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Lion Copper and Gold Announces Yerington Bear Deposit Diamond Drill Results, Hole B-056A Encountered 2,376 ft of 0.40% TCu
Including 130 ft of 0.65% TCu and 138 ft of 0.62% TCu Yerington, Nevada--(Newsfile Corp. - Augus...
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"Lion Copper and Gold Announces Yerington Bear Deposit Diamond Drill Results, Hole B-056A Encountered 2,376 ft of 0.40% TCuIncluding 130 ft of 0.65% TCu and 138 ft of 0.62% TCuYerington, Nevada--(Newsfile Corp. - August 21, 2024) - Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) (\"Lion CG\" or the \"Company\") today released results from its Bear deposit 2024 exploration drilling program in the Yerington District of Nevada. As a second phase of drilling subsequent to the exploration drilling in 2023 (see Oct 27, 2023, news release), an additional US$1,500,000 (total US$4,000,000) was funded as early advance of the Stage 3 funding for exploration under the Company's agreement with Nuton LLC, a Rio Tinto venture (see December 22, 2023, new release).Bear Deposit 2024 Drilling Highlights Diamond core drill hole B-056A encountered 2,376 ft of 0.40% TCu, including 130 ft of 0.65% TCu and 138 ft of 0.62% TCu collared midway between legacy Anaconda drill holes B-014 and B-022Diamond core drill hole B-055, collared 2,750 ft southwest from drill hole B-054, encountered weak copper mineralization along the far western edge of the known deposit B-056A is a deep, angle drill hole located along a northwest trend of elevated copper grades defined by legacy Anaconda drilling. Drill hole B-055 is coincident with a strong Induced Polarization (IP) anomaly identified during the recent IP survey completed in late 2023. B-056A returned a significant drill intercept of 0.40% TCu over 2,376 ft from a depth of 1,237 ft and ending in final two intervals of 1.150 TCu% and 0.904 TCu%. Figure 1 shows the location of Bear drill holes and Figure 2 shows a cross section through drillhole B-056A. Steven Dischler, Lion CG's CEO, states, \"The thick intervals of copper mineralization encountered in our latest drilling of B-056A highlights the tremendous size and potential of the Bear deposit. The wide intercepts of copper mineralization throughout the Bear porphyry system are encouraging and continue to support our fundamental view that continued systematic exploration has potential to unlock substantial new zones of high-grade copper mineralization and further expand and upgrade the footprint of the deposit.\"Bear Deposit 2024 Drilling DetailsTwo diamond core drill holes, B-055 and B-056A were angle drilled to depths of 3,435 ft and 3,613 ft, respect...