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Gold Lion Resources Reports Additional Robber Gulch Geochemical Results; Announces Drill Plans
Vancouver, British Columbia - TheNewswire - August 11, 2020 - Gold Lion Resources Inc. ("Gold Lion" or the "Company") (CSE:GL) (CNSX:GL.CN) (OTC:GLIOF) (FWB:2BC
About this update from Panther Minerals Inc.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - August 11, 2020 - Gold Lion Resources Inc. (\"Gold Lion\" or the \"Company\") (CSE:GL) (CNSX:GL.CN) (OTC:GLIOF) (FWB:2BC) is pleased to announce additional results from the Phase II infill soil sampling program on its Robber Gulch oxide gold Property (\"Robber Gulch\" or the \"Property\") located near Burley, Idaho. The Property is under option from EMX Royalty Corp. The Phase II program (857 samples collected at 25m and 50m sample spacing) was designed to infill the highest tenor Au-in-soil anomalies identified by the earlier Phase I program (see news release dated June 16th, 2020). Based on the encouraging results, the Company is preparing its notice level application for drilling and trenching which will be submitted to the local Bureau of Land Management (BLM) office in the coming days. Phase II Program Highlights The results highlight two main anomalous zones, termed the Central and West anomalies, which are characterized by large and coherent >100ppb Au-in-soil anomalies (up to 756ppb Au) within a broader footprint of elevated (>25ppb Au) gold. Additionally, a new anomaly was discovered to the south which remains open and may be an extension of the West anomaly below post mineral volcanic cover. Three of the four historic holes drilled on the Property were targeting a small fringe anomaly to the East, while the main anomalous area (West) has only seen one historic hole, AC-4, which was collared southwest of the Main anomaly in 1986. Selective outcrop grab samples taken from within the West anomaly returned up to 6.49g/t Au (see news release July 2, 2020). The reader is cautioned that rock grab samples are selective by nature and may not represent the true grade or style of mineralization across the Property. Geologic mapping completed in June of 2020 identified Carlin-type alteration south of the post-mineral volcanic cover truncating the West anomaly. Reconnaissance soil samples collected over this area during Phase II returned up to 311 ppb Au. The Company recently staked additional ground and will continue to sample the extensions of the South anomaly (see news release June 23, 2020). Permitting The Company is also pleased to announce that it is preparing a notice level application for drilling and trenching which will be submitted in the coming days to the local Bureau ...