Vancouver, British Columbia – October 14, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Gold Lion Sources Inc. (CSE: GL) (OTC Pink: GLIOF) (FSE: 2BC) (“Gold Lion” or the “Firm”) is happy to announce that it has accomplished a mixed aeromagnetic, VLF- electromagnetic and radiometric survey over all 4 declare teams comprising its Nickel Plate challenge in northeastern Saskatchewan (the “Property”). MPX Geophysics Ltd. (“MPX”) flew the two,528 km survey utilizing a Piper Navajo PA31 plane. The survey included 2,295 km flown at 100 metre line spacing and 273 km of orthogonal tie traces at 1,000 metre spacing over the Breynat, Father Lake, Twin Lakes and Nickel Plate declare teams.
The airborne survey covers roughly 40 nickel-copper occurrences which have been found by earlier employees and are situated inside the 4 declare teams. These occurrences embody the “Laura exhibiting” with as much as 4615 ppm nickel and 2801 ppm copper detected in a 2008 seize pattern which was collected by earlier employees. This exhibiting was discovered due to airborne surveys accomplished by earlier employees. Gold Lion expects to generate extra drilling targets from the brand new airborne survey and intends to make the most of the survey to plan a follow-up exploration program.
The 4 declare teams of the Nickel Plate challenge comprise 21 mineral claims masking 21,369 hectares situated in northeastern Saskatchewan the place different companies together with Kobold Metals Inc. and Religion in Gravity Holdings Inc. have been exploring for nickel, cobalt, copper and different strategic metals. Gold Lion holds the choice to earn a 100% proper, title, and curiosity in and to the Property, topic to a 2% NSR royalty retained by the optionors.
Commented Man Bourgeois, CEO of Gold Lion, “Gold Lion may be very happy with the sector work and outcomes from this system carried out by MPX on our portfolio of properties in Saskatchewan. It provides Gold Lion a wonderful base to maneuver ahead and we are going to present the outcomes of the survey as quickly as they grow to be accessible.”
About Gold Lion Sources Inc.
Gold Lion Sources Inc. is a quickly rising, Canada-based mineral exploration firm actively concerned within the exploration of battery and valuable metals with operations within the Kingdom of Morocco and portfolios that embody Black Lake, Cuteye and Fairview Properties situated in British Columbia, Saskatchewan and Idaho, USA. For extra data please go to: https://goldlionresources.com/.
ON BEHALF OF THE BOARD OF DIRECTORS
Man Bourgeois, CEO
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Qualifying Statements: Mike Taylor P. Geo, a certified particular person as outlined by Nationwide Instrument 43-101, approves the technical data contained on this information launch.
This information launch comprises “forward-looking data” inside the which means of relevant Canadian securities laws. Typically, however not all the time, forward-looking data and data may be recognized by means of phrases corresponding to “plans”, “expects” or “doesn’t anticipate”, “is anticipated”, “estimates”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “may”, “would”, “may” or “will” be taken, happen or be achieved. Ahead-looking data on this information launch consists of statements concerning: o mineral sources, the Firm’s plans with respect to the exploration and growth of its properties, the timing of money funds, share issuance and expenditure necessities. The forward-looking data displays administration’s present expectations based mostly on data at present accessible and are topic to numerous dangers and uncertainties that will trigger outcomes to vary materially from these mentioned within the forward-looking data. Such threat elements could embody, amongst others, that basic enterprise and financial situations is not going to change and dangers related to mineral exploration. Though the Firm believes that the assumptions and elements utilized in getting ready the forward-looking data are cheap, undue reliance shouldn’t be positioned on such data and no assurance may be provided that such occasions will happen within the disclosed time frames or in any respect. Components that might trigger precise outcomes or occasions to vary materially from present expectations embody: (i) adversarial market situations; and (ii) different elements past the management of the Firm. New threat elements emerge now and again, and it’s unattainable for the Firm’s administration to foretell all threat elements, nor can the Firm assess the impression of all elements on Firm’s enterprise or the extent to which any issue, or mixture of things, could trigger precise outcomes to vary from these contained in any forward-looking data. The forward-looking data included on this information launch are made as of the date of this information launch and the Firm expressly disclaims any intention or obligation to replace or revise any forward-looking data whether or not because of new data, future occasions or in any other case, besides as required by relevant legislation. Extra data figuring out dangers and uncertainties that might have an effect on monetary outcomes is contained within the Firm’s filings with Canadian securities regulators, which can be found at www.sedar.com.
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