Lexington Gold Ltd. · LSE:LEX
Lexington Gold — Investor Presentation (November 2020)
19 slides from Lexington Gold's investor presentation, November 2020
Slide 1: USA Gold Explorer
USA GOLD EXPLORER AIM: LEX AIM (LEX)
Slide 2: Disclaimer
DISCLAIMER This Presentation, which has been prepared by and is the sole responsibility of Lexington Gold Ltd (the “Company”), is for information purposes only and does not constitute an offer or invitation to subscribe for or purchase any securities, and neither the Presentation nor anything contai
Slide 3: Summary
SUMMARY Highlight: Acquired initial 51% ownership and control of four gold exploration projects, through Acquiring majority the acquisition of GAR, covering a total combined area of over 1,500 acres in the interest in four Carolina Super Terrane in North Carolina & South Carolina in the USA. explora
Slide 4: Carolina Super Terrane
CAROLINA SUPER TERRANE Site of first documented USA Gold discovery in 1799 • Biggest gold producing state until the discovery of gold in California Region host to large current and historical gold producers: • Haile – 4.8 Moz (OceanaGold) • Ridgeway ~ 1.5 Moz (Rio Tinto) • Barite Hill ~ 0.6 Moz Au &
Slide 5: Area Potential: Haile Mine Example
AREA POTENTIAL: HAILE MINE EXAMPLE Romarco’s exploration success with the Haile property is not unique and could be duplicated on other similar historical mines in the area like those owned by LEX DATE SIGNIFICANT EVENTS 1827 Gold discovered on the property of Benjamin Haile, South Carolina 1827 - 1
Slide 6: Project Locations
LEXINGTON CAROLINA BELLE Lflea Aan _ ¢ Brewer 1928-1995 = FY 0.2Moz produced “oy kamen a) , South Carolina y
Slide 7: JKL Project
JKL PROJECT • Jones-Keystone and Loflin historical mines are examples of the newly defined “Sawyer-type” mesozonal orogenic gold deposits – USGS 2018 • Exploration programme to assess the potential for Haile or Russell scale and style mineralisation at the combined Jones-Keystone and Loflin properti
Slide 8: JKL Project
JKL PROJECT The JKL Project is the combination of two historical mining areas • Jones-Keystone & Loflin • Both with historical mining operations • Geological similarities with Haile deposit 7
Slide 9: Jones-Keystone Project
JONES-KEYSTONE PROJECT Hole From Interval JK10-006 184m 54m @ 1.56g/t Au including 200m 28m @ 3.01g/t Au JK11-017 28m 104m @ 1.27g/t Au including 64m 40m @ 2.33g/t Au JK11-036 45m 16.7m @ 1.36g/t Au including 54.5m 5.7m @ 3.07g/t Au JK11-048 104m 34.5m @ 1.14g/t Au including 128m 4m @ 5.53g/t Au JK-
Slide 10: Loflin Project
LOFLIN PROJECT Hole From Interval LOC90-001 0m 48.8m @ 1.12 g/t Au LF10-017* 26m 70m @ 1.10g/t Inc 26m 20m @ 2.19g/t LF10-018* 14m 74m @ 1.12g/t inc 36m 30m @ 2.59g/t LF11-030 0m 32m @ 1.34g/t inc 26m 6m @ 4.13g/t LF11-039 17m 31m @ 1.12g/t * Drilling results adjacent to GAR’s property 9
Slide 11: Jennings-Pioneer Project
JENNINGS-PIONEER PROJECT • Discovered prior to 1860 • Approximately 600m from historical third party Barite Hill Mine and potential satellite deposit • Barite Hill Mine (~0.6 Moz Au non JORC resource – 60 Koz historical gold production) is Au rich – VMS deposit with Volcanic Arc related signatures s
Slide 12: Carolina Belle Project (Uwarra & Iola Mines)
CAROLINA BELLE PROJECT (UWARRA & IOLA MINES) Combines Iola and Uwarra historical mining areas: • Iola Mine produced ~ 45 Koz Au • Uwarra Mine produced ~ 5 Koz Au • Iola mined to ~200m depth • Uwarra mined to ~100m depth • Mineralisation open at depth and along strike and buried parallel lodes under
Slide 13: Carolina Belle Project: Uwarra & Iola Mines
CAROLINA BELLE PROJECT UWARRA & IOLA MINES Hole From Interval GNCS-1 64m 1.5m @ 1.80g/t Au and 68.6m 1.5m @ 0.98g/t Au GNCJ-1 33.5m 7.6m @ 1.06g/t Au including 35.1m 1.5m @ 3.55g/t Au GNCJ-4 85m 3m @ 2.65g/t Au GNCC-1 135m 1.5m @ 1.95g/t Au 12
Slide 14: Argo Project
ARGO PROJECT • Drill ready opportunity with previous rock chip samples yielding High Grade gold assay results • Over 380 acres of lease area • Multiple historical pits and trenches evident at surface • Historical rock chip Samples Include: • 12.65 g/t Au • 8.06 g/t Au • 6.80 g/t Au • 5.85 g/t Au 13
Slide 15: Highly Experienced Board
HIGHLY EXPERIENCED BOARD Lexington Board Mr. Nealon is a geologist with 46 years experience in the mining and exploration industry. He founded his own consultancy in 1983 and has practiced in most of the world’s major mining centres. Mr. Nealon founded Aquarius Ed Nealon Platinum Ltd and co-founded
Slide 16: Experienced USA JV Partner
EXPERIENCED USA JV PARTNER Uwharrie Resources Inc / Carolina Gold Resources Inc Stan Rideout, +30 years mining and manufacturing experience (Phelps Dodge, Romarco Minerals) CEO & Chairman Part of Romarco’s team that developed the Haile Gold Mine Project in South Carolina Jonathan Powers PhD Geology,
Slide 17: Excellent Local Infrastructure
EXCELLENT LOCAL INFRASTRUCTURE Uwharrie Resources Inc / Carolina Gold Resources Inc All projects easily All projects are easily accessible by state highways, and are in close proximity to the local electricity grid. accessible with There is a mining industry in North Carolina and there is also withi
Slide 18: Exploration Strategy
EXPLORATION STRATEGY Strategy Overview The Carolina projects offer an excellent opportunity to explore a gold province in a first world country with Overview excellent infrastructure that has seen limited modern exploration. Drilling will form part of the first phase of exploration with two of the f
Slide 19: Examples of Foreign Exploration Companies in the USA
EXAMPLES OF FOREIGN EXPLORATION COMPANIES IN THE USA Company Listing State Commodity Website Aston Bay Holdings LTD TSXV Virginia Gold www.astonbayholdings.com First Mining Gold Corp. TSX Nevada Gold www.firstmininggold.com Gold Mining Inc. TSX Alaska Gold www.goldmining.com Hawkstone Mining Limited
Lexington Gold — Investor Presentation (November 2020) on 6ix