Lexston Mining Corporation has appointed Buddy Doyle to its newly established Advisory Board, bringing four decades of mineral exploration expertise to the company. The appointment coincides with a grant of 400,000 incentive stock options to certain directors, officers, and consultants, exercisable at $0.115 per share for five years.
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. 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, making his operational experience particularly valuable for exploration-stage companies.
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 as a founder and director of Western Potash from 2007 to 2017, he contributed 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 option grant, made pursuant to the Company's share option plan, includes a hold period expiring April 15, 2026, in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. This type of compensation aligns the interests of key personnel with shareholders by providing incentives tied to the company's stock performance.
For investors seeking market information, Lexston trades on the OTCQB Venture Market, where real-time quotes are available at https://www.otcmarkets.com. The original news release can be viewed at https://www.newmediawire.com.
The appointment signals Lexston's strategic focus on strengthening its technical leadership as it develops mineral exploration projects in British Columbia and Nevada. For business leaders in the mining sector, this move demonstrates how junior exploration companies can leverage experienced advisors to enhance their exploration capabilities and credibility. The combination of seasoned expertise and aligned financial incentives through stock options represents a common approach to building value in early-stage resource companies, though such investments remain speculative with inherent risks in exploration activities.
