Lexston Mining Corporation has appointed Buddy Doyle to its newly established Advisory Board, bringing four decades of mineral exploration experience to the company. Mr. Doyle's career includes over 23 years at Rio Tinto PLC, where he most recently served as Exploration Vice President of Kennecott Canada Exploration Inc., overseeing diamond exploration activities across North America.
Mr. Doyle played a significant role in the Kennecott Exploration Australia team responsible for the discovery of the multi-million-ounce Minifie gold deposits at Lihir during 1987-1988. He also led the team that discovered the Diavik diamond deposits in 1994-1995. Few geologists have witnessed two projects progress from discovery all the way through to a decision to mine. Mr. Doyle is recognized within the mineral exploration industry as an expert in diamond exploration and kimberlite geology, and he has authored or co-authored numerous papers on these subjects. In 2007, he received the Hugo Dummitt Award for excellence in diamond exploration.
Since departing from Rio Tinto, Mr. Doyle has continued his involvement in the diamond sector through consulting and directorships. As CEO of Amarillo Gold from 2004 to 2017, he oversaw a near-production gold project in Brazil. He was also a founder and director of Western Potash from 2007 to 2017, contributing to the discovery and development of the now-operational Milestone Potash Project in Saskatchewan. Additionally, Mr. Doyle is a Fellow of AusIMM, a professional association.
Jag Bal, CEO of Lexston Mining Corporation, commented that the company created an Advisory Board for talented and accomplished individuals in the mining industry and expressed pleasure at having Mr. Doyle as the first member. The company looks forward to his input in its exploration portfolio.
The appointment matters because it represents a strategic investment in expertise for Lexston, a Canadian mineral exploration company focused on acquiring and developing mineral projects. For investors and the mining industry, bringing someone with Mr. Doyle's track record of successful discoveries suggests Lexston is serious about advancing its exploration efforts. His experience spans multiple commodities and project stages, which could help de-risk exploration programs and improve decision-making.
Concurrently, the company announced it has granted incentive stock options to certain directors, officers, and consultants to purchase up to an aggregate of 400,000 common shares. The options are exercisable for five years at $0.115 per share. The options, and any underlying common shares issued on exercise, will have a hold period expiring April 15, 2026, in accordance with the policies of the Canadian Securities Exchange and applicable securities laws.
Lexston trades on the OTCQB Venture Market, and investors can access real-time quotes and market information at https://www.otcmarkets.com. The original release is available on https://www.newmediawire.com.
