update presentation . page 21 Fully funded exploration plan for 2013, designed to
increase resources and to test the economics on the
Company’s projects
https://www.lexamvggold.com/pdfs/2013%2003%2008%20Lexam%20VG%20Presentation.pdf
21
Buffalo Ankerite Property
Testing Intermediate and Deeper Levels -
2012 exploration results indicate
that the mineralization at
depths between 300 and 500 metres below surface at the
Buffalo Ankerite North Mine has zones that were
not mined and have received little surface drilling.
Fuller Property
Testing for a Western Extension -
With a kilometer of Lexam property
to the west of the quartz-feldspar
porphyry structure, there remains
potential to expand the Fuller zones;
Testing Deeper Levels -
Surface drilling to date at Fuller has tested
to 500 metres below surface, with the mineralization remaining open at depth
Fuller NI 43-101 resource update will in
corporate recent drilling that outlin
ed potential for open pit. Digital
resource estimates will be complet
ed for all other Company projects.
Once digital resource estimates are completed, a
preliminary economic assessment will be prepared. The
assessment will be designed to:
- Test the economics of mini
ng each of the deposits;
- Examine the synergies that may exist between them