Lexington Gold (LEX ) has completed its maiden drilling programme at the Carolina Belle Project which forms part of the Company’s larger ongoing 5,000m RC drilling programme.
Discovered in 1901, the Carolina Belle area comprises exploration and mining rights over a total of 391.98 acres, which covers both the historical Iola and Uwarra mining areas.
The gold exploration and development firm, which has projects in North and South Carolina, noted that a total of 32 drill holes for an aggregate of 2,630m were drilled at Carolina Belle.
Two extra holes were drilled following ‘highly encouraging’ visible observations from the RC drill chips. To date, detailed logging and sampling of all the holes has been completed and several intersections containing quartz veining, sulphides and alteration have been noted.
A total of 738 samples comprising of 4 metre sample composites as well as standards, blanks and duplicates have been dispatched to SGS Canada’s (“SGS”) Vancouver based laboratory for gold assaying as well as whole-rock geochemistry analyses, the company told investors.
Previously submitted initial assay results are expected to be received between mid-December 2021 and mid-January 2022 despite no amended timeline having been received from SGS.
Bernard Olivier, Lexington Gold’s CEO, commented: “We are delighted to have successfully completed our maiden drilling programme at Carolina Belle and are very pleased with the initial visual indicators.
Drilling intersected various quartz and alteration zones and showed good levels of geological continuity and consistency. Based on these findings we decided to drill two additional holes at Carolina Belle both of which also intersected the targeted zones.”
He added, “We eagerly await the assay results from the completed drilling programme at Carolina Belle and look forward to further updating the market on progress at JKL in due course where the rig has been moved and drilling has commenced on the Loflin side.”
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