Lexington Gold (LEX) has reported the remaining assay results from its recently completed 5,000m reverse circulation ("RC") drilling programme at the Jones-Keystone-Loflin (“JKL”) project.
The final assay results from the drilling programme at Loflin included shallow level infill drilling and testing of the North-Eastern, South-Western and Southern boundaries and extensions.
CEO, Bernard Olivier, said the results continue to return significant shallow level intersections including intersections outside of the known north-eastern boundary of Loflin’s main resource.
Olivier acknowledged that the main Loflin deposit currently remains open to the north-east “and also to the south and south-east”, and that it potentially links up with Loflin South. The intersections from these drilling results include 36m @1.67 g/t Au between 20m to 56m.
The Company also acknowledged that the last of the assay results returned Silver (Ag) values of up to 6.9 g/t Ag associated with gold mineralisation and zones of high sulphide alteration.
Shares in Lexington Gold were trading 4.17% higher at 2.5p during late afternoon trading.
Lexington’s Phase 1 drill campaign at the JKL project in 2021, intersected significant gold mineralisation, with the results showing a correlation with the historical drilling results.
This campaign enabled the establishment of a maiden resource estimate for the Loflin side of the JKL project of 2Mt at 1 g/t of gold for 65k oz of contained gold to JORC standards, it said.
The Company’s following Phase 2 drill campaign was designed to investigate the extension of the deposit in all directions, conduct infill drilling, especially close to surface, and potentially achieve an upgrade of the initial maiden JORC resource estimate, it highlighted to investors.
All of the current assay results from the Jones-Keystone project remain pending and will be announced as soon as they are received from American Assay Labs ("AAL"), it reported.
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