Gold Lion Sees Rock Grab Samples Return Values As High As 45.8 G/T Gold

Gold Lion Resources (CSE: GL) has completed its 2020 soil and rock sampling program at its properties located near Dixie, Idaho. Results released this morning from the program were comprised of data from both the South Orogrande Property, as well as the Dixie Properties.

A total of 76 rock grab samples and 1158 soil samples were collected as part of the 2020 exploration program across the two different properties. Results released this morning comprised largely of data on the Dixie Properties, which were acquired earlier this year by the company and consist of the Doc, Mammoth, Red Cloud and Majestic Properties. The properties themselves include eight past producing gold mines which previously operated in the early 1900’s.

In terms of rock grab samples, results ranged as high as 45.8 g/t gold, of which 11 returned values with higher than 5 g/t gold. Some of the grab samples came from the CP Vein discovery, with additional ground staked on the 300 metre long strike. Highlight values from this region returned values as high as 11.8 g/t gold and 44.8 g/t gold.

Soil sampling conducted at the new Dixie properties resulted in three anomalies, which includes 600m x 200m at Mammoth, 600m x 400m at Red Cloud, and 1000m x 350m at Doc. All of the anomalies also remain open along strike.

Soil sampling meanwhile conducted at South Orogrande Property resulted in a new 700m long anomaly near a historic mine, along with a 600m long anomaly in the northeast portion of the property. The latter is not associated with previously known mineralization. Finally, the company also extended the 5 kilometre long gold in soil anomaly by 2.6 kilometres, with the anomaly remaining open towards the CP Vein discovery.

Finally, the company has also expanded its claims at the South Orogrande Property as a result of soil coverage extending the anomaly to the border of claims staked on June 12. The company as a result staked additional claims to the south of the property, which cover the new CP Vein discovery.

Gold Lion Resources last traded at $0.40 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’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

New Found Gold To List Shares On NYSE By End Of Month

New Found Gold (TSXV: NFG) is finally moving to a US big board. While the...

Friday, September 24, 2021, 07:52:33 AM

$8,900 Gold? Why Silver and Miners Could Outperform | Ronald-Peter Stöferle

In this interview, Ronald-Peter Stöferle, author of the In Gold We Trust report, analyzes the...

Tuesday, June 3, 2025, 01:45:00 PM

SKRR Exploration Announces Flow Through Placement To Fund Olson Drill Program Expansion

SKRR Exploration (TSXV: SKRR) announced last night that it is conducting a private placement for...

Friday, October 16, 2020, 08:35:10 AM

Taiga Gold Completes $2.5 Million Flow Through Financing

Taiga Gold (CSE: TGC) this morning announced the closing of a flow through private placement....

Friday, April 16, 2021, 09:13:45 AM

Condor Gold Drills 6.25 g/t Gold Over 8.1 Metres True Width At La India Starter Pits

Condor Gold (TSX: COG) today reported that all results have been received for forty-five diamond...

Monday, July 5, 2021, 10:41:00 AM