Carolina. The CST has seen significant historic gold production and is host to a number of multi-million-ounce mines operated by large-scale companies, including the Haile Mine operated by OceanaGold Corporation.
Assay results received for the remaining three diamond drill holes from the recent JKL Project drilling campaign has identified additional intersections of significant gold mineralisation above 50m depth.
Highlights include:
- 12.2m @ 1.39 g/t Au from 23.5m to 35.7m including: 4.1m @ 2.57 g/t Au from 23.5m to 27.6m
- 35m @ 0.79 g/t Au from 9.8m to 44.8m including: 6m @ 2.26 g/t Au from 9.8m to 15.8m; and
- 4.6m @ 1.43 g/t Au from 29.5m to 34.1m
Notably all six holes of the drilling campaign encountered intervals of gold mineralisation of over 1.0 g/t Au above 100m depth.
CEO, Bernard Olivier, said the drilling campaign indicates continuation of broad zones of shallow gold mineralisation
The full set of results to be incorporated into the company’s 3D model which will become part of the current project database with the aim of working towards the establishment of a maiden Mineral Resource Estimate for the project
“We are delighted to now have the full results from our Phase 1 drill programme at the JKL Project in hand and are extremely encouraged by the findings,” Mr Olivier said.
“All six holes intersected gold mineralisation including multiple broad zones of over 30m including high grade gold mineralisation close to surface.
“Given all six holes intersected gold mineralisation of over 1.0 g/t Au above 100m depth, and selected assays returned high grade results, we are extremely confident in the project’s potential economics, and plan to undertake additional drilling in due course as part of a Phase 2 drill campaign.”
The Phase 1 drilling campaign comprised six diamond drill holes for a total of 562m at the JKL Project. The campaign is seeking to confirm and expand on the historical third-party drilling performed at Loflin as well as assisting in defining the 3-D shape, continuity and orientation of the mineralisation.
For more information please visit: https://lexingtongold.co.uk/
