Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Gold Lion Resources is preparing an exploration program to its Cuteye properties
  • CEO Oliver Friessen “eager to announce our 2020 exploration plans”
  • Cuteye purchase concluded this month from Numberco
  • Exploration to focus on detailed mapping, prospecting and soil sampling
  • Shares were trading at CAD$0.40

Mineral explorer Gold Lion Resources has informed the market that it is continuing due diligence activities on the company’s portfolio of precious metals projects while also preparing a 2020 exploration plan.

CEO Oliver Friessen said: “We have underpinned our search with clear assessment criteria, evaluating numerous precious metal properties to date,”

“Gold Lion’s focus is on high- quality assets and we are eager to announce our 2020 exploration plans in the coming months.”

The company’s exploration program will focus on the Cuteye group of properties which was purchased this month from Numberco and is made up of the Mister Jay, Lady Jane, Lama, Missus Jay claim blocks in British Colombia’s ‘golden triangle’.

The area is about 25km southwest of Glenora, with the program conducting detailed mapping, prospecting and soil sampling.

The company’s other asset is the Fairview project, a 2574 hectare property located in the Kamloops mining district.

At the time of writing Gold Lion Resources’ shares were trading at CAD$0.40. It has a market capitalization of CAD$9.9 million.

More From The Market Herald

" FireFox Gold (TSXV:FFOX) closes first tranche of non-brokered private placement

FireFox Gold Corp. (FFOX) has closed the first tranche of a non-brokered private placement for gross proceeds of $452,010.

" Starcore (TSX:SAM) announces $1.2M private placement

Starcore International Mines (SAM) has announced a non-brokered private placement for gross proceeds of up to $1,200,000.

" Grizzly (TSXV:GZD) to advance 2022 drilling for BC precious & battery metals projects

Grizzly Discoveries (GZD) is reviewing proposals for core drilling during the 2022 exploration season.

" ArcPacific (TSXV:ACP) locates lost gold-copper mine on LMSL Project

ArcPacific Resources Corp. (ACP) has discovered an early 1900s era gold-copper mine at its LMSL Project in British Columbia.