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An announcement from Lexington Gold ( (GB:LEX) ) is now available.
Lexington Gold has signed a drilling contract with Logan Drilling USA to commence a new exploration program at its Jennings-Pioneer Project in South Carolina. This initiative aims to expand on previous successful drilling results and assess the potential for significant mineralization, including gold, silver, copper, and zinc. The project is strategically important as it aligns with the U.S. recognition of gold, copper, and tellurium as strategic minerals. The drilling program is expected to start in late May 2025 and will integrate historic and modern data to advance resource development, positioning Lexington Gold advantageously within the Carolina Slate Belt, a region with significant gold endowment.
More about Lexington Gold
Lexington Gold is a gold exploration and development company with interests in projects located in North and South Carolina, USA, and South Africa. The company focuses on exploring and developing gold resources, with a particular emphasis on strategic minerals such as gold, copper, and tellurium, which are vital to national security and economic resilience.
YTD Price Performance: -10.67%
Average Trading Volume: 395,942
Technical Sentiment Signal: Strong Buy
Current Market Cap: £13.92M
Find detailed analytics on LEX stock on TipRanks’ Stock Analysis page.
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