Gold Lion Resources (CSE: GL) this morning announced its exploration plans for its Erickson Ridge gold property near Elk City, Idaho. The company currently is planning to begin exploration on the property in June in what will be the first drill program on the property in decades.
The exploration program outlined by Gold Lion is to include both a maiden drill program, as well as a property wide soil sampling program. Drilling, the first on the property since the 1980’s, is to include at minimum 12 holes over 2,000 metres. Drilling is to focus on a zone of shear-zone mineralization that was historically reported, as well as drill test multiple deep IP chargeability anomalies discovered by the company last year.
The soil sampling program meanwhile is to include over 1,000 individual soil samples, with the program running on 50 metre sampling spacing along 150 metre lines. The program will be focused on the Top Ten Fault, which trends northeast to southwest on the property while having a strike length of 5 kilometres across the property.
Sponsored · McLaren Resources Inc.
Gold Lion Resources last traded at $0.16 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.
