Longhorn Exploration Corp T.LEX

Primary Symbol: V.LEX

Longhorn Exploration Corp. is a Canada-based company, which is primarily engaged in mineral exploration activities in British Columbia, Canada. The Company is focused on Lily Rock Hydrogen Project, covering approximately 519.7 net acres of land located in Kansas, United States, which allows for the prospecting, exploration, drilling and production of any substance including hydrogen gas. The Company also has an option to acquire a 100% interest and title to the Fame property located in the Clinton Mining Division, British Columbia. The Company has the rights to acquire 100% of the optionor’s 11 mining claims located in Chilcotin, British Columbia, Canada.

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Longhorn Exploration Corp

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Post by Markedtofutureon Mar 12, 2016 10:20pm

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Post# 24652515

Lexam VG Gold Resource Summary

Open Pit Resources

	Cut-Off (gpt)	Tonnage (Mt)	Grade (gpt)	Gold (oz)

Measured
DT Main Zone	0.50	0.45	2.44	35,500

Indicated
Buffalo Ankerite	0.51	3.82	2.37	292,800
Paymaster	0.51	2.80	1.61	145,000
Fuller	0.51	5.33	1.68	290,000
DT Main Zone	0.50	0.17	2.43	13,500
Total Measured + Indicated		12.57	1.91	776,800

Inferred

Buffalo Ankerite	0.51	2.74	2.31	203,400
Paymaster	0.51	0.84	1.61	43,000
Fuller	0.51	2.70	1.30	112,000

Total Inferred		6.28	1.79	358,400

Underground Resources

	Cut-Off (gpt)	Tonnage (Mt)	Grade (gpt)	Gold (oz)

Measured
DT Main Zone	2.60	0.02	6.64	3,800
DT S-Zone	2.00	0.34	5.50	59,800
Indicated
Buffalo Ankerite	2.57	3.27	4.76	500,200
Fuller	2.57	0.33	5.76	61,000
DT Main Zone	2.60	0.04	4.91	6,500
DT S-Zone	2.00	0.42	4.52	60,400
Total Measured + Indicated		4.41	4.88	691,700

Inferred
Buffalo Ankerite	2.57	2.81	4.05	367,100
Paymaster	2.57	0.13	6.14	26,000
Fuller	2.57	0.84	4.97	135,000
DT Main Zone	2.60	0.07	4.20	9,600
DT S-Zone	2.00	0.39	4.68	58,200
Total Inferred		4.24	4.35	595,800

Total Measured + Indicated (Open Pit and Underground)

1,468,500

Total Inferred (Open Pit and Underground)

954,200

DT - Davidson Tisdale property, gpt - grams per tonne, Mt - million tonnes; oz - ounces. Numbers may not add due to rounding.

The above resource estimates represent net Lexam ounces, calculated at the following property ownership interests: 100% for Buffalo Ankerite, Davidson Tisdale and Fuller, 60% for Paymaster.

The resource estimates for Buffalo Ankerite, Paymaster, Fuller and Davidson Tisdale Main Zone are available in the report "Technical Report and Updated Resource Estimate on the Buffalo Ankerite, Fuller, Paymaster, and Davidson Tisdale Gold Deposits - Porcupine Mining Division, North-Eastern Ontario, Canada NTS 42E 12/SW for Lexam VG Gold Inc, 181 Bay St, Suite 4750, Toronto, Ontario, M5J 2T3" (PDF 24.4 MB) dated June 21, 2013.

The resource estimate for Davidson Tisdale S-Zone is available in the report "Davidson Tisdale Gold Property, Timmins, Ontario Technical Report" dated November, 2003.

To view more technical reports on Lexam's properties please visit our Technical Reports page.