Lexington Gold (AIM:LEX), an AIM-listed gold exploration and development company with projects in South Africa and the United States, has engaged Shango Solutions to begin a 16-week programme aimed at upgrading part of the Kroonstad Project's existing estimate to JORC (2012) Exploration Target status.
The Kroonstad Project in South Africa's Free State Province carries an independently estimated, non-code compliant gold exploration target of between 6.06 million ounces and 62.41 million ounces, at grades ranging from 4.96 grams per tonne to 11.54 g/t.
Shango's scope covers historical data capture from prior AngloGold Ashanti exploration work, including borehole logs and geophysical surveys, alongside database establishment, 3D geological and structural modelling, and preparation of a JORC-aligned technical report with a proposed future drilling strategy.
Shango has previously worked with Lexington Gold on its Witwatersrand Basin portfolio, including the maiden JORC Exploration Target for the Bothaville Project.
Chief Executive Bernard Olivier said the systematic review of Kroonstad's historical dataset 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."
The work programme is expected to complete in approximately 16 weeks.
