Business
Results of sampling programme at Argo Project
Results of sampling programme at Argo Project.
About this update from Lexington Gold Ltd.
[{"type":"text","content":"\n\n24 July 2023\nLexington Gold Ltd\n(\"Lexington Gold\" or the \"Company\")\nResults of surface sampling programme at Argo Project, USA, confirm and define surface gold mineralisation of over 10 g/t\n \nLexington Gold (AIM: LEX), the gold exploration and development company with projects in North and South Carolina, USA, is pleased to announce assay results received in respect of the completed surface exploration and trenching sampling programme at its Argo Project (the \"Argo Project\" or \"Argo\").\nThe Company has received 440 multi-element assay samples returned from trench channel and rock sampling at the Argo Project. Channel samples were taken from 13 trench lines totalling 844m of combined trench length. 30 additional rock samples were taken in portions of trenches with prospective geology and were also taken during field mapping of the property. Analysis of multi-element assays and detailed trench mapping data have defined complex mineralised vein arrays.\n \nHighlights:\n· Trench assay results confirm that gold is present at surface at the Argo Project:\n \n· Trench AT-04: 24m @ 1.10 g/t Au from 14m to 38m including:\no 2m @ 7.50 g/t Au from 14m to 16m\no 2m @ 2.51 g/t Au from 26m to 28m\n \n· Trench AT-07: 8m @ 0.61 g/t Au from 16m to 24m including:\no 2m @ 1.24 g/t Au from 22m to 24m\n \n· Trench AT-13: 8m @ 0.34 g/t Au from 24m to 32m\n \n· Rock samples from trenches and outcrops show local high grade ore shoots:\n \n· ARRK-016: 12.65 g/t Au from trench wall of AT-07\n \n· ARRK-017: 2.89 g/t Au from trench wall of AT-07\n \n· ARRK-011: 2.70 g/t Au from trench wall of AT-06\n \n· ARRK-014: 1.21 g/t Au from historic waste dump\n \n· ARRK-024: 43.30 g/t Ag from surface outcrop\n \n \nBernard Olivier, Lexington Gold's CEO, commented:\n\"This is a promising first set of assays from Argo showing high-grade surface mineralisation at both the Northeast and Southern workings. With this new data, we will be assessing the next steps for the project as we build further value in our US assets. \n \n\"We also continue to move closer to completing the acquisiti...