Trenching Of New Carlin-Type Oxidized Gold Discovery At Robber Gulch

VANCOUVER - Gold Lion Resources Inc. reported a new Carlin-type oxidized gold discovery on its Robber Gulch Property located near Burley, Idaho. Trench RG-TR-20-03 intersected a broad interval of disseminated oxidized gold mineralization situated along a height of land within the project’s Raider Zone gold-in-soil anomaly. The discovery trench, which remains open in multiple directions, intersected 0.45g/t Au over 174m, including a sub-interval of 0.51g/t Au over 138, and further sub-intervals of 0.88g/t Au over 45m, and 1.16g/t Au over 18m. The samples were collected as representative, even and continuous 2 to 3-meter-long chip samples, along the entire length of the trench, to exclude any potential sampling bias.

The new discovery is characterized by silicified and quartz stockwork veined calcareous sandstones and siltstones of the Pennsylvanian Oquirrh Formation with strong iron oxide mineralization underlying a very thin (<1m) cover of soil overburden along a saddle-like topographic ridge. The mineralized zone has been intersected within two cross-trenches (RG-TR-20-02 and RG-TR-20-03) and remains open to the north and south, where it trends underneath thin post-mineral flood basalt cover. Several additional trenches have been planned along strike to the south, as trenching on the Property has proven to be a highly cost-effective means of sampling and attaining excellent structural and stratigraphic information for further targeting.

Highlights: New Carlin-type oxidized gold discovery situated at a height of land on road-accessible BLM land, located close to excellent infrastructure within the mining-friendly State of Idaho; Similar geology to Liberty Gold Corp.’s nearby Black Pine oxide gold project (Pennsylvanian Oquirrh Formation); Trench RG-TR-20-03 intersected 0.45g/t Au over 174m, including 45 meters of 0.88 g/t Au in calcareous sandstones and siltstones of the Oquirrh Formation; Representative cyanide-soluble assays from the highlight interval returned a weighted average of 90% of fire assay, attesting to the thoroughly oxidized nature of gold mineralization on the Property; Gold values from previous mapping and select surface grab samples suggest an increase in grade to the south of RG-TR-20-03, onto US Forest Service (USFS) ground; Categorical Exclusion application for the first ever trenching and drill collaring on the USFS portion of the Property has been submitted, to test better mineralized surface showings on trend to the south; and Maiden RC drill program in progress on BLM land. Entire first hole (RG-RC-20-01) has been submitted for geochemical analysis, with assays pending.

Chris Paul, Exploration Manager, said, “The new Raider Zone trench discovery represents a major milestone in the exploration and development at Robber Gulch. The results from trenches RG-TR-20-02 and RG-TR-20-03 have far exceeded any previously reported historic grades and widths on the Property. Broad intervals of intense alteration, quartz stockwork and limonite mineralization indicate the presence of a significant Carlin-type system on the Property. Despite being located at a height of land, with a strong gold-in-soil anomaly and minimal overburden cover, the Raider Zone had eluded discovery by historic operators, which were focused on jasperoid altered outcrops elsewhere on the Property. The Raider Zone anomaly remains open both to the north and south, where it trends beneath relatively thin post-mineral flood basalts. The tenor of the Raider Zone gold-in-soil anomaly also increases to the south, into never-before trenched or drill-tested ground, managed by the US Forest Service. Outcrop grab samples of up to 6.49g/t gold have been collected by the Company along this southern extension. We are very excited to continue testing the Raider Zone along strike, both on BLM and Forest Service ground once permits are received from the USFS.”