lexington gold ltd said monday that it has agreed to a new 335000 pound 430073 loan that will be used towards exploration work and to cover working capital requirements the mining company said that the loan is with two significant shareholders and three directors including the chairman edward nealon the loan which carries interest at 6 a year is due to be repaid on april 30 2023 with the successful completion of our latest 5000meter drilling campaign and the remaining assay results for loflin and joneskeystone expected during april and may 2022 our focus now shifts towards the jorc resourcerelated work to be conducted over the coming months chief executive bernard olivier said