Lexston Mining Corporation has appointed Buddy Doyle to its newly established Advisory Board, bringing four decades of mineral exploration experience to the company. 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. His significant industry contributions include playing a key role in the discovery of the multi-million-ounce Minifie gold deposits at Lihir during 1987-1988 and leading the team that discovered the Diavik diamond deposits in 1994-1995.
The appointment matters because Doyle represents a rare level of expertise in the mining industry, with few geologists having witnessed two projects progress from discovery through to a decision to mine. He is recognized within the mineral exploration industry as an expert in diamond exploration and kimberlite geology, having authored or co-authored numerous papers on these subjects and receiving the Hugo Dummitt Award for excellence in diamond exploration in 2007. Since departing from Rio Tinto, Doyle has continued his involvement in the diamond sector through consulting and directorships, including serving as CEO of Amarillo Gold from 2004 to 2017 where he oversaw a near-production gold project in Brazil.
Jag Bal, CEO of Lexston Mining Corporation, emphasized the strategic importance of this appointment, stating that the company created the Advisory Board specifically for talented and accomplished individuals in the mining industry. The implications of this announcement extend beyond Doyle's individual expertise to signal Lexston's commitment to strengthening its exploration capabilities through experienced leadership. Doyle's background includes being 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, and he is a Fellow of AusIMM, a professional association.
Concurrently with this appointment, 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 pursuant to the company's share option plan. The options are exercisable for five years at $0.115 per share and will have a hold period expiring April 15, 2026, in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. This development is important because it aligns the interests of key personnel with shareholder value creation while providing additional incentive for advancing the company's exploration portfolio.
The establishment of an Advisory Board with Doyle as its first member represents a strategic move for Lexston Mining Corporation as it seeks to enhance its exploration capabilities and technical expertise. Investors can access real-time quotes and market information for Lexston at https://www.otcmarkets.com. The original release can be viewed on https://www.newmediawire.com. The appointment of someone with Doyle's track record in major discoveries provides Lexston with valuable guidance as the company pursues its mineral exploration projects in British Columbia and Nevada, potentially accelerating discovery timelines and improving technical decision-making.
