Lexington Gold expands Jelani JV study in South Africa and completes drilling at Jennings-Pioneer project in the US
AIM-listed Lexington Gold has announced that the conceptual-level study of the Jelani Resources joint venture (JV) project in South Africa, being undertaken by Bara Consulting, has been expanded to provide a more detailed and robust evaluation.
Enhanced Study Scope for Jelani JV
The upgraded study scope now includes:
A more comprehensive validation of the proposed mining approach.
A broader review of existing infrastructure and capacity.
A refined preliminary mine design and scheduling.
Expanded modelling of preliminary capital and operating costs, including associated cash flow analysis.
Lexington said that while the additional work will extend the study timeline, it is expected to deliver a far more comprehensive and value-enhancing blueprint for the project’s potential development.
The company continues to collaborate closely with its JV partner Harmony Gold Mining Company and Bara Consulting to ensure rigorous technical and economic validation.
Once complete, the study’s findings will be presented to the Jelani Resources board, including Harmony Gold, for review. Based on that assessment, the board will decide whether to proceed with a mining licence application.
Separately, Lexington confirmed that the diamond drilling programme at its Jennings-Pioneer project in the US was successfully completed on July 1.
The programme comprised six drill holes totalling approximately 600 m across the Barite Hill and Jennings trends.
Initial core logging revealed alteration and mineralisation textures consistent with epithermal gold-silver and associated base metal systems.
Notably, over 200 m of core from all six holes displayed strong alteration and mineralisation features.
Core cutting and sampling began immediately after drilling, with assay results now expected by early September, based on updated laboratory scheduling.
