Gold Lion Reports Results of IP Survey at Erickson Ridge
305-1770 Burrard St. Vancouver, British Columbia V6J 3G7
T: (778) 772-1751/ W: https://goldlionresources.com/
GOLD LION RESOURCES INC.
NEWS RELEASE
Gold Lion Reports Results of IP Survey at Erickson Ridge
Vancouver, British Columbia / January 19, 2021 – Gold Lion Resources Inc. (“Gold Lion” or the
“Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce the results of a 3D array
IP geophysical survey conducted by SJ Geophysics Ltd. of Delta, B.C , on its Erickson Ridge Property
(the “Property”) located near Elk City, Idaho. The Property is under option from EMX Royalty Corp. The
survey successfully highlighted a n at surface chargeability anomaly which is strongly coincident with
known historical mineralization on the Property. The resistivity data collected during the survey also
defined the 3D location of the Top Ten Fault, which is known to be an important structural control on
mineralization within the Property. The survey also delin eated a large chargeability anomaly which
occurs along the hanging wall of the Top Ten Fault, which represents a new high priority drill target on
the Property (Fig.1).
Highlights
At surface c hargeability anomaly is strongly coincident with historical mineralization, which
consists of gold-bearing disseminated pyrite hosted in schistose metasedimentary rocks.
Resistivity data clearly defines the 3D location of the Top Ten Fault, an important structural
control on gold mineralization on the Property.
A second, large chargeability anomaly occurs at depth on the Property, in the immediate hanging
wall of the Top Ten Fault, which represents a new high priority drill target for 2021.
Gold Lion is in the late stages of permitting 62 drill sites apart of a categorical exclusion
provision on its Erickson Ridge Property, with a maiden drill program planned following receipt
of final authorizations and bond payment completion with the Nez-Perce National Forest.
Oliver Friesen, CEO of Gold Lion, stated: “The newly discovered chargeability target on Erickson Ridge
presents a compelling opportunity for additional mineralization on the Property . The association of high
chargeability with known near surface mineralization demonstrates the suitability of IP for this particular
Property, in which the gold mineralization occurs with disseminated pyrite. We look forward to drill
testing the area of historical mineralization and the new ly discovered high chargeability target once
permits are received from the United States Forest Service.”
(Fig.1) A cross -section highlighting the IP results can be found on the Company’s website at the
following URL:
https://goldlionresources.com/projects/erikson-ridge-property/erickson-ridge-2020-ip-cross-section-
4200n/
2
Qualified Person
Agnes K offyberg, P.Geo., is the Qualified Person as defined by National Instrument 43 -101 who has
reviewed and approved the technical data in this news release.
About Gold Lion Resources Inc.
Gold Lion Resources Inc. is a mineral exploration company actively involved in the exploration of its
precious metal focused portfolio including the South Orogrande, Erikson Ridge, Robber Gulch, Cuteye
and the Fairview Properties located in Idaho and British Columbia. For more information please visit:
https://goldlionresources.com/.
ON BEHALF OF THE BOARD OF DIRECTORS
Oliver Friesen
CEO
T: +1 (778) 772-1751
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the
accuracy or adequacy of this release.
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward -looking information"
within the meaning of applicable securities law. Forward-looking information is frequently characterized
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forward-looking information, including factors beyond the Company’s control. There are no assurances
that the business plans for Gold Lion Resources described in this news release will come into effect on the
terms or time frame described herein. The Company undertakes no obligation to update forward -looking
information if circumstances or management's estimates or opinions should change except as required by
law. The reader is cautione d not to place undue reliance on forward -looking statements. Additional
information identifying risks and uncertainties that could affect financial results is contained in the
Company’s filings with Canadian securities regulators, which are available at www.sedar.com.