Business
Remaining Drill Results for Loflin
Remaining Drill Results for Loflin.
About this update from Lexington Gold Ltd.
[{"type":"text","content":"\n \n \n \n 9 May 2022\n \n \n \n Lexington Gold Ltd\n \n \n (\"Lexington Gold\" or the \"Company\")\n \n \n \n Remaining Drill Results for Loflin\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 that it has received the remaining assay results with respect to Loflin further to the Company's recently completed 5,000m\n reverse circulation (\"RC\") drilling programm\n e.\n \n \n \n \n \n Highlights\n :\n \n \n 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, with the following selected results:\n \n \n \n \n \n ·\n Hole LFRC-018:\n 24m @ 1.07 g/t Au and 2.76 g/t Ag from 4m to 28m including:\n \n \n o \n 4m @ 2.34 g/t Au and 6.41 g/t Ag from 24m to 28m\n \n \n \n \n \n \n \n ·\n Hole LFRC-009: 16m @ 1.27 g/t Au and 3.79 g/t Ag from 16m to 32m including:\n \n \n o \n 8m @ 1.76 g/t Au and 6.48 g/t Ag from 20m to 28m; and\n \n \n o \n 4m @ 1.93 g/t Au and 6.11 g/t Ag from 24m to 28m\n \n \n \n \n \n ·\n Hole LFRC-010: 4m @ 0.58 g/t Au from 48m to 52m\n \n \n \n \n \n ·\n Hole LFRC-016:\n 4m @ 0.73 g/t Au from 4m to 8m\n \n \n \n \n \n \n \n ·\n Hole LFRC-011 intersected a cavity created by historic underground workings between 10m and 20m below surface. A 2m intersection immediately above the cavity returned grades of 0.42 g/t Au from 8m to 10m.\n \n \n \n \n \n \n \n ·\n Drilling has extended the known north-eastern deposit boundary and confirmed that the deposit remains open to the north-east towards the direction of Jones-Keystone.\n \n \n \n \n \n \n \n ·\n Loflin deposit appears to pinch off in a South-Westerly direction, but the drilling results also indicate that the deposit opens towards the south and south-east and potentially links in with the Loflin South deposit, with intersections including 3\n 6m @1.67 g/t Au between 20m to 56m as recently announced.\n \n \n \n \n \n \n \n ·\n Assay results returned Silver (Ag) values of up to 6.9 g/t Ag associated with gold mineralisation and zones of high sulphide alteration.\n \n \n \n \n \n \n \n \n \n \n Bernard Olivier, Lexington Gold's CEO, commente...