Source: Lion Copper and Gold Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Lion Copper and Gold Corp. (LEO) has released the assay results from the Mason Pass prospect surface trenching program
  • Lion CG completed this program at its 100-per-cent-owned properties in Nevada, utilizing funding provided by Rio Tinto as a part of the Stage 1 Work Program
  • Highlights of the program include encountering at-surface, ore-grade, copper oxide mineralization in recently excavated trenches at Mason Pass
  • Lion Copper and Gold Corp. is a Canadian-based company advancing its flagship copper assets in Mason Valley, Nevada
  • Lion Copper and Gold Corp. opened trading at $0.06

Lion Copper and Gold Corp. (LEO) have released the assay results from the Mason Pass prospect surface trenching program.

Lion CG completed this program at its 100-per-cent-owned properties in Nevada, utilizing funding provided by Rio Tinto as a part of the Stage 1 Work Program.

Highlights of the program include encountering at-surface, ore-grade, copper oxide mineralization in recently excavated trenches at Mason Pass, with mineralization remaining open and untested in most directions.

The Mason Pass prospect is an at-surface copper oxide target located approximately 1.5 miles south-southwest of the MacArthur pit.

Company geologists first identified it through geologic mapping of outcropping copper oxide mineralization occurring within the Singatse fault system, a district-wide flat-dipping fault that bounds the eastern edge of the outcropping mineralization.

Two trenches totalling 848 linear feet were initially completed. The program subsequently expanded to five trenches totalling 1,873 linear feet due to the appearance of visible oxide copper in the first two trenches.

The trenches range from 6 to 15 ft in depth and were mapped, and channel sampled at ten-foot intervals.

The four trenches that reached bedrock all encountered copper oxide mineralization.

The company is now considering further exploration to evaluate the extent of this mineralization to the west, south, and at depth, as well as testing for potential to the east, beneath the cover of volcanics that postdate the mineralization.

“We are very encouraged at these results from the Mason Pass oxide prospect surface trenching program, just the first of many compelling copper exploration targets assembled by the Lion CG and Rio Tinto exploration teams,” said Travis Naugle, Lion CG’s CEO.

“It is exceptional to uncover this kind of ore-grade copper oxide mineralization at surface, in a location which can take advantage of future project infrastructure,” he added.

Lion Copper and Gold Corp. is a Canadian-based company advancing its flagship copper assets in Mason Valley, Nevada.

Lion Copper and Gold Corp. opened trading at $0.06.


More From The Market Herald

" Osisko Mining (TSX:OSK) announces $75 million private placement

Osisko Mining (OSK) will undertake a C$75 million bought-deal private placement.

" @ the Bell: Markets tumble amid rate worries

Canada’s main stock index was weighed down on Monday by commodity-linked and financial stocks. The telecom and utilities sectors posted some gains.
Dolly Varden Silver Corporation - President & CEO, Shawn Khunkhun.

" Dolly Varden Silver (TSXV:DV) reports highest-grade silver assay found so far on the Kitsault Valley Property

Dolly Varden Silver Corporation (DV) discovered the highest-grade silver assay found so far on the Kitsault Valley Property.

" Millennial Potash (TSXV:MLP) announces $2M private placement of units

Millennial Potash Corp. (MLP) has announced a private placement for gross proceeds of $2 million.