REG - Lexington Gold Ltd - Bothaville Project JORC appointment

Lexington GoldAnnouncement

28/10/2024 07:00

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RNS Number : 7697J  Lexington Gold Limited  28 October 2024

28 October 2024

Lexington Gold Ltd

("Lexington Gold" or the "Company")

 

 

Appointment of Shango Solutions to establish a JORC (2012) Exploration Target
for the Bothaville Project

 

The appointment will also focus on conducting a review of historical data for
certain of the Company's South African gold assets.

 

Lexington Gold (AIM: LEX), the gold exploration and development company with
projects in South Africa and the USA, has appointed Dunrose Trading 186 Pty
Ltd (trading as Shango Solutions ("Shango")), to review all historical
exploration undertaken on certain of Lexington Gold's 74% owned White River
Exploration's (WRE) South African projects with a view to updating and
consolidating the historical exploration data. Shango will also produce a
maiden Exploration Target estimation in accordance with the Joint Ore Reserve
Committee guidelines ("JORC 2012") for the Bothaville Project (Free State
Province, South Africa).

 

Shango has been appointed to review, model and establish a JORC (2012)
Exploration Target for the Bothaville Project following the Company's recent
round of drilling at Bothaville, as well as conduct a review and update on the
Ventersburg, Kroonstad and Klerksdorp projects, utilising the abundance of
historical exploration data on the WRE projects, much of which Lexington Gold
has already been analysing, modelling and reviewing internally throughout
2024. The JORC 2012 Exploration Target report as well as the various project
review reports are all expected to be completed during Q4 2024.

 

Shango is a prominent South African-based geological consultancy firm that has
provided technical services to various major international mining houses
including, BHP Billiton, RioTinto, Barrick, Harmony and GoldOne. For more
information, please visit their website at: www.shango.co.za
(http://www.shango.co.za)

 

Ed Nealon, Lexington's Chairman commented: "With the gold price now exceeding
$2,700/oz, Lexington Gold is well-positioned with its gold assets in both
South Africa and the USA. The rising gold price, coupled with a favourable
long-term outlook, significantly enhances the economic prospects of our
projects. We are also encouraged by the growing interest in our gold assets
from multinational gold mining companies. We will keep shareholders updated on
the progress made by Shango regarding the JORC (2012) Exploration Target for
the Bothaville Project and other developments."

 

 

 

For further information, please contact:

 

 Lexington Gold Ltd                                      www.lexingtongold.co.uk (http://www.lexingtongold.co.uk)

 Bernard Olivier (Chief Executive Officer)               via Yellow Jersey

 Edward Nealon (Chairman)

 Mike Allardice (Group Company Secretary)

 Strand Hanson Limited (Nominated Adviser)               www.strandhanson.co.uk (http://www.strandhanson.co.uk)

 Matthew Chandler / James Bellman / Abigail Wennington   T: +44 207 409 3494

 Peterhouse Capital Limited (Broker)                     www.peterhousecap.com (https://peterhousecap.com/)

 Duncan Vasey / Lucy Williams (Broking)                  T: +44 207 469 0930

 Eran Zucker (Corporate Finance)

 Yellow Jersey PR Limited (Financial Public Relations)   www.yellowjerseypr.com (http://www.yellowjerseypr.com)

 Charles Goodwin / Annabelle Wills                       T: +44 7747 788 221

 

 

Note to Editors:

 

Lexington Gold (AIM: LEX) is a gold exploration and development company
currently holding interests in four diverse gold projects, covering a combined
area of approximately 1,675 acres in North and South Carolina, USA and in six
gold projects covering approximately 114,638 hectares in South Africa.

 

Further information is available on the Company's website:
www.lexingtongold.co.uk (http://www.lexingtongold.co.uk) or follow us through
our social media channel:

X (formerly known as Twitter): @LexGoldLtd

 

Neither the contents of the Company's website nor the contents of any website
accessible from hyperlinks on the Company's website (or any other website) is
incorporated into, or forms part of, this announcement.

 

 

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