Gold Lion Announces Positive Erickson Ridge Soil Sample Results
305-1770 Burrard St. Vancouver, British Columbia V6J 3G7
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GOLD LION RESOURCES INC.
NEWS RELEASE
Gold Lion Announces Positive Erickson Ridge Soil Sample Results
Vancouver, British Columbia / February 1, 2022 – Gold Lion Resources Inc. (“Gold Lion” or the
“Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to report the results of a Fall 2021
soil sampling program completed on it’s Erickson Ridge Property (“Erickson Ridge ” or the
“Property”). The Property is located along the Orogrande Shear Zone near Elk City, Idaho. Previous
soil sampling completed in 2019 by Bronco Creek Exploration, a subsidiary of EMX Royalty Corp.,
returned an anomalous gold-in -soil value of 101 ppb on a reconnaissance soil line located
approximately 1.4 kilometers to the southwest of the historically drilled area. The anomalous 2019 soil
sample was coincident with a topographic lineament, interpreted to represent the location of the
regional Orogrande Shear Zone. In Fall 2021, Gold Lion crews followed up on the 2019 work with a
tightly spaced grid of soil samples centred along the Orogrande Shear Zone. The 2021 results returned
strong gold values including 658 ppb, 503 ppb and 341 ppb Au over the historically drilled area, as
well as a new area located 1.4 kilometers to the southwest highlighted by a result of 447ppb Au. The
results suggest a possible along strike extension to the historical at surface gold mineralization, which
also remains open at depth where previous drillholes were terminated at the oxide/sulfide interface for
metallurgical reasons.
A link to figures showing the gold-in-soil results from the 2021 survey can be found at the following
link:
https://goldlionresources.com/projects/erikson-ridge-property/erickson-ridge-soil-sample-results/
The Elk City region is covered by a thick blanket of clay, which formed when the region was covered
by a glacial lake during the last ice age. Thicker portions of the clay layer tend to mask the underlying
bedrock geochemistry, however anomalous gold values were returned in the upland regions, where the
clay has been mostly removed by erosion. As a result, t here may be further undiscovered gold
mineralization in areas further along strike with undisturbed clay cover.
Chris Paul, CEO, comments: “The 2021 soil survey results are encouraging and show good potential
for extending the historically drill defined gold mineralization along strike to the southwest . We see
gold-in-soil values of up to 447 ppb, which are similar in magnitude to those results obtained over the
historically drilled area. We look forward to drill testing this exciting new geochemical target, as well
as the large IP chargeability anomaly discovered in 2020, which is located below the historically drilled
area, and may represent a body of deeper sulfide mineralization.”
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Drill Permitting Update
Gold Lion is in the late stages of drill permitting on its Erickson Ridge Property, with a maiden drill
program planned for 2022, once the final authorizations from the Nez Perce Forest Service have been
received. The permit application was submitted by the Company in 2020 and includes drill sites
located over the newly discovered geochemical anomaly as well as the IP chargeability anomaly. The
results from the Company’s 2020 IP survey were previously released on January 19th 2021 and can
be found at the following link:
https://goldlionresources.com/news/gold-lion-reports-results-of-ip-survey-at-erickson-ridge/
Qualified Person
Wolfgang Schleiss, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who
has reviewed and approved the scientific or technical information 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, Cuteye and
Fairview Properties located in Idaho and British Columbia . For more information please visit:
https://goldlionresources.com/.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Paul, CEO
T: +1 (250) 717-3151
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
by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements
are based on the opinions and estimates at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or results to differ materially
from those anticipated in the forward -looking statements including, but not limited to delays or
uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in
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.