Gold Lion Concludes Phase One Trenching Program At Robber Gulch

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.

Video Articles

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

$200M Cash, 8.8% Dividend Yield w/ 450K oz Gold Target | Aura Minerals with Rodrigo Barbosa

In this interview at the Precious Metals Summit 2024, Rodrigo Barbosa, President & CEO of...

Wednesday, September 18, 2024, 05:09:00 PM

IAMGOLD Halts Production At Westwood Mine Following Seismic Event

IAMGOLD Corp (TSX: IMG) early this morning announced that production at its Westwood Underground mine...

Monday, November 2, 2020, 08:58:08 AM

GMV Minerals Begins Environmental Studies For Mexican Hat Project

GMV Minerals (TSXV: GMV) continues to prove out its Mexican Hat project in Cochise County,...

Friday, April 30, 2021, 07:03:00 AM

Outcrop Gold Strikes 0.95 Meters Of 69.6 G/T Gold, 5,550 G/t Silver At Santa Ana

Outcrop Gold Corp (TSXV: OCG) this morning released assay results from its ongoing drill program...

Monday, September 14, 2020, 08:21:42 AM

Canaccord Revises Estimates For Eldorado Gold, Maintains Ratings

Eldorado Gold (TSX: ELD) reported their second quarter financials recently. The company produced 116,066 ounces...

Monday, August 9, 2021, 04:49:00 PM