Gold Lion Options the South Orogrande, Robber Gulch, and Erikson Ridge Gold Projects in Idaho from EMX Royalty - Seite 2

Robber Gulch Overview

The Robber Gulch Project comprises an area of strongly altered and mineralized Paleozoic silty carbonate and clastic units exposed within a window of post-mineral volcanic rocks. The Project lies 90 kilometers to the west, and within the same host sedimentary sequence as Liberty Gold Corp.’s Black Pine Carlin-style project in southern Idaho.¹ The primary targets at Robber Gulch are surface-mineable, oxide Carlin-style gold mineralization associated with intense jasperoid, decalcified limestone, and local quartz veining and brecciation within sandstone and carbonate units.

EMX has identified potential structural feeders and widespread zones of disseminated mineralization with anomalous gold and pathfinder elements. The Project has seen little modern exploration, with four shallow drill holes drilled in the mid-1980s, which were not followed up with further drilling or surface geochemistry. Results included hole AC-4 returning 18.3m of 0.23 g/t Au (from 24.4m to 42.7m) and 24.4m of 0.56 g/t Au (from 54.8m to 79.2m), including, 6.1m of 1.25 g/t Au (from 64.0m to 70.1m) in oxide mineralization.²

Erikson Ridge Overview

The Erickson Ridge Project covers the northern extension of the regionally important Orogrande Shear Zone in the Elk City mining district of Idaho, which hosts multiple historic drill-defined resources. Within the Project area, the shear zone is visible as a linear low topographic feature over five kilometers in length and mantled by soil and vegetation with widespread placer gold occurrences. The Project contains an outcrop of mineralization included in a 1980s-era historic resource, which also corresponds with a gold-in-soil anomaly that extends mineralization more than one kilometer along strike beyond the known resource.³ Highlight drill intercepts from the 1980s work include 33.5m of 4.1 g/t Au (from 16.8m to 50.3m) and 21.3m of 3.15 g/t Au (from 77.7 to 99.0m).² 

Historic exploration on the Project focused on shallow oxide gold mineralization, with drill holes typically less than 100 meters in depth. Modern exploration has not been conducted over much of the Project area, and Gold Lion will be targeting extensions of the historic resource area in addition to structural intersections along strike of the Orogrande Shear zone.

Maps for the Projects can be found on the Company’s website at the following URL:

https://goldlionresources.com/projects/idaho-assets/

Oliver Friesen, CEO of Gold Lion, stated: “The acquisition of the South Orogrande, Robber Gulch and Erikson Ridge Projects gives Gold Lion a strong foothold in the burgeoning mineral district of Idaho, where several advanced-stage projects are currently being developed towards feasibility. All three assets boast strong historical results and have received little to no modern-day exploration. We look forward to advancing all three projects to a drill ready stage over the coming months.”