Gold Lion Reports First Drilling Result from Robber Gulch
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 First Drilling Result from Robber Gulch
Vancouver, British Columbia / February 19, 2021 – Gold Lion Resources Inc. (“Gold Lion”
or the “Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce the results
of the first hole drilled by the Company on its Robber Gulch Property located near Burley, Idaho.
Reverse Circulation drill hole RG-RC-20-01 intersected three separate intervals of stratabound
gold mineralization, southeast of the project’s Raider Zone (Table 1, Figures 1, 2). The drill hole
was collared 330 meters southeast of trenches RG -TR-20-02 and RG -TR-20-03, prior to the
Company receiving those analytical results.
The drill hole targeted a steeply dipping structure coincident with strong gold mineralization from
grab samples collected on the Sawtooth National For est1. As the Company does not yet have its
Forest Service drilling permit, the hole was collared on an existing road on BLM ground, well
downslope of the strong surface mineralization. Prior to reaching the mineralized structure, the
hole encountered the Manning Canyon Shale (dark coloured unit on Figure 2), which underlies the
receptive gold bearing unit s. Despite intersecting the gold bearing calcareous sandstone host
approximately 160 meters east of the mineralized structure, the hole returned 0.20g/t over 24.4m
and 0.24 g/t Au over 48.8 meters (Figure 2) . The host sandstone units are interpreted to have a
high degree of porosity and permeability and the grade of gold correlates with their proximity to
the mineralized structure.
The Phase II drill program includes several drill holes located along a section of road crossing the
mineralized structure identified at the project’s Raider Zone (Figure 1). The holes will be drilled
at steep to vertical orientations to test the th ickness of the shallow dipping mineralization within
the receptive host units.
Following the completion of the Phase II drilling program, the Company plans to continue stepping
south on to Sawtooth National Forest ground where the best grab samples, up to 6.49g/t Au, have
been collected on surface to date (See July 2, 2020 news release).
1 The reader is cautioned that rock grab samples are selective by nature and may not represent the true grade or style of
mineralization across the Property
2
Highlights
• Carlin-type gold mineralization intersected in RG -RC-20-01 at depth, a considerable
distance from the north- south oriented mineralized structure recently discovered in
trenches RG-TR-20-02 and RG-TR-20-03 within the project’s Raider Zone (See January
4, 2020 news release).
• Property hosted within s imilar geology to Liberty Gold Corp.’s nearby Black Pine oxide
gold project (Pennsylvanian Oquirrh Formation).2
• Plan of Operations permit application prepared to allow drilling to continue onto Sawtooth
National Forest ground, to test stronger mineralization to the south of the current drilling
which is constrained to BLM lands.
• Property located on road-accessible BLM and Forest Service ground, close to infrastructure
within the mining-friendly State of Idaho, USA.
Table 1 – 2021 Phase I Drill Program Significant Intercepts
Hole ID From (m) To (m) Interval (m) Au (g/t)
RG-RC-20-01 0 24.38 24.38 0.20
And 67.06 76.20 9.14 0.21
And 100.58 149.35 48.77 0.24
Chris Paul, Exploration Manager for Gold Lion, commented: “The Company is pleased with the
results of its first drill hole , demonstrating that gold grades can occur as far as 330 meters from
the mineralized structure recently discovered in trenches RG-TR-20-02 and RG -TR-20-03. We
look forward to future testing of the target from above the mineralized horizon once our permit is
received from the Sawtooth National Forest . Meanwhile, the Phase II drill program will test the
depth extent of strong gold mineralization encountered within our recent trenching discovery at
the Raider Zone . We’re excited to continue stepping south along this newly defined structure,
towards the best surface results we’ve received to date, on the Sawtooth National Forest ground.”
The analytical results from the first hole indicate a strong correlation of arsenic with gold
mineralization, as shown on Figure 2. The Company is currently evaluating the use of a field
portable XRF gun to analyze for arsenic in real time at the drill rig . Having arsenic results in real
time may provide the Company with a predictive tool for indicating the presence of gold
mineralization, without having to wait several weeks to months for laboratory results.
Maps highlighting the results of the recently completed drill hole and the current drill plan can be
found on the Company’s website at the following URL:
https://goldlionresources.com/projects/robber-gulch-property/robber-gulch-phase-i-drill-results/
2 Adjacent Properties - This news release contains information about adjacent properties on which Gold Lion does not
have the right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not
indicative of mineral deposits on the Company's properties.
3
QA/QC
All reverse circulation drill chip samples were logged and sampled by Gold Lion personnel.
Certified reference material standards, blanks and pulp duplicates were inserted at a ratio of
approximately two in every 10 samples. The chip samples were sealed in porous polyester bags
and transported to MS Analytical’s laboratory in Langley, B .C., by Gold Lion personnel for
preparation and analysis. Sample preparation was completed by crushing the entire sample to 70%
passing -2mm, riffle splitting off 1 kilogram and pulverizing the split to bette r than 85% passing
75 microns. Using a 30 gram sub-sample, the gold values are determined by the fire assay method,
with atomic absorption finish (code FAS -111), which reports results in parts per million (ppm)
(equivalent to grams per tonne (g/t)). Using a 0.5 grab sub- sample, the remaining analytes were
determined by multi- element ICP-AES with an aqua regia digest (code ICP -130). All analytical
results are verified with the application of industry standard Quality Control and Quality Assurance
(QA-QC) procedures.
Qualified Person
Agnes Koffyberg, 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, Robber
Gulch, Cuteye and the Fairview Properties located in Idaho and Briti sh 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 by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that certai n 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
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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.