Lion Rock Drilling Update for High-Grade Gold-Lithium Project at Volney, South Dakota
MWN-AI** Summary
Lion Rock Resources Inc. (TSXV: ROAR) has announced significant progress with its inaugural drilling program at the Volney Project in South Dakota’s historic Black Hills mining district, known for its high-grade gold, lithium, and tin production. Following a successful financing round of $5.3 million in Q3 2025, Lion Rock is well-positioned to enhance its exploration endeavors.
The drilling campaign, which has completed approximately 2,400 meters across ten drillholes, has intersected promising sulphide-bearing shear zones, quartz veining, and altered rocks, aligning well with previous surface sampling that recorded assays up to 14.0 g/t Au. Notably, drillhole VOL25-009 revealed two spodumene-bearing pegmatite intervals, crucial for lithium extraction, aligning with earlier surface findings of up to 3.6% Li2O.
Lion Rock's President and CEO, Dale Ginn, expressed optimism about the geological characteristics observed in the core samples. He highlighted multiple intersections of sulphide mineralization and spodumene, underscoring the potential for significant high-grade lithium deposits. Assay results from these drillholes are anticipated soon, further illuminating the project’s prospects.
The Volney Project is strategically situated in a mining-friendly area, with the Giant Volney pegmatite remaining largely untested, representing an enticing opportunity for further discoveries. As modern exploration continues to draw interest in the Black Hills, Lion Rock aims to leverage its comprehensive and well-funded drilling program to establish the Volney Project as a key player in the gold and lithium sectors.
The ongoing geological investigations signify a positive trajectory for Lion Rock, with expectations for future assay results to validate the potential of this high-grade project.
MWN-AI** Analysis
Lion Rock Resources Inc. (TSXV: ROAR) has made significant strides with its recent drilling update from its Volney Project in South Dakota, reaffirming the potential of this historically rich mining area. The Company’s inaugural drill program has completed approximately 2,400 meters across ten drillholes, with encouraging results for both gold and lithium mineralization.
The intersection of sulphide-bearing shear intervals and quartz veining, along with notable gold grades from previous surface sampling (up to 14.0 g/t Au), indicates robust gold mineralization in the area. Moreover, the detection of spodumene-bearing pegmatite reinforces the project's lithium potential, especially given the high-grade lithium oxide figures (up to 3.6% Li2O) from surface samples. These findings align well with the current global push for lithium, driven by the demands of electric vehicle production and renewable energy technologies.
As Lion Rock moves forward, the completion of a $5.3 million financing in Q3 2025 positions it well to sustain its multi-phase drilling program. Investors should keep a close eye on the pending assay results, as strong findings could catalyze a significant rally in the stock price. The successful targeting of both gold and lithium not only diversifies the Company’s asset base but also aligns it with global trends favoring sustainable minerals.
Given the ongoing exploration and the potential for further high-grade results, Lion Rock Resources could represent a compelling investment opportunity. However, investors should remain cognizant of the inherent risks associated with mineral exploration, including market volatility, regulatory challenges, and operational uncertainties. Monitoring upcoming assay results will be crucial to gauge the project's true potential and inform investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Lion Rock Resources Inc. (TSXV: ROAR) (FSE: KGB) (OTCQB: LRRIF) (the "Company") is pleased to provide an update on its inaugural drill program at Volney in the historic Black Hills mining district of South Dakota, USA. Volney has historically produced high-grade gold, lithium, and tin.
Following the completion of a $5.3 million financing in Q3 2025, Lion Rock is well funded to advance its multi-phase exploration and drilling program at the Volney Project (see Lion Rock news release dated September 15, 2025).
News Highlights
- Mineralized and Altered Shear Zones Successfully Intersected: Drilling has encountered sulphide-bearing shear intervals with associated quartz veining and silicification hosted in altered rocks. Of note, drill core displays similar characteristics to mapping and surface sampling, where grab samples returned up to 14.0 g/t Au (see Lion Rock news release dated May 28, 2025).
- Spodumene-bearing Pegmatite Intersected: Spodumene has been identified in multiple pegmatite intercepts in the Giant Volney and Rough & Ready mine areas. Drillhole VOL25-009 intercepted two spodumene-bearing pegmatite zones from 48.3 to 76.9 m and from 103.5 to 120.3 m (Figure 2). Of note, these pegmatites occur near areas of previous surface sampling that returned up to 3.6% Li2O and are consistent with mapped pegmatite system in the Volney target area (see Lion Rock news release dated May 13, 2025).
- Ten Drillholes Completed - 2,400 m drilled: The Company has completed approximately 2,400 m across ten drillholes targeting both interpreted gold-bearing horizons and lithium-bearing pegmatites near the historic Giant Volney Mine, Rusty Mine, and Rough & Ready mine areas (Figure 1). Of the holes completed to date, six have targeted lithium-bearing pegmatites and four have targeted gold-bearing structures (Table 1). This represents the first modern drill testing along the Volney trend.
- Assays Pending: Core from the completed drillholes is currently being logged and sampled, and shipments to SGS in Denver have begun for analysis. Assay results will be reported as they become available.
Dale Ginn, President and CEO of Lion Rock, stated, "The Volney drill program is proceeding at a strong, steady pace and we are highly encouraged by the geological features observed to date in the drill core. While assays are pending, I can state that we have multiple holes intersecting sulphide mineralization, shearing, veining and strong alteration in the areas we projected, based on high-grade gold mineralization documented at surface.
"Likewise, all six drillholes targeting pegmatites have encountered spodumene-bearing zones, which have the potential to host high-grade lithium. Drilling is ongoing and we look forward to sharing a significant number of assays in the coming weeks."
Figure 1. Plan map showing completed drillholes as part of the ongoing drill program at the Volney Project, South Dakota.
To view an enhanced version of this graphic, please visit:
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Figure 2. Cross section looking northwest of drillhole VOL25-009 showing projected spodumene pegmatite with surface mapping and sampling.
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Table 1. Drilling Completed to Date
| Hole Number | Target | Northing (m) | Easting (m) | Elevation (m) | Azimuth | Dip | Length (m) |
| VOL25-001 | Gold | 4914064 | 575579 | 1787 | 60 | -45 | 402 |
| VOL25-002 | Gold | 4914024 | 575714 | 1810 | 50 | -45 | 312 |
| VOL25-003 | Gold | 4914024 | 575715 | 1810 | 80 | -45 | 153 |
| VOL25-004 | Lithium | 4914142 | 575732 | 1818 | 60 | -50 | 141 |
| VOL25-005 | Lithium | 4914142 | 575732 | 1818 | 75 | -50 | 19 |
| VOL25-006 | Gold | 4914141 | 575728 | 1818 | 240 | -45 | 363 |
| VOL25-007 | Lithium | 4914107 | 575755 | 1819 | 60 | -45 | 240 |
| VOL25-008 | Lithium | 4914202 | 575714 | 1818 | 60 | -45 | 258 |
| VOL25-009 | Lithium | 4914295 | 575628 | 1828 | 30 | -45 | 270 |
| VOL25-010 | Lithium | 4914295 | 575628 | 1828 | 60 | -45 | 240 |
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.
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https://images.newsfilecorp.com/files/8985/276543_6a061196442728d2_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/276543
FAQ**
How does Lion Rock Resources Inc's progress at the Volney Project, highlighted in the recent news release, impact its market position within the resource sector in Vancouver, British Columbia?
Given the focus on lithium production in Canada, how could the findings from Lion Rock Resources Inc - Class A LRRIF's Volney drill program affect local mining policies in British Columbia?
What potential economic benefits could arise for Vancouver from the successful development of Lion Rock Resources Inc - Class A LRRIF's Volney Project, particularly in terms of job creation and investment?
How might the geological characteristics identified in the Volney Project influence investor sentiment towards Lion Rock Resources Inc - Class A LRRIF in the Vancouver market?
**MWN-AI FAQ is based on asking OpenAI questions about Lion Rock Resources Inc - Class A (OTC: LRRIF).
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