Gold Lion Options the South Orogrande, Robber Gulch, and Erikson Ridge Gold Projects in Idaho from EMX Royalty

VANCOUVER, British Columbia , April 07, 2020 (GLOBE NEWSWIRE) -- Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce the Company’s wholly-owned subsidiary, Gold Lion Resources (NV) Inc., has entered into an arm’s length option to earn 100% of the South Orogrande, Robber Gulch, and Erikson Ridge gold projects (the “Projects”) in Idaho from Bronco Creek Exploration Inc., a wholly-owned subsidiary of EMX Royalty Corp (“EMX Royalty” or “EMX”). The deal provides Gold Lion with a strong portfolio of gold assets in Idaho, a top tier mining jurisdiction globally, which is host to several significant gold projects currently advancing toward development. Idaho was ranked No. 8 in the world on the 2019 Fraser Institute rankings of mining attractiveness index.

Projects Overview

The three Projects comprise 4,400 hectares within prospective and underexplored regions of Idaho. Erickson Ridge and South Orogrande host both disseminated and vein-hosted gold mineralization within the regionally mineralized Orogrande Shear zone, while Robber Gulch hosts Carlin-style mineralization in Paleozoic-aged silty carbonate and clastic units. All three Projects are accessible via existing road networks from nearby towns with available services.

South Orogrande Overview

The South Orogrande Project covers approximately 11.5 kilometers of strike length along the southern portion of the Orogrande Shear Zone adjacent to, and along strike of Endomines AB’s Friday deposit which has historic open pit, oxide measured and indicated resources of 20Mtonnes averaging 1/gt Au (643Koz Au contained), and inferred resources of 21 Mtonnes averaging 0.88g/t Au (594 Koz Au contained).¹ The primary target at South Orogrande is shear-hosted orogenic-style, as well as intrusion-related gold mineralization analogous to the Friday mine. Historic surface exploration at South Orogrande has identified multiple kilometer-scale, cohesive gold in soil anomalies (2 x 5 km and 1.5 x 3 km) with coincident aeromagnetic, induced polarization, and DIGHEM geophysical anomalies in areas of minimal outcrop and widespread placer gold occurrences. EMX identified five closely-spaced, less than 100 meter deep holes from the mid-1980s that were drilled within a small portion of one of the soil anomalies, with no record of any additional drilling across the entire Project area.