Lexston Mining Corporation has appointed Buddy Doyle to its newly established Advisory Board, bringing four decades of mineral exploration experience to the Canadian exploration company. The appointment comes alongside a stock option grant of 400,000 common shares to directors, officers, and consultants at an exercise price of $0.115 per share.
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 across North America. He played a significant role in the discovery of the multi-million-ounce Minifie gold deposits at Lihir during 1987-1988 and led the team that discovered the Diavik diamond deposits in 1994-1995. Few geologists have witnessed two projects progress from discovery through to a decision to mine.
Recognized as an expert in diamond exploration and kimberlite geology, Mr. Doyle received the Hugo Dummitt Award for excellence in diamond exploration in 2007. Since departing from Rio Tinto, he 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, and was 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.
"The company has created an Advisory Board for talented and accomplished individuals in the mining industry," said Jag Bal, CEO of Lexston Mining Corporation. "We are very pleased to have Buddy Doyle be our first member of the board. He is very accomplished in exploration, and we look forward to his input in our exploration portfolio."
The stock options granted are exercisable for five years and will have a hold period expiring April 15, 2026, in accordance with Canadian Securities Exchange policies. Lexston Mining Corporation is a Canadian mineral exploration company focused on acquiring and developing mineral projects in British Columbia and Nevada. The company trades on the OTCQB Venture Market, where investors can access real-time quotes and market information at www.otcmarkets.com.
This appointment is significant for Lexston as it seeks to leverage Mr. Doyle's proven track record in discovery and development during a period when the company is expanding its exploration activities. The combination of advisory expertise and incentive alignment through stock options suggests a strategic approach to enhancing exploration outcomes and creating shareholder value in a competitive mineral exploration sector.
