Saturday, August 2, 2025

Latest

Gold Lion Resources: Year In Review

Gold Lion Resources (CSE: GL) this morning released an end of year overview and corporate update to shareholders, highlighting a number of developments that the company has made over the course of 2020. Within, the company broke down highlights into the categories of a corporate update and an operational overview.

In regards to the corporate portion of the update, a number of management changes have been made over the course of the year, including the appointment of Oliver Friesen as CEO, and Hannah Jin and Douglas Meirelles as directors. The company also acquired a number of Idaho-based properties from that of EMX Royalty Corp, along with that of Ohadi Geoex.

The company also managed to secure listings on both the OTC, under symbol “GLIOF,” as well as on the Frankurt Exchange under symbol “2BC.” In terms of financing for the new properties, a $1.0 million non-brokered financing was conducted in May, followed by a $3.0 million marketed offering led by Eight Capital in November.

Operationally, much progress was made as well which saw the company conduct exploration at all seven of its Idaho gold projects. Phase one and two of geochemical sampling programs as Robber Gulch’s Carlin-type gold property were completed, while several gold-in-soil anomalies were delineated. The company also saw over 700m of trenching completed via four trenches at the property, with results expected to be released sometime this month, with drilling to soon follow.

Sampling was also conducted at the South Orogrande and Dixie Area gold properties, which also included geochemical and geophysics. Permits are currently being waited upon for drilling to commence at the South Orogrande and the nearby Erickson Ridge property as well.

“The Company is very pleased to recap the operational and corporate advancements made in 2020. Despite the COVID-19 pandemic being prevalent for the majority of the year, Gold Lion was able to forge ahead and complete several field programs on all of its Idaho gold properties, further advancing them towards a drill-ready stage. We look forward to receiving the results of the trenching recently completed on our Robber Gulch Property, as well as the commencement of the Company’s first ever drill program later this month. 2020 has been an exciting year for Gold Lion thus far, and the Company is eager to continue advancing its portfolio of gold and silver focused assets in Idaho.”

Oliver Friesen, CEO of Gold Lion Resources

Gold Lion Resources last traded at $0.30 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

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Bitcoin Mining Less Energy-Intensive Than Banking System and Gold Industry

The explosion in cryptocurrency mining over the past year has prompted an onslaught of environmental...

Monday, May 17, 2021, 04:25:00 PM

Trillium Gold Further Consolidates Red Lake District, Acquires Quebec-Based Properties

Trillium Gold Mines (TSXV: TGM) this morning announced further significant increases in its landholdings across...

Monday, January 18, 2021, 08:02:37 AM

Amex Exploration Discovers New Zone In Eastern Portion Of Perron Property

Amex Exploration (TSXV: AMX) continues to post positive results from the exploration of its Perron...

Wednesday, February 17, 2021, 08:07:34 AM

Superior Gold Produces 19,379 Gold Ounces In Q3 2021

Superior Gold Inc. (TSXV: SGI) released today its production results for Q3 2021, highlighting gold...

Tuesday, October 12, 2021, 09:55:00 AM

Trans Canada Gold Receives Drill Permits For Newfoundland Property

Trans Canada Gold Corp (TSXV: TTG) this morning announced that it has received drill permits...

Wednesday, September 1, 2021, 10:16:54 AM