Business
Gold Lion Resources Mobilizes Drill to South Orogrande Project
Vancouver, British Columbia - TheNewswire - October 4, 2021 - Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CNSX:GL.CN) (OTC:GLIOF) (FWB:2BC) reports
About this update from Panther Minerals Inc.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - October 4, 2021 - Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CNSX:GL.CN) (OTC:GLIOF) (FWB:2BC) reports that the Dixie-Jumbo fire evacuation order has been lifted and a core drilling rig has been mobilized to the Company’s South Orogrande Property near Dixie, Idaho (“South Orogrande” or the “Property”) to test the newly-defined Horseshoe Bend target, delineated within the Property’s X Zone. Soil sampling, geological mapping and geophysical work carried out over the past two field seasons has identified a strong gold-silver exploration target defined by the strongest gold- and arsenic-in-soils anomaly on the Property. The well-defined soil anomaly, which incorporates historic data, 2020 sampling and 2021 results which have not previously been released, flanks the northeast side of the regional-scale Orogrande Shear Zone. The anomaly lies in a similar structural setting to the adjacent Friday Mine, owned by Scandinavian company Endomines AB. Figures illustrating the soil anomaly, IP geophysics and interpreted geological structures, including the Orogrande Shear Zone and adjacent Friday deposit, can be found at the following link: Click Here Three diamond drill holes are planned to test a conductive geophysical corridor underlying the soil anomaly at the Horseshoe Bend target. The holes will be drilled from two pads, spaced 200 meters apart along a forest service road. Two ~1,700-foot-long holes will be drilled toward the southwest, underneath the strongest portion of the soil anomaly and terminating at the Orogrande Shear Zone. One other hole will be drilled in the opposite direction, targeting the northeast half of the geophysical anomaly which is overlain by river gravels that could not be tested by soil sampling. Approximately 3,850 feet of drilling is planned for the three holes at Horseshoe Bend. A table of planned hole collars is presented below. Note that the current drill plan may be adjusted based on visual interpretations in the first holes drilled. Table 1 - Planned Hole Collar Coordinates Hole ID Latitude Longitude Azimuth (o) Dip (o) Length (m) Length (ft) SO-01 45.61696 -115.51369 240 -45 525 1,722 SO-02 45.618841 -115.514849 240 -45 525 1,722 SO-03 45.618841 -115.514849 60 -45 125 410 Erickson Ridge The Company continues to await receipt of a dr...