Lexington Gold announced that the gold, silver and copper exploration drill programme at its Jennings-Pioneer Project in South Carolina, USA (Jennings-Pioneer) has now been completed. Highlights: Drilling activities at Jennings-Pioneer have been successfully concluded for a total of 495m comprising three diamond core holes. Visual observations of massive sulphides, semi-massive sulphides, and associated quartz barite veins were found in all three holes.

Initial indications suggest that all target mineralised zones of the Barite Hill trend were successfully intersected, namely the Middle Ore Zone, the Foot Wall Ore Zone and the Red Hill Ore Zone targets of the Barite Hill. Chalcopyrite was observed in massive sulphide zones and in quartz barite veins indicating the presence of copper mineralisation at Jennings-Pioneer. The drill core is currently undergoing cutting and sampling during the remainder of April 2024 for submission to the ALS Laboratory in Reno Nevada, USA with assay results currently expected to be returned by June 2024.

Additional Information: Preliminary geologic observations on the 495m of diamond core obtained from Jennings-Pioneer indicate that the Barite Hill Trend gold-silver-copper mineralisation continues along strike to the northeast of the historic Barite Hill Main open pit gold-silver mine. Figure 1 Illustrates drilling along this trend. These observations validate the Company's target model that was created using historic mining and exploration data in conjunction with more recent surface exploration and aerial geophysics data.

As indicated by this model, there are three ore zones that comprise the Barite Hill Trend, namely the Footwall Ore Zone, the Middle Ore Zone and the Red Hill Ore Zone. All three holes from the recently completed drill programme contain broad zones of silica-sericite alteration containing numerous intervals of massive to semi-massive sulphides in each zone. These broad alteration-mineralisation zones are between 31.00m to 61.20m thick in the drill core and the numerous intervals of semi-massive sulphides and massive sulphides within such alteration zones are between 0.50m to 5.00m thick.

Ore textures include sulphides with quartz and barite as matrix material in a breccia, massive sulphides parallel to foliation, and sulphides along the margins of quartz barite veins. Pyrite is the dominant sulphide followed by chalcopyrite. Minor sphalerite and galena are also present in the drill core.