Lexam VG Gold is pleased to report positive results from preliminary metallurgical testwork, indicating recoveries from 90.7% to 98.5%. Drill core samples were analyzed from our four gold projects in Timmins. These results will be utilized in the ongoing Preliminary Economic Assessment examining the open pit potential of the gold projects. The [...]
Lexam VG Gold announces that the Preliminary Economic Assessment ("PEA") commenced earlier this year will be extended into 2014 due to a re-evaluation of the parameters necessitated by the decline in the price of gold ("Au") since the initiation of the PEA and the earlier completion of this year's resource estimates. This will result in a PEA that [...]
Lexam VG Gold announces that the technical report titled "TECHNICAL REPORT AND UPDATED RESOURCE ESTIMATE ON THE BUFFALO ANKERITE, FULLER, PAYMASTER, AND DAVIDSON TISDALE GOLD DEPOSITS - PORCUPINE MINING DIVISION NTS 42E 12/SW for Lexam VG Gold Inc, 181 Bay St, Suite 4750, Toronto, M5J 2T3" dated June 21, 2013 has been filed on SEDAR pursuant to the [...]
Lexam VG Gold announces updated resource estimates with an effective date of May 31, 2013 for its three adjoining properties and its nearby Davidson Tisdale property, all located in Timmins. For the first time, the updated resource estimates have been combined and classified into two categories: Open Pit and Underground. The Combined Open Pit Gold [...]
Lexam VG Gold is pleased to announce the results of its annual general meeting held on May 9, 2013. A total of 108,216,445 common shares, equal to 47.8% of the 226,570,860 issued and outstanding shares were voted at the AGM. The Company reports that Robert McEwen, Richard Brissenden, John Drake, Robin Dunbar, Hugh Squair, John Tait and Robert Van [...]
Lexam VG Gold announces updated resource estimates for the Buffalo Ankerite property in Timmins. A digital resource model, including an optimized Whittle Pit, was completed for the Buffalo Ankerite North and South Zones. Updated resource estimates for the Davidson Tisdale, Fuller and Paymaster projects unfortunately remain in progress. Table 1 [...]
Lexam VG Gold announces the appointment of Andrew Iaboni as the new CFO of the Company effective April 15, 2013. Mr. Iaboni's knowledge of the Company's business through his service as Lexam VG Gold's Controller since 2010 ensures a smooth transition to the CFO appointment. Mr. Iaboni also serves as the Accounting and Tax Manager for McEwen Mining [...]
Lexam is pleased to announce additional exploration results from the remainder of the 2012 drilling at the Fuller property. Results include 3.19 gpt gold over 19.1 m including 8.58 gpt gold over 3.7 m. 14 holes were completed following up on the results of July 11, 2012 where drilling intersected 2.44 gpt gold over 21.0 m. Drilling has continued to [...]
Lexam VG Gold announces that the technical report titled "NI 43-101 Technical Report Resource Estimate on the Buffalo Ankerite Property, Porcupine Mining Division, Canada NTS 42E 12/SW for Lexam VG Gold Inc, 181 Bay St, Suite 4750, Toronto, Ontario, M5J 2T3" dated October 20, 2012 has been filed on SEDAR pursuant to the National Instrument 43-101 [...]
Lexam VG Gold is pleased to announce an increase in its total gold resources due to an updated resource estimate for its Buffalo Ankerite Project in Timmins, Ontario. Total NI 43-101 gold resources have increased by 44% in the Measured + Indicated category to 1 million ounces and by 20% in the Inferred category to 850,000 ounces. Lexam VG Gold's [...]
Lexam VG Gold is pleased to announce exploration results from drilling at the Fuller property including 2.44 gpt gold over 21.0 m including 4.77 gpt gold over 6.7 m and 6.33 gpt gold over 6.0 m. Drilling has continued to encounter near surface mineralization in the quartz-feldspar porphyry and the surrounding volcanic rocks. Sixteen (16) holes were [...]
Lexam VG Gold is pleased to announce that it has exercised its option to acquire a 60% ownership interest in Goldcorp Canada's Paymaster Property. In 2008, VG Gold Corp. entered into an agreement with Goldcorp whereby over a period of four years, among other commitments, it would incur $6 million in qualifying expenditures on the Paymaster Property [...]
