Lexington Gold Share Discussion Threads

[edgein] 14/4/2021 10:06

Pure Ice still loading up here, now over 17%.

Regards,
Ed.

[lptuf93] 09/4/2021 11:46

Small PI selling last couple days and then you see delayed 250k yesterday & 500k + 600k buys today. IIs taking advantage.

[excellance] 06/4/2021 14:23

So, the first two cores have been sent off, we don't know when exactly, and they anticipate a four week lead time.
We don't know if those assays will be immediately released to us when they are returned.

There is continuing work on this project and the other three for several months, slowly earning our percentage.

It's a slow burner, but is currently under valued, but will it capture the imagination of punters anytime soon?

For me this about slowly accumulating over the next year or 18 months, trying to avoid paying too much, with the expectation that eventually we will have at least one and maybe several economically viable assets to mine.

Cheap as chips at £8m mkt cap.

[lptuf93] 06/4/2021 12:11

Yep, without confirmation of grades, just making PIs aware they're 99% sure they've hit gold veins (reinforced with streaky veins in cores). Decent update. I hope they release IP survey models. Want to see those two anomalies at Jennings.

[excellance] 06/4/2021 11:31

Fairly non committal RNS. Didn't really tell us anything unexpected. Progressing well, no tangible results yet.

[seagreen] 06/4/2021 10:55

A highly positve indication

[excellance] 06/4/2021 07:47

"Sulphide mineralisation was intersected below the saprolite zone in all holes drilled to date

· Gold has a known association with sulphide mineralisation at JKL"

And the significance of this without assay results is what?

[excellance] 06/4/2021 06:26

Positive RNS.

[lptuf93] 04/4/2021 17:27

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 17:26

More than 50% in large shareholders and directors hands now

[lptuf93] 29/3/2021 14:29

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.