Lion Rock Resources Commences Drilling at Volney Project, South Dakota
Lion Rock Resources (OTCQB: LRRIF) has commenced its inaugural drill program at the Volney Project in the Black Hills, South Dakota, after completing a $5.3 million financing in Q3 2025. The multi-phase campaign will test multiple gold and lithium targets across a structurally controlled gold and LCT pegmatite system defined over a 1,000 m strike.
Key field results include chip samples up to 14.0 g/t Au, float to 189.5 g/t Au, outcrop lithium up to 3.7% Li2O, historic stockpiles averaging 3.8% Li2O and a peak of 5.3% Li2O. New exMAG drone and 3D inversion data and a DANR permit support multi-commodity targeting.
Lion Rock Resources (OTCQB: LRRIF) ha avviato il suo primo programma di trivellazione presso il Volney Project nelle Black Hills, South Dakota, dopo aver completato un finanziamento di 5,3 milioni di dollari nel terzo trimestre del 2025. La campagna multi-fase testerà molteplici obiettivi di oro e litio attraverso un sistema di oro strutturalmente controllato e pegmatiti LCT definito su una giacitura di 1.000 m.
Risultati chiave sul campo includono campioni per chip fino a 14,0 g/t Au, materiale float fino a 189,5 g/t Au, litio in roccia esposta fino a 3,7% Li2O, giacenze storiche medie 3,8% Li2O e una punta di 5,3% Li2O. Nuovi dati exMAG da drone e inversione 3D e un permesso DANR supportano obiettivi multi-commodità.
Lion Rock Resources (OTCQB: LRRIF) ha iniciado su programa de perforación inaugural en el Volney Project en las Black Hills, Dakota del Sur, tras completar una financiación de 5,3 millones de dólares en el tercer trimestre de 2025. La campaña de varias fases probará múltiples objetivos de oro y litio a través de un sistema de oro estructuralmente controlado y de pegmatitas LCT definido sobre una cordillera de 1.000 m.
Los resultados clave de campo incluyen muestras por chip de hasta 14,0 g/t Au, material flotante de hasta 189,5 g/t Au, litio en afloramientos de hasta 3,7% Li2O, pilas históricas con un promedio de 3,8% Li2O y un pico de 5,3% Li2O. Nuevos datos exMAG de drone y de inversión 3D y un permiso DANR respaldan objetivos multi-commodidad.
Lion Rock Resources (OTCQB: LRRIF) 는 Volney Project를 남다코타의 Black Hills에서 첫 드릴 프로그램을 시작했으며, 2025년 3분기에 5.3백만 달러의 자금 조달을 완료했습니다. 다단계 캠페인은 1,000 m의 스트라이크로 정의된 구조적으로 제어된 금 시스템과 LCT 페그마타이트 시스템 전역의 여러 금 및 리튬 타깃을 시험합니다.
핵심 현장 결과로는 칩 샘플이 14.0 g/t Au까지, 플로트가 189.5 g/t Au까지, 노출된 광석에서 리튬이 3.7% Li2O까지, 과거 저장고의 평균이 3.8% Li2O, 피크는 5.3% Li2O를 기록했습니다. 새로운 exMAG 드론 및 3D 반전 데이터와 DANR 허가가 다중 광물 표적화를 지원합니다.
Lion Rock Resources (OTCQB: LRRIF) a lancé son programme de forage inaugural sur le Volney Project dans les Black Hills, Dakota du Sud, après avoir finalisé un financement de 5,3 millions de dollars au T3 2025. La campagne en plusieurs phases testera plusieurs cibles d'or et de lithium à travers un système d'or structuré contrôlé et de pegmatites LCT défini sur une longueur de 1 000 m.
Les résultats de terrain clés incluent des échantillons en éclats allant jusqu'à 14,0 g/t Au, des fractions flottantes jusqu'à 189,5 g/t Au, du lithium à la surface jusqu'à 3,7% Li2O, des stocks historiques en moyenne 3,8% Li2O et un pic de 5,3% Li2O. De nouvelles données exMAG drone et une inversion 3D, ainsi qu'un permis DANR, soutiennent le ciblage multi‑métaux.
Lion Rock Resources (OTCQB: LRRIF) hat sein erstes Bohrprogramm am Volney Project in den Black Hills, South Dakota, nach der Fusion 5,3 Millionen USD in Q3 2025 begonnen. Die mehrstufige Kampagne wird mehrere Gold- und Lithiumziele durch ein strukturell kontrolliertes Gold- und LCT-Pegmatit-System testen, das über eine 1.000 m lange Strike definiert ist.
Wichtige Felddaten umfassen Chipproben bis zu 14,0 g/t Au, Float bis 189,5 g/t Au, anstehendes Lithium bis 3,7% Li2O, historische Vorräte mit durchschnittlich 3,8% Li2O und einen Spitzenwert von 5,3% Li2O. Neue exMAG-Drohnen- und 3D-Inversionsdaten sowie eine DANR-Genehmigung unterstützen Multi-Commodity-Targeting.
Lion Rock Resources (OTCQB: LRRIF) قد بدأت برنامج الحفر الأول لها في مشروع Volney Project في Black Hills بولاية ساوث داكوتا، بعد إتمام تمويل قدره 5.3 مليون دولار في الربع الثالث من 2025. ستختبر الحملة متعددة المراحل عدة أهداف من الذهب والليثيوم عبر نظام ذهب مُتحكم منطقيًا وبيرمتاتيت LCT مُعرّف على خط عرض يمتد بحوالي 1,000 م.
تشمل النتائج الميدانية الرئيسية عينات الشريحة حتى 14,0 g/t Au، المواد العائمة حتى 189,5 g/t Au، الليثيوم من السطح حتى 3.7% Li2O، المخزّرات التاريخية بمتوسط 3.8% Li2O وبأقصى حد 5.3% Li2O. تدعم بيانات exMAG من طائرة بدون طيار ونهاية 3D ودَفْعُ DANR التوجيه المتعدد السلع.
- $5.3M financing closed in Q3 2025, fully funding initial drilling
- Surface gold samples to 14.0 g/t Au and float to 189.5 g/t Au
- Lithium outcrop assays to 3.7% Li2O and historic stockpiles avg 3.8% Li2O
- DANR permit approved to test multiple targets along strike and at depth
- Project at exploration stage with inaugural drill program (no prior modern subsurface test)
- No mineral resource or reserve reported yet to define economic potential
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2025) - Lion Rock Resources Inc. (TSXV: ROAR) (FSE: KGB) (OTCQB: LRRIF) ("Lion Rock" or the "Company") is pleased to announce that it has begun the inaugural drill program on the Volney Project, located in the historic Black Hills mining district of South Dakota, USA.
Following the completion of a
News Highlights
- Drilling Underway: The program is designed to test multiple gold and lithium targets identified through historic drilling, surface sampling, and recent fieldwork. This marks the first modern drill testing of the Volney trend, a structurally controlled gold and LCT pegmatite system defined over a 1,000 m strike length (Figures 1 and 2).
- High-grade Gold with Expansion Potential Along Strike: Surface sampling has outlined several gold-bearing zones, including a shear trend where chip samples returned up to 14.0 g/t Au, and float samples up to 189.5 g/t Au (see Lion Rock news release dated May 28, 2025). The Volney trend demonstrates exceptional expansion potential across underexplored structural corridors.
- Lithium and Tin Provide Multi-Commodity Opportunity: Sampling across a 1,000 m by 500 m corridor confirmed multiple high-grade lithium-bearing pegmatites. Outcrop samples returned up to
3.7% Li2O, while historic stockpiles averaged3.8% Li2O, with a peak value of5.3% Li2O. Tin assays exceeded1.0% Sn in thirteen stockpile samples, underscoring strong by-product potential within the Giant Volney pegmatite and associated pegmatite units (see Lion Rock news release dated May 13, 2025).
- New Magnetic and 3D Inversion Data Strengthen Geological Model: The Company's exMAG drone survey and 3D inversion identified a large, consistent magnetic high coinciding with gold mineralization along the Rusty Shaft shear corridor, and magnetic lows correlated with lithium-bearing pegmatites. These results reinforce the presence of a deep-seated mineralized system spanning more than 1,000 m (see Lion Rock news release dated August 11, 2025).
- Drill Permitting Supports Multi-Commodity Targeting: The South Dakota Department of Agriculture and Natural Resources (DANR) has approved a strategic permit area that positions Lion Rock to efficiently advance multiple high-priority gold, lithium, and tin targets across the Volney Project. The approved sites enable comprehensive testing along strike and at depth.
Dale Ginn, President and CEO of Lion Rock, stated, "We're very excited to begin drilling at Volney, following an exceptional year of groundwork that defined strong gold and lithium systems across the project. The new magnetic data and recent surface results have given us a clear picture of where to focus initial drilling. This is the first modern subsurface testing of the Volney trend, and we believe it has the potential to outline a significant multi-commodity discovery."
Figure 1. Volney Project map highlighting recent high-grade sampling results and priority drill target areas for the upcoming campaign.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8985/272845_597a2a67b4d6bb84_001full.jpg
Figure 2. General cross-section at the Rusty Gold target and Volney Lithium target area, showing recent sampling results and priority drill targets with 3D magnetic inversion.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8985/272845_597a2a67b4d6bb84_002full.jpg
About the Volney Project
The Volney property is a multi-commodity project strategically located in South Dakota's Black Hills, a historically rich and active mining region (Figure 3). The Homestake Mine in the Black Hills produced more than 40 million ounces of gold, making it one of the most significant gold producers in North American history.1 The Volney Project is home to the Giant Volney pegmatite, a 635 m long LCT (Lithium-Cesium-Tantalum) pegmatite which remains untested at depth. The district continues to attract modern exploration efforts, with companies such as Dakota Gold Corp. actively advancing projects within the Black Hills. The project is accessible year-round and consists of private claims with surface and mineral rights, which facilitates rapid permitting and project advancement.
Figure 3. Volney Project regional map in the Black Hills, South Dakota.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8985/272845_597a2a67b4d6bb84_003full.jpg
The technical content of this news release has been reviewed and approved by Carl Ginn, P.Geo., consultant to the Company and a Qualified Person pursuant to National Instrument 43-101.
About Lion Rock Resources Inc.
Lion Rock Resources Inc. is a Canadian mineral exploration company committed to advancing high-grade gold and lithium projects across North America. The Company's flagship asset, the Volney Project, is located in South Dakota's Black Hills, a mining-friendly jurisdiction surrounded by active gold operations. The Company is led by an award-winning team with a proven track record of mineral discoveries, project development, and financing.
On Behalf of the Board
R. Dale Ginn, President & Chief Executive Officer
O: 604-678-5308
E: dale@rsdcapital.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "potential", "indicative" and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Such forward-looking information is based on the current expectations of management of the Company. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties, including without limitation risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. In making the forward-looking statements in this press release, the Company has applied several material assumptions. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
1 James Norton, 1974, Gold in the Black Hills, South Dakota, and how new deposits might be found, USGS Publications Warehouse
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272845
FAQ
What did Lion Rock (LRRIF) announce on November 3, 2025 about Volney drilling?
What high-grade gold results support Lion Rock's Volney drill targets (LRRIF)?
What lithium assay results did Lion Rock report for Volney (LRRIF)?
Does Lion Rock have permits to drill Volney (LRRIF) and what do they allow?
How does new geophysical data affect Lion Rock's Volney targeting (LRRIF)?
What is the near-term objective of Lion Rock's Volney drill campaign (LRRIF)?
