Gold Lion Reports Phase II Drill Results 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 Phase II Drill Results from Robber Gulch
Vancouver, British Columbia / April 28, 2021 – Gold Lion Resources Inc. (“Gold Lion” or
the “Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce the results of
the second and third hole drilled by the Company on its Robber Gulch Property located near
Burley, Idaho. Vertical r everse circulation drill hole RG-RC-21-02 intersected 30.5 meters of
stratabound oxide gold mineralization grading 0.30 g/t Au from surface, including 9.1 meters
grading 0.71 g/t Au, while RG -RC-21-03 intersected 12.2 meters of 0.65 g/t Au beginning at
surface within the project’s Raider Zone (Figures 1, 2).
The drill hole was collared over strong gold mineralization sampled in trenches previously reported
by the Company on January 4 th, 2021. Both drillholes collared within the target host sub -unit,
which bears strong oxide gold mineralization, but entered an underlying lower grade stratigraphic
sub-unit around 6 meters depth. It is possible that the target sub-unit has been partially eroded and
exposed within the saddle on which the reported holes were collared, and previously reported
trenches were excavated, which explains the strongly coincident gold-in-soil anomaly. The next
phase of drilling aims to collar at a higher elevation, upslope to the south of RG-RC-21-02 and
RG-RC-21-03, to test the less eroded and thicker portion of the host sub- unit as illustrated in the
cross-section in Figure 1 and the plan map in Figure 2. The next phase of drilling will not only test
a higher elevation from the previous drilling, but it will also be collared on a post -mineral basalt
cap which may have protected the unde rlying host unit from erosion, potentially preserving a
thicker section of the target sub-unit.
Highlights
• Oxide gold mineralization encountered at surface in both drill holes reported, indicating
partial erosion of the target sub-unit and providing an explanation for the high tenor of the
coincident gold-in-soil anomaly.
• Information from the current drill hole s indicates the host sub-unit is best targeted from a
higher elevation, upslope to the south of holes RG-RC-21-02 and RG-RC-21-03.
2
• The next phase of drilling is planned over an area with no gold-in-soil anomaly, on top of
post-mineral cover rocks which may have preserved underlying gold mineralization from
erosion.
• Plan of Operations permit application submitted to allow drilling to continue south onto
Sawtooth National Forest ground, to test stronger gold values in both soils and rocks in a
system that extends at least 1.5 kilometers south of the current drilling.
• 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 II Drill Program Significant Intercepts
Length (m)
Dip (deg) Hole ID From (m) To (m) Interval (m) Au (g/t)
192
-90o
RG-RC-21-02 0.0 30.5 30.5 0.30
incl. 0.0 9.1 9.1 0.71
AND 91.4 103.6 12.2 0.12
207.3
-90o
RG-RC-21-03 0.0 12.2 12.2 0.65
AND 30.5 45.7 15.2 0.17
AND 195.1 201.2 6.1 0.16
Chris Paul, CEO of Gold Lion, commented: “The current round of drilling demonstrates the grade
potential of the receptive sandstone sub-unit on the Property and has provided the necessary
information to guide our next phase of drilling. The geology in the last two holes points us toward
a blind target underlying a capping of post-mineral cover rocks. We are excited to continue testing
the system as our understanding of the stratigraphy and mineralization continues to evolve with
each hole drilled.”
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-ii-drill-results/
QA/QC
All reverse circulation drill chip samples were logged and sampled by Gold Lion personnel.
Certified reference material standards, blanks and field duplicates were inserted at a ratio of
approximately two in every 10 samples. The chip samples were collected in porous polyester bags
and transported to ALS Geochemistry in Reno, NV , 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 better 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, which reports results in parts per million (ppm) (equivalent to grams per tonne
(g/t)). All analytical results are verified with the application of industry standard Quality Control
and Quality Assurance (QA-QC) procedures.
Qualified Person
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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 acti vely 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
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",
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"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.