Gold Lion Resumes Drilling At Robber Gulch

Gold Lion Resources (CSE: GL) this morning announced that is has resumed its drill program at its Robber Gulch property, located near Burley, Idaho. Operations had been previously halted temporarily as a result of poor weather conditions.

The current drill program is the second phase of RC drilling on the Raider Zone. The program has been designed to test the depth extent of oxidized gold mineralization that was found in numerous trenches on the property. The thickness of the gold bearing unit is to be tested with five drill holes up to 2,700 feet in length.

The first hole conducted under the program, RG-RC-20-01, intersected 0.20 g/t gold over 24.4 metres, as well as 0.24 g/t gold over 48.8 metres and 0.21 g/t gold over 9.1 metres, with the hole being located 330 metres southeast of the Raider Zone. The drill hole was conducted prior to receiving the analytical results for the Raider Zone, resulting in the second phase of the program being focused on this new zone.

Drilling operations at the Raider Zone have now resumed in full, with hole RG-RC-21-03 having been collared late last week. The rate of exploration at the property is reportedly only limited by sample turnaround times at analytical labs.

Gold Lion Resources last traded at $0.175 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

Blue Lagoon Intersects 22.12 g/t Gold, 47.95 g/t Silver Over 2.14 Metres

Blue Lagoon Resources (CSE: BLLG) this morning released its latest round of assay results from...

Thursday, March 17, 2022, 08:07:47 AM

Kesselrun To Raise $8.0 Million In Private Placement

Kesselrun Resources (TSXV: KES) this morning announced that it will be raising $8.0 million via...

Friday, October 9, 2020, 08:42:55 AM

Freeman Gold Sees Paul Matysek Appointed As Executive Chairman

Freeman Gold Corp (CSE: FMAN) yesterday had a major announcement, in that it has appointed...

Thursday, September 2, 2021, 07:51:36 AM

Canaccord: Alamos Gold’s Fourth Quarter Results Are “A Home Run”

Last week Alamos Gold (TSX: AGI) reported their fourth quarter and year end financial results...

Monday, March 1, 2021, 11:44:00 AM

Newfoundland: An Unexpected Gold Exploration Destination

Newfoundland is often overlooked by investors when searching for investment opportunities in the gold sector....

Sunday, October 4, 2020, 09:00:00 AM