Lexington Gold engages Shango for Kroonstad Jorc target upgrade
Aim-listed Lexington Gold has engaged independent South African geological consultancy Shango Solutions to undertake historical data capture, database establishment, 3D geological modelling and other related work towards the definition of a Joint Ore Reserves Committee- (Jorc-) compliant exploration target for the company's Kroonstad project, located in the Free State province of South Africa.
The work programme is focused on seeking to upgrade an appropriate part of the existing independent, non-code-compliant estimation for the Kroonstad project of between 6.06-million ounces and 62.41-million ounces to Jorc-compliant exploration target status.
The programme will include the review, capture and validation of historical AngloGold Ashanti (AGA) exploration data, including borehole logs, geophysical surveys, internal reports and studies.
Shango will establish a robust and auditable geological database and develop a 3D geological and structural model for the Kroonstad project area.
Shango will prepare a technical report aligned with Jorc, together with a memo setting out a proposed future drilling strategy.
The work programme is expected to take about 16 weeks to complete.
Lexington CEO Dr Bernard Olivier says Shango's work will aim to upgrade an appropriate component of the historical non-code-compliant estimate to Jorc exploration target status, subject to data validation, quality assurance and quality control and other relevant technical factors.
"Kroonstad is located within the world-renowned Witwatersrand basin and is supported by a substantial historical dataset.
“The systematic review and modelling of that data is an important step in improving our understanding of the project's geological potential and in providing a stronger technical foundation for future exploration, including the planning of follow-up drilling,” says Olivier.
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