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Gold Lion Resources Reports Strong Rock and Soil Sampling Results; Expands South Orogrande Land Package
Vancouver, British Columbia - TheNewswire - November 10, 2020 - Gold Lion Resources Inc. ("Gold Lion" or the "Company") (CSE:GL) (CNSX:GL.CN) (OTC:GLIOF) (FWB:2
About this update from Panther Minerals Inc.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - November 10, 2020 - Gold Lion Resources Inc. (\"Gold Lion\" or the \"Company\") (CSE:GL) (CNSX:GL.CN) (OTC:GLIOF) (FWB:2BC) is pleased to announce the results of its 2020 soil and rock sampling program on its South Orogrande Property (the \"Property) and its recently acquired Doc, Majestic, Mammoth and Red Cloud Properties (collectively the \"Dixie Properties\") located near Dixie, Idaho. The South Orogrande Property is under option from EMX Royalty Corp., and the Dixie Properties are 100% owned by Gold Lion (see news release dated July 9th, 2020). A total of 76 rock grab samples (Fig. 1) and 1158 soil samples (Fig. 2) were collected during the program. The Dixie Properties collectively encompass eight (8) past-producing gold mines which operated throughout the early 1900's and to the best of the Company's knowledge, have not been explored since World War II. Highlights Rock grab sample results ranging up to 45.8g/t Au with 11 rocks returning > 5g/t Au (0.0 - 0.1 g/t: 33, 0.1 - 0.5 g/t: 18, 0.5 - 1.0g/t: 6, 1.0 - 5.0g/t: 11, 5.0 - 45.8g/t: 11)*. Additional ground staked over the new 'CP Vein' discovery, a ~10m wide mineralized quartz vein striking for over 300m on surface and returning values of up to 11.8g/t Au and 44.8g/t Ag*. Strong gold-in-soil anomalies on the newly acquired Dixie Properties, including a 600m x 200m anomaly (up to 2,766 ppb Au) on the Mammoth, a 600m x 400m anomaly (up to 303ppb Au) on the Red Cloud and a 1000m x 350m anomaly (up to 489 ppb) on the Doc, all of which remain open along strike. Extended the 5-kilometer-long gold-in-soil anomaly on the X-Zone by an additional 2.6 kilometers to the south. The soil anomaly now spans >7.5 kilometers in length and remains open toward the new CP Vein discovery. The current soil grid covers newly staked claims reported in the Company's June 12, 2020 news release (the \"June 12 claims\"). As the latest soil coverage extends the anomaly to the border of the June 12 claims, additional claims were acquired again in October, further extending the Property to the south and covering the new CP Vein discovery. A new ~700m long gold-in-soil anomaly (up to 287 ppb) over the historic Goldmaster mine, which remains open both to the north and south. A new ~600m long gold-in-soil anomaly in the northeast portion on the Property, wh...