Business
JORC Estimates for Jones-Keystone
JORC Estimates for Jones-Keystone.
About this update from Lexington Gold Ltd.
[{"type":"text","content":"\n \n \n \n 14 November 2022\n \n \n \n Lexington Gold Ltd\n \n \n (\"Lexington Gold\" or the \"Company\")\n \n \n \n Maiden Independent JORC Mineral Resource Estimate for Jones-Keystone\n \n \n \n \n Total JORC Resource estimate for JKL Project up 155% to 210,800 Au oz\n \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 receipt of a maiden independent JORC (2012) Mineral Resource Estimate for the Jones-Keystone side of the Jones-Keystone-Loflin (\"JKL\") Project prepared by\n Pivot Mining Consultants Pty Ltd (\"Pivot\")\n .\n \n \n \n \n \n Highlights\n :\n \n \n \n 155% increase in contained gold for the combined JKL Project comprising:\n \n \n \n o \n Total Inferred Resource of\n \n 6,976,000t @ 0.94 g/t Au for 210,800\n \n oz of contained gold\n \n \n \n Maiden independent JORC (2012) Mineral Resource Estimate for the Jones-Keystone deposit:\n \n \n \n o \n Total Inferred Resource of\n \n 4,380,000t @ 0.91 g/t Au for 128,000\n \n oz of contained gold\n \n \n \n Potential for mineralisation at Jones-Keystone remains open down-dip, to the north-east as well as to thesouth-west\n \n \n \n \n Potential for further increase in resources at Jones-Keystone as well as Loflin and Loflin South through additional drilling\n \n \n \n \n 3D Geological modelling and drilling delineated a NE-SW shallow plunging fold structure that probably controls gold mineralisation\n \n \n \n \n \n \n \n \n \n Bernard Olivier, CEO of Lexington Gold, commented\n :\n \n \n \"We are pleased to announce that this maiden JORC resource estimation of 128,000 gold ounces for Jones-Keystone, which forms part of our JKL Project, has surpassed our expectations. When combined with the existing JORC resource for Loflin, it takes the total JORC mineral resource estimate for the JKL Project to over 210,000 gold ounces, which is a significant achievement for Lexington Gold.\n \n \n \n \n \n \"As previously reported, the JKL Project exhibits significant shallow mineralisation with grades of up to approximately 10g/t gold achieved as well as multiple intersections of 20m+ mineable widths, including 34m at an average grade of 1.75 g/t gold. The mineralisation at both Jones-Keystone and Loflin remains op...