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

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

First Phosphate Gains Danish State Support With LOI For EUR 170 Million Credit Guarantee

Denarius Metals Offers To Acquire Emerita At Just $0.30 A Share

Related News

Are We Looking At A “K” Shaped Recovery? – The Daily Dive feat Russell Starr of Trillium Gold

Closing out the week for us on the Daily Dive, is that of frequent commentator...

Friday, January 15, 2021, 01:30:00 PM

China’s New ¥100K Cash-For-Gold Rule Could Spur Buying Frenzy Before Deadline

The People’s Bank of China has ordered every dealer of precious metals and gemstones to...

Saturday, July 5, 2025, 11:33:00 AM

Fairytales: In 2020 The Stock Market’s Divorce From Reality Became Formal

Feature image adapted from art by Flickr user bedgemont_dm. “2020” because it was the year...

Sunday, January 3, 2021, 09:00:00 AM

Alamos Gold Suspends Operations At Island Gold Mine

Alamos Gold (TSX: AGI) announced this morning that it would be suspending its operations at...

Tuesday, March 24, 2020, 09:24:20 AM

Equinox Gold Sells Pilar Property For $38.0 Million, 9.9% Equity Stake In Private Issuer

Equinox Gold Corp. (TSX: EQX) announced this morning that it has sold its Pilar Gold...

Monday, April 19, 2021, 08:00:48 AM