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Final Phase 1 Drill Campaign Results for JKL
Final Phase 1 Drill Campaign Results for JKL.
About this update from Lexington Gold Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 8685B\n Lexington Gold Limited\n 15 June 2021\n \n \n \n \n 15 June 2021\n \n \n Lexington Gold Ltd\n \n \n (\"Lexington Gold\" or the \"Company\")\n \n \n \n \n \n Final Phase 1 Drill Campaign Results for JKL\n \n \n \n \n \n Lexington Gold (AIM: LEX), the gold exploration and development company with projects in North and South Carolina, USA, is pleased to announce the assay results received in respect of the remaining three drill holes from the Company's recently completed six-hole Phase 1 drilling campaign at the Jones-Keystone-Loflin (\"JKL\") Project. Results for the initial three holes were set out in the Company's announcement of 26 May 2021. \n \n \n \n \n \n Lexington Gold's four-project portfolio covers a combined area of approximately \n 1,675 acres in the highly prospective Carolina Super Terrane (\"CST\") located in North and South Carolina, USA. 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 (ASX/TSX: OGC). \n \n \n \n \n \n \n \n \n Highlights\n :\n \n \n · \n Assay results received for the remaining three diamond drill holes from the recent JKL Project drilling campaign reveal additional intersections of significant gold mineralisation above 50m depth\n \n \n · \n Selected assay highlights include:\n \n \n · \n 12.2m @ 1.39 g/t Au from 23.5m to 35.7m including:\n \n \n o \n 4.1m @ 2.57 g/t Au from 23.5m to 27.6m\n \n \n \n \n \n · \n 35m @ 0.79 g/t Au from 9.8m to 44.8m including:\n \n \n o \n 6m @ 2.26 g/t Au from 9.8m to 15.8m; and\n \n \n o \n 4.6m @ 1.43 g/t Au from 29.5m to 34.1m\n \n \n \n \n \n · \n All six holes of the drilling campaign encountered intervals of gold mineralisation of over 1 g/t Au above 100m depth (see table 1)\n \n \n \n \n \n · \n Drilling campaign indicates continuation of broad zones of shallow gold mineralisation\n \n \n · \n 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\n \n \n · \n Further to the encouraging results from this drilling campaign, additi...