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Lion Copper and Gold Corp. Announces Positive Mason Valley Exploration Results
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2022) - Lion Copper and Gold Corp. ...
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"Lion Copper and Gold Corp. Announces Positive Mason Valley Exploration ResultsVancouver, British Columbia--(Newsfile Corp. - December 13, 2022) - Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) (\"Lion CG\" or the \"Company\") is pleased to announce the assay results from the Mason Pass prospect surface trenching program, as discussed in the November 10, 2022 press release at its 100%-owned properties at Yerington, Nevada. Lion CG completed this program utilizing funding provided by Rio Tinto as a part of the Stage 1 Work Program.Highlights:At-surface, ore-grade, copper oxide mineralization has been encountered in recently excavated trenches at Mason Pass, with mineralization remaining open and untested in most directions. Trench 4 includes 200 ft of 0.28% TCu and 30 ft of 0.22% TCu, and averages 0.14% TCu over the full length of the trench (568 ft).Trench 1 includes 20 ft of 0.70% TCu and 90 ft of 0.34% TCu, and averages 0.14% TCu over 390 ft (from 50 to 440 ft).Trench 2 includes 50 ft of 0.20% TCu, and averages 0.08% TCu over 358 ft (from 50 to 408 ft).The Mason Pass prospect is an at-surface copper oxide target located approximately 1.5 miles south-southwest of the MacArthur pit (Figure 1). The Mason Pass prospect was first identified by Company geologists through geologic mapping of outcropping copper oxide mineralization occurring within the Singatse fault system, a district-wide flat-dipping fault that bounds the eastern edge of the outcropping mineralization (Figure 2). Two trenches totaling 848 linear feet were initially completed, and the program subsequently expanded to five trenches totaling 1,873 linear feet due to the appearance of visible oxide copper in the first two trenches. The trenches range from 6 to 15 ft in depth and were mapped and channel sampled at ten-foot intervals.The four trenches that reached bedrock all encountered copper oxide mineralization (Figure 3). The results from the trenching indicate that the copper oxide mineralization occurs from one-inch to five-foot wide flat-lying veins, striking in a southwest-to-northeast direction, and extends out from the Singatse fault into the western and southern directions for an as-yet-undetermined distance. The Company is now considering further exploration to evaluate the extent of this mineralization to the west, south, and at depth, as well as test...