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Lion Rock Completes Phase 1 Drill Program at Volney Project, South Dakota
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Lion Rock Resources Inc. (TSX...
About this update from Lion Rock Resources Inc
[{"type":"text","content":"Lion Rock Completes Phase 1 Drill Program at Volney Project, South DakotaVancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Lion Rock Resources Inc. (TSXV: ROAR) (FSE: KGB) (OTCQB: LRRIF) (the \"Company\") is pleased to provide an update on its exploration activities at the Volney Project, located in the historic Black Hills mining district of South Dakota, USA. Phase 1 of the Company's multi-phase exploration drill program at the Volney Project is now complete, following the completion of 15 drill holes.News HighlightsPhase 1 Drilling Completed - 3,600 m across 15 drillholes: The Company completed approximately 3,600 metres of diamond drilling in 15 drillholes targeting both interpreted gold-bearing horizons and lithium-bearing pegmatites along the Volney trend, including areas near the historic Giant Volney, Rusty, and Rough & Ready mines (Figure 1). Of the holes completed to date, five have targeted lithium-bearing pegmatites, five have targeted gold-bearing structures, and five have targeted both lithium and gold mineralization (Table 1). This program represents the first modern drill testing along the Volney trend.Multiple Mineralized and Altered Shear Zones Successfully Intersected: Drilling has encountered multiple sulphide-bearing shear intervals of various lengths with associated quartz veining and silicification hosted in altered mafic volcanics and metasedimentary rocks. These altered and mineralized horizons have been encountered throughout the entire drilled strike length so far. Drill core displays similar characteristics with auriferous units previously mapped and sampled at surface, where grab samples returned up to 14.0 g/t Au (see Lion Rock news release dated May 28, 2025).Spodumene-bearing Pegmatite Intersected: Spodumene has been identified in multiple pegmatite intercepts in the Giant Volney and Rough & Ready mine areas. Drillhole VOL25-009 intercepted two spodumene-bearing pegmatite zones from 48.3 to 76.9 m and from 103.5 to 120.3 m. These pegmatites occur near areas of previous surface sampling that returned up to 3.6% Li2O and are consistent with mapped pegmatite system in the Volney target area (see Lion Rock news release dated May 13, 2025). Cassiterite and tantalite have also been observed in drill core.Assays Pending: Core processing and sampling for the final drillholes is co...