Lexington Gold Ltd. provided an update on its 2023/24 drilling programme at the Bothaville Project in the Witwatersrand Gold Basin, South Africa, which commenced in early December 2023. Successful completion of the percussion drilling phase at the Bothaville Project, which is crucial for cost-effective penetration of the overlying Karoo sediments. The upper section of the Karoo sediments is currently being sampled to test for the potential presence of heavy minerals which have previously been reported in this area.

Diamond drilling below the Karoo sediments has now commenced on two of the planned four mother holes and will be followed by wedging. The drilling programme is progressing as planned and is currently anticipated to be completed by the end of February 2024. The main exploration targets are the gold-bearing conglomerates of the Kimberley Formation (including A-Reef) which subcrops beneath the Karoo cover starting at a depth of 250m, where diamond drilling is being utilised.

The drilling programme comprises a minimum of 2,000m of combined percussion and diamond drilling (including wedging). This initial drill campaign at Bothaville is aimed, in particular, at investigating the area around a historical drill hole (CC2) in which the A-Reef yielded an average gold grade over five intersections of approximately 5.1g/t Au over a corrected interval of 77cm. The programme will seek to investigate both the down-channel and cross-channel gold mineralisation potential at an estimated depth of approximately 350m to 450m below the surface.