Gold Lion Resources (CSE: GL) this morning reported further results from the phase two drill program at its Robber Gulch property, located near Burley, Idaho. The company this morning reported highlight results of 0.30 g/t gold over 30.5 metres.
Drill results released this morning come from the second and third holes drilled on the property, with RG0RC-21-02 providing the highlight result listed above. RG-RC-21-03 meanwhile intersected 0.65 g/t gold over 12.2 metres. Both holes come from the Raider Zone on the property.
The next stage of drilling to be conducted by the company will take place upslope of the two holes after data indicates that the target may be partially eroded. These holes will test the less eroded and thicker portions of the target. Permits have also been submitted to test 1.5 kilometres south of current drilling.
“The current round of drilling demonstrates the grade potential of the receptive sandstone sub-unit on the Property and has provided the necessary information to guide our next phase of drilling. The geology in the last two holes points us toward a blind target underlying a capping of post-mineral cover rocks. We are excited to continue testing the system as our understanding of the stratigraphy and mineralization continues to evolve with each hole drilled.”
Chris Paul, CEO of Gold Lion
Gold Lion Resources last traded at $0.18 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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