Completes Airborne VTEM Survey Over Jennings-Pioneer Project
Lexington Gold (AIM: LEX) has completed a helicopter-borne Versatile Time Domain Electromagnetics (VTEM) and Horizontal Magnetic Gradiometer Geophysical survey over the company’s Jennings- Pioneer Project has been completed in Carolina.
The processing, geophysical modelling and interpretation of the VTEM and Geophysical data is expected to be completed early in the New Year.
CEO, Bernard Olivier, said VTEM survey forms part of Lexington Gold’s strategy of applying modern exploration technology in an area with a long history of gold mining but limited application of more recent advances in geological exploration techniques.
“The completion of the VTEM and Geophysical survey represent the start of our exploration activities in the USA following our recent re-admission to AIM,” Mr Oliver said.
“Once the VTEM and geophysics data has been processed, it will be incorporated into our geological database to further identify potential drill targets at the Jennings-Pioneer Project.
“We believe this is the first time that VTEM and Horizontal Magnetic Gradiometer Geophysical surveying has been flown in the Barite Hill and Jennings Pioneer area. We will also commence a larger fixed-wing based geophysical survey over our JKL, Carolina Bell and Argo projects shortly.
“We already have drill-ready targets at the Jones Keystone & Loflin (JKL) Project, where we are anticipating commencement of diamond drilling in January 2021, and we look forward to updating the market on this in due course.”
The 207.3 line-km survey was conducted by Ontario based Geotech Airborne Geophysical Surveys utilising their helicopter-borne geophysical system which collects both VTEM and Horizontal Magnetic Gradiometer Survey data.
The aim of the VTEM survey is to identify any conductors located within the Jennings-Pioneer Project area that could be associated with volcanic massive sulphide (VMS) style mineralisation.
Geotech’s VTEM surveys are recognised as a successful exploration tool in other VMS ore bodies around the globe. VTEM is a system which generates currents that diffuse deep into the earth and take the path of least resistance. Conductive material, like sulphides, absorbs the currents and releases a secondary field that the VTEM system measures.
