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Gold Lion Provides Update Regarding Exploration Activities On Fairview Property
VANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CSE: GL) is pleased to provide the follo
About this update from Panther Minerals Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CSE: GL) is pleased to provide the following update regarding its road accessible 2,574-hectare Cu-Ag-Zn Fairview Property (“Fairview” or the “Property”), located in the Kamloops Mining Division of British Columbia approximately 22 kilometers east of the City of Cache Creek, and 45 kilometers west of the City of Kamloops. Past exploration work on the property dating back to the 1940’s has identified numerous showings within the Property boundaries including the Fairview, P&L, Quinto, and Quinto III minfiles. The Property is located within the Central Volcanic Facies of the Nicola Group, a narrow belt of alkaline volcanic and subvolcanic intrusive rocks, which are host to numerous alkalic porphyry deposits including both the Copper Mountain Mine to the south and the Iron Mask Batholith (Afton, Ajax) to the east.1 The claims are situated near the northern extent of the highly fertile Guichon Creek Batholith which is the causative intrusion for the Highland Valley Cu-Au and Craigmont Cu mines located to the south of the Property.1 The Company recently flew a 466.09-kilometer airborne magnetic survey over the Fairview, which highlighted several narrow north-south oriented magnetic low lineaments believed to represent limestone units that are coincident with historic skarn-style mineralization on the Property. Additionally, three roughly concentric magnetic highs were identified which could be related to buried intrusions at depth. Small satellite intrusive centers, or roof pendants to the Guichon Creek Batholith are known to extend at least as far north as the Fairview Property. The main target for this Property is the contact zone between buried intrusive centers and the Nicola Volcanic facies rocks, or limestone contacts with the same intrusive suite, and the magnetic products produced during the 2019 survey highlight possible zones where these contacts could exist. Rock sampling completed by the Company during the 2019 field season returned highly anomalous copper and zinc mineralization with results up to 1.48%, and 1.24% Cu as well as 1.78% Zn. Gold Lion invites all current and prospective shareholders to view property geology maps and associated airborne magnetic survey results by visiting the ...