Lion Rock Resources (TSXV: ROAR) says South Dakota’s Volney deposit gives it access to two U.S. themes at once: domestic critical minerals and gold.
Initial assays from four of 15 holes in a 3,600-metre program late last year returned more than a lithium project after assays showed strong tin and tantalum intercepts beside high-grade spodumene and left 11 more holes to test the gold case.
Highlight results included 25.4 metres grading 0.8% lithium oxide (Li₂O) from 12.2 metres downhole, including 14.3 metres of 1.3% Li₂O. Another hole cut 28.3 metres of 0.1% tin from 22.2 metres.
“We’ve shown the metals are there in the first four holes,” Nav Dhaliwal, Lion Rock’s executive chair, told The Northern Miner video host Devan Murugan last month during the PDAC event in Toronto.
Volney sits on 1.42 sq. km of private land in South Dakota’s Black Hills, where Lion Rock can drill quickly on a 635-metre by 200-metre pegmatite. It has a 1.6-km shear-hosted gold trend in a district built by the historical Homestake mine’s 43.9 million oz. of gold production from 1876 to 2001.
Watch the full interview below:
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