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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.