Gold Lion Increases Land Holding at Robber Gulch Oxide Gold Project in Idaho
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 Increases Land Holding at Robber Gulch Oxide Gold Project in Idaho
Vancouver, British Columbia / June 23, 2020 – Gold Lion Resources Inc. (“Gold Lion ” or the
“Company”) ( CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce it has staked an
additional ground adjoining to the southwest of its Robber Gulch gold Property (“Robber Gulch” or the
“Property”) located near Burley, Idaho, as a result of its recently completed work program that showed
the gold-in-soil anomaly extending off the original claim block. The gold-in-soil anomaly trends to the
south underneath a thin cover of post -mineral volcanic rocks and emerges again south of the basalt flows.
It is interpreted that the mineralization may continue underneath the basalt that mantles the Oquirrh
Formation host rocks.
In addition, a second program of mapping and rock sampling has now been completed and several
significant new outcroppings of Carlin-type alteration, including decalcification, silicification and
jasperoid alteration was observed in many locations to the south, along strike from the strongest portion
of the soil anomaly. The gold-in-soil values over the altere d outcrops appear to be diluted by barren talus
boulders that have shed off the post -mineral basalt outcrops upslope. Eighty-one rock samples were
collected and have now been submitted for geochemical analysis , the results of which will be released
upon receipt.
The project is under option from EMX Royalty Corp. The primary target at Robber Gulch is Carlin-style
oxide gold mineralization . A reconnaissance program by EMX Royalty Corp. in 2019 identified broad
areas of alteration surrounding several minera lized north-south fault structures within the exposed
Oquirrh Formation units. The alteration is zoned outwards from the mineralized faults with jasperoid
developed along the structures, grading outwards to decalcification and silicification with brecciati on and
quartz veining.
Preliminary mapping completed last month indicates the presence of receptive carbonate units overlain by
a thrust faulted package of upper plate siliciclastic rocks. Very little outcrop occurs within the anomalous
zone. The gold values are believed to be controlled by high angle north-south oriented fault structures. A
primary target for drill testing is the intersection of these interpreted gold-bearing structures with the
receptive carbonate rocks at depth . According to histori c drill logs, the four shallow holes drilled by
Exvenco Resources in 1986 were not deep enough to reach the underlying carbonate rocks1.
Oliver Friesen, CEO of Gold Lion, stated: “ We are excited to be able to expand our land package at
Robber Gulch and extend the footprint of Carlin -type alteration further to the south . We look forward to
1 Internal Report on Artesian City Project, Cassia County, Idaho. 1986. Exvenco Resources Inc.
2
planning our next phase of ground -work upon receipt of the rock geochemical results and further refining
our drill targets on the project.”
Maps for the Project can be found on the Company’s website at the following URL:
https://goldlionresources.com/projects/robber-gulch-property/
Qualified Person
Agnes Koffyberg, 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
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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 estimat es 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 cautioned 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.