Lexington Gold, an established gold exploration and development company with operations in South Africa and the USA, has shared an encouraging update on its 2023/24 drilling program at the Bothaville Project in the renowned Witwatersrand Gold Basin. The company has successfully completed the percussion drilling phase and is actively conducting sampling for heavy minerals. The project is progressing smoothly, with an expected completion date of February 2024.
Key accomplishments of Lexington Gold’s Bothaville Project include:
- The successful completion of the percussion drilling phase is a vital step for efficiently penetrating the overlying Karoo sediments.
- Ongoing sampling of the upper section of the Karoo sediments to ascertain the potential presence of heavy minerals, historically reported in the area.
- Initiation of diamond drilling below the Karoo sediments on two of the four planned mother holes, with subsequent wedging to follow.
- Steady progression of the drilling program, adhering to the projected timeline for completion by February 2024.
- The primary exploration focus remains on the gold-bearing conglomerates of the Kimberley Formation, particularly the A-Reef, which begins at a depth of 250m and is being assessed using diamond drilling techniques.
According to a report by Mining Review, Ed Nealon, Chairman of Lexington Gold, expressed his satisfaction with the progress of the drilling campaign at the Bothaville Project. “This strategic initiative involves over 2,000 meters of planned drilling, aiming to validate and expand the known gold mineralization within the Kimberley Formation at Bothaville,” Nealon stated. He also emphasized the company’s commitment to delivering value to shareholders and stakeholders, with further updates expected in the coming months.
The company’s investment in the Witwatersrand gold fields projects in South Africa acquired through White Rivers Exploration in September 2023 and its four gold projects in North and South Carolina, USA, acquired in November 2020, underline its strategic positioning in the global gold mining industry. The Bothaville Project, in particular, represents a significant venture for Lexington Gold, potentially unlocking substantial gold resources in one of the world’s most prolific gold-producing regions.
As Lexington Gold continues its exploration efforts, the Bothaville Project stands as a testament to the company’s expertise and commitment to exploring and developing high-potential gold assets. The successful completion of this project will not only enhance Lexington Gold’s portfolio but also contribute to a broader understanding of the Witwatersrand Gold Basin’s geological potential.
