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Lexington Gold (AIM: LEX), the gold exploration and development company with projects in North and South Carolina, USA, announces an update in respect of the anticipated initial assay results from its Phase 1 drill programme at the Jones-Keystone-Loflin Project. SGS Minerals Services Geochemical Laboratory in Vancouver has informed the Company that the assay results will be delayed due to a Covid-19 related lockdown at their sample preparation division. As a consequence, the assay results in respect of the Phase 1 drilling campaign will now be reported in two batches, with the first batch, covering three of the six drill holes plus the redrilled upper saprolite section, now expected to be received by the end of May or early June 2021.
Lexington Gold (AIM: LEX), the gold exploration and development company with projects in North and South Carolina, USA, announces an update in respect of the anticipated initial assay results from its Phase 1 drill programme at the Jones-Keystone-Loflin Project. SGS Minerals Services Geochemical Laboratory in Vancouver has informed the Company that the assay results will be delayed due to a Covid-19 related lockdown at their sample preparation division. As a consequence, the assay results in respect of the Phase 1 drilling campaign will now be reported in two batches, with the first batch, covering three of the six drill holes plus the redrilled upper saprolite section, now expected to be received by the end of May or early June 2021.
Whilst no worthwhile deposits are declared this is a risky share. You could lose the lot.
BUT that’s the gamble on this and the returns will be potentially substantial if good deposits are identified.
So, if you like good returns and are willing to accept you might lose the lot, this is the perfect share.
In fact with recent news the odds of losing everything have reduced.
The higher the risk, the higher the potential reward. And the last thing you want to happen is, watching this share fly when you could have bought in at the current level.