GOLD LION RESOURCES (CSE:GL | FWB:2BC | OTC:GLIOF)
It’s an excellent time to be a gold investor.
The precious metal has broken eight-year price records and has recently breached US$2,000 an ounce (“/oz”), with some analysts even forecasting a rise to more than US$3,000/oz by early next year.
All gold firms are benefitting from these shining conditions, but some of the most transformational returns stand to be made by exploration firms with prospects in highly-attractive jurisdictions.
Gold Lion Resources (CSE:GL | FWB:2BC | OTC:GLIOF) presents such an opportunity.
This explorer has seen its average trading volume soar from the tens of thousands when it first listed to hundreds of thousands in June and July, and its share price has quadrupled.
The catalyst for this sharp increase in interest came in April, when Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) secured an option to acquire three gold projects – Robber Gulch, Erikson Ridge, and South Orogrande.
All three assets offer company-making potential, and Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) has started making use of its debt-free, cash-heavy balance sheet to advance them. But what is equally exciting is where they are based – the U.S. state of Idaho.
Idaho – following in Nevada’s massive footsteps
GOLD LION RESOURCES (CSE:GL | FWB:2BC | OTC:GLIOF)
According to the United States Bureau of Mines – a former government mining agency – the amount of mineable gold waiting to be discovered across Idaho rivals that of even the very most prospective American gold states.
However, after all its “easy” gold was swept up by panhandlers and early miners throughout the late 1800s and early 1900s, production waned as the state became more well known for silver production.
Today, Idaho’s mining industry is changing as large gold deposits in leading Northern American mining jurisdictions like Nevada and Ontario become harder to find – often, the best land has already been taken!
Firms like Endomines, Revival Gold, Integra Resources, and Midas Gold are all now re-visiting Idaho’s vast reserves of mineralized rock armed with modern mining techniques that their historical predecessors could only dream of.
Geology aside, a key attraction is the ease with which these firms can do business in Idaho – something critical to the development of any mine. Not only is the state safe and stable, but its mining history means road access, power lines, water, and rail are abundant, and it boasts a vast ready-made skilled laborforce.
Meanwhile, the pro-mining stance of Idaho’s legislation is well documented. Just last year, state officials agreed to update 50-year-old mining laws “to give mining companies the financial leeway to mine” and protect Idaho mining from federal litigation, federal regulation, and opposition.
These sorts of developments have even granted Idaho a position in the latest edition of the Fraser Institute’s prestigious ranking of the top ten global mining jurisdictions for investment attractiveness.
Today, many describe Idaho’s gold industry as being at the same stage as its neighboring state Nevada was around 30 years ago. It was around this time that modern exploration techniques enabled a greater understanding of the enormous gold trends underpinning Nevada, prompting a rapid and substantial influx of discoveries.
Nevada still sits as the sixth-largest gold producing jurisdiction in the world and remains a major base of operation for the likes of Kinross Gold, Barrick Gold, and Hecla Mining. Today, Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) has established a powerful footing in Idaho as the state continues to follow in these massive footsteps.
Crossing state boundaries in the search for Carlin-type gold
GOLD LION RESOURCES (CSE:GL | FWB:2BC | OTC:GLIOF)
The first of Gold Lion’s (CSE:GL | FWB:2BC | OTC:GLIOF) three prize projects is Robber Gulch. This large package of land extends over an underexplored district in the south of Idaho immediately north of Nevada’s rich Carlin trend.
Since the Carlin mine was established in the 1960s, ‘Carlin-type deposits’ have represented some of the world’s largest hydrothermal gold deposits. The biggest today is Barrick Gold’s Goldstrike mine, which had produced 44.4 million ounces of the yellow metal as of 2018.
Incredibly, companies have largely failed to look into whether the Carlin trend projects across the state line from Nevada into Southern Idaho to date – too little was known about the area. One firm that has, however, is Liberty Gold, whose Carlin-style Black Pine project sits near to Robber Gulch.
This stock has soared 126% in the last six months after revealing record gold extraction to support a simple heap leach mine and discovering a high-grade oxide gold zone. With Robber Gulch sitting atop the very same host rocks as Black Pine, Friesen sees this as a great endorsement of Gold Lion’s (CSE:GL | FWB:2BC | OTC:GLIOF) approach:
“Liberty Gold came in and provided proof of concept that Carlin potential exists in Idaho, and the company’s market cap has now risen to some half a billion dollars. This opened up the door for us to do the same thing at Robber Gulch.”
Historical drilling at Robber Gulch is limited to a small programme of four holes in the 1980s, but Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) is now ready to go much further.
Early work has already identified two geochemical anomalies typical of Carlin-type gold systems and a more-than-2km strike length of surface gold grading up to 6.49g/t. With permitting now in motion, Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) now plans to begin drilling this fantastic opportunity later this year.
Consolidating the Orogrande Shear Zone – Idaho’s hidden gold opportunity
GOLD LION RESOURCES (CSE:GL | FWB:2BC | OTC:GLIOF)
Joining Robber Gulch in Gold Lion’s (CSE:GL | FWB:2BC | OTC:GLIOF) project portfolio are Erikson Ridge and South Orogrande.
These two properties cover a large land position on top of a 50km long, under-explored geological formation in north-central Idaho called the Orogrande Shear Zone.
From the late 19th century to the early 20th century, this region produced more than 1 million ounces of gold, mostly from very basic placer mining. However, after operations were ordered shut during World War II, work never properly restarted.
This is now changing, and the initial signs are very encouraging.
Sitting less than a kilometer away from South Orogrande is a large open-pit gold oxide deposit being brought into production by Swedish miner Endomines AB. The Friday mine is huge, containing 647,000oz of gold in the highly-prized Measured and Indicated categories and 590,000oz of Inferred gold with upside potential deeper underground.
Following in Endomines footsteps, Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) has begun to consolidate the Orogrande Shear Zone and the ground is now ready for exploration with modern mining techniques.
Surveying by Premium Exploration several years ago revealed two large gold-in-soil anomalies on Gold Lion’s (CSE:GL | FWB:2BC | OTC:GLIOF) South Orogrande project that are along strike of the Friday mine. However, the firm was unable to follow-up with drilling because of last decade’s depressed gold prices.
With gold prices now at all-time highs, Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) is picking up where Premium left off, completing an extended IP survey with detailed mapping and prospecting. Drill testing is expected to follow later in the year.
Geology at South Orogrande
Meanwhile, a little-known historical resource was established at Erikson Ridge in the 1980s by a firm targeting shallow mineralization with intercepts including an impressive 33.5m of 4.1g/t gold and 21.3m of 3.15g/t gold.
Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) is now following up on this work with modern techniques targeting much deeper extensions, and verification and test drilling are once again expected later on in the year.
Getting in on the ground floor in Idaho
GOLD LION RESOURCES (CSE:GL | FWB:2BC | OTC:GLIOF)
With more and more miners and investors backing Idaho as the next global center for gold mining and the gold price continuing to hit record highs, the potential for profits in the state grows with every passing day.
With its strong balance sheet, increasing market presence and portfolio of excellent, under-explored assets boasting vast structural potential, Gold Lion Resources (CSE:GL | FWB:2BC | OTC:GLIOF) provides investors with the ideal solution for getting in on the ground floor.
IMPORTANT NOTICE AND DISCLAIMER
PAID ADVERTISEMENT
This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Gold Lion Resources Inc. to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of one hundred and sixty six thousand to produce and disseminate this and other similar articles and certain related banner advertisements. This compensation should be viewed as a major conflict with the Publisher’s ability to provide unbiased information or opinion.
CHANGES IN SHARE TRADING AND PRICE
Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur.
NO OFFER TO SELL OR BUY SECURITIES
This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security.
INFORMATION
Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position.
This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. No reliance should be placed on the price or statistics information and no responsibility or liability is accepted for any error or inaccuracy. Any statements made should not be taken as an endorsement of analyst views.
NO FINANCIAL ADVICE
The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual’s financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.
FORWARD LOOKING STATEMENTS
This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company’s actual results of operations. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company’s operations; the size and growth of the market for the company’s products and services; the company’s ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company’s business.
INDEMNIFICATION/RELEASE OF LIABILITY
By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions.
TERMS OF USE AND DISCLAIMER
By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here https://www.valuethemarkets.com/terms-conditions/ and acknowledge that you have reviewed the Disclaimer found here https://www.valuethemarkets.com/disclaimer/. If you do not agree to the Terms of Use, please contact valuethemarkets.com to discontinue receiving future communications.
INTELLECTUAL PROPERTY
All trademarks used in this communication are the property of their respective trademark holders. Other than valuethemarkets.com, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than valuethemarkets.com.
AUTHORS: VALUETHEMARKETS
valuethemarkets.com and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above. This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.
ValueTheMarkets do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of valuethemarkets.com, has been paid for the production of this piece by the company or companies mentioned above.
"explorer" - Google News
August 07, 2020 at 03:33AM
https://ift.tt/2C4s8Py
Gold Lion Resources: The explorer poised for major upside in North America's newest gold mining frontier - Value The Markets
"explorer" - Google News
https://ift.tt/2zIjLrm
Bagikan Berita Ini
0 Response to "Gold Lion Resources: The explorer poised for major upside in North America's newest gold mining frontier - Value The Markets"
Post a Comment