Lexington Gold Share Discussion Threads

[lptuf93] 04/4/2021 18:27

Great video by Pancon (PUC:TSX) on their recent Brewer drills. More drilling targetting the upper zone and then they'll go for the potential porphyr deposit at depth.

[seagreen] 29/3/2021 18:26

More than 50% in large shareholders and directors hands now

[lptuf93] 29/3/2021 15:29

Surprise surprise, large TR-1 holders taking advantage of the depressed price. Pure Ice increased stake from 15% to 16.5%. Free-float shrinking. Not sure how long it'll stay in the 3s...

[excellance] 25/3/2021 12:21

Initial minimum 610m diamond drilling, to confirm and expand results of drilling by previous operators in 1990.
Bigger bore holes presumably because they expect nuggety occurrence of gold, so larger bore will give a better representative sample.
They will drill down until they reach barren rock.

[excellance] 24/3/2021 10:34

Correct, £9m, my bad.

[lptuf93] 24/3/2021 09:38

Think it's £9mil m/c at the minute. You might be thinking of the £3m they raised on relist last winter.

[excellance] 23/3/2021 19:45

I suggest this is also under the radar, an unknown entity, and most investors have their funds tied up elsewhere, so, any decent news and the £9m mkt cap will be a tiny dot in the rear view mirror.

[lptuf93] 23/3/2021 19:27

Definitely excellence. Similar to what Xtr did at bushranger - drill until no more mineralisation in the drill bit. RNS stated minimum of 610m.

Not sure if you've kept an eye on Pancon but they reported their early phase 1 results a few weeks ago at Brewer - 181m @ 1.24g/t. Considering it started at the bottom of the former pit, it's pretty deep!

[excellance] 22/3/2021 12:59

Bought another 250k, but not showing yet.

[excellance] 22/3/2021 12:13

So, infill diamond drilling progressing well, further acherage acquired, expecting 50m of grades 1.5g/t for starters, cores show veins of sulphide material which is possibly gold.

Assays must be due any day now. I wonder how deep they actually went? Since they are on site they may as well get a deeper sample if it looks promising.

£3m mkt cap means very little downside, limited depth and expectation means limited upside too, but maybe there will be a surprise?

[edgein] 16/3/2021 07:31

Good to see them take up more acreage around their main asset as well as the visible sulphides reported today.

Regards,
Ed.

[lptuf93] 14/3/2021 14:13

Took another 280k this week at 3.7, 3.28 & 3.45p. The cores posted on Lex's twitter account confirmed what was already low risk anyway. Hopefully we'll get more than 1 RNS of the Loflin drills.

A lot of the good intercepts from previous campaigns in the Loflin area were on adjacent permits. Wonder if they are actively pursuing additional licenses considering these results as well as recent surveys... Between 2007 & 2010, Romarco spent $10m buying licenses to get a vice over the area in and around Haile.

[lptuf93] 12/3/2021 11:09

Just released a couple Core infill images on their twitter account. Looks like we're in for some decent grades!

[lptuf93] 05/3/2021 18:13

Well timed Excellance. Just noticed a £16k buy reported after close at 4.23p. could've got a better price splitting but will still be a steal in a few months time.

[excellance] 05/3/2021 12:37

Bought a few more with change from another transaction. Just 25k but amazingly the share price was 3.7p and shows as a sell on the advfn chart.

[lptuf93] 04/3/2021 11:06

Moving, albeit slowly. Real spread 3.95-4.25

[excellance] 01/3/2021 21:05

If we can get 40 or 50m at 1.5g/t under 100m depth, and open in several directions, we will be onto a winner.

This £10m mkt cap co will be multiples as it earns it's percentage.

3 more assets to drill after this too.

[excellance] 01/3/2021 20:50

I agree. I've got both but ecr assay number one is due any day now, and if promises to be great.

Profit will cascade over to here to balance things up.

[lptuf93] 01/3/2021 20:27

I'm sure there's room for lots of explorers to be making hay in this market. I belieive this co could do bags from £10m. Still so quiet which is great. Herd have absolutely no idea - would leave to be getting closer to 6p before they cotton on and really drive it up. Obv, in the co's hands to tell the story...

[excellance] 01/3/2021 11:31

But I still think ECR is the one to be in for the next few weeks.

[seagreen] 01/3/2021 10:12

32camp well there is some news for you and they ain't drilling teeth....8@#) Hope you bought a few

[edgein] 01/3/2021 07:54

lp.

Yeah shouldn't take long to drill these 6 holes.

Regards,
Ed.

[lptuf93] 21/2/2021 15:48

Nice move this week. Will look to add if it moves back towards 3p. Unlikely as we should be drilling shortly + finaled VTEM survey analysis. Interested to see what that suggests is under Jennings...

[seagreen] 16/2/2021 17:32

Took a few more today for the bottom sock draw be nice to see Ed build it into a £100m company in a few years ....for now the dream lives on