Trenching has been completed at the Gold Lion Resources (CSE: GL) Robber Gulch property near Burley, Idaho. The company announced this morning that the Carlin-type gold property has seen a total of four trenches completed on the property as part of the phase one program, with the combined length of the trenches covering 700 metres.
Trenches were excavated at gold-in-soil anomalies on the property. The first trench, which is a total of 400 metres in length, was excavated along an existing road on the property. The trench is located within the Central anomaly on the property. In total, 157 two to three metre long chip samples were collected from the trench contiguously from bedrock.
Three trenches were then excavated within the West gold-in-soil anomaly on the property. Here, contiguous three metre bedrock chip samples were taken from the length of each trench. To minimize bias in chip sampling, an equal volume of bedrock was taken with each sample. The three separate trenches were conducted as follows:
- Trench 20-002 was taken along 78 metres within the anomaly, with a total of 26 samples taken.
- Trench 20-003 was excavated to 189 metres in length, with a total of 63 chip samples being taken.
- Trench 20-004 was taken along 33 metres, with a total of 11 samples taken.
Assays from the trenching are currently expected to be received in early December. Of note, is that several sections of intense quartz stockwork veining were said to be found in trenches one, three and four, which has typically been associated with higher grades of gold.
Once the assays are received and compiled, the company expects to begin the phase one drill program. Drill sites are currently prepared for the program.
Gold Lion Resources last traded at $0.35 on the CSE.
FULL DISCLOSURE: Gold Lion Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Gold Lion Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
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