Lion Copper and Gold Corp. (Lion CG) has entered into a definitive agreement with Houston Minerals Ltd regarding the proposed acquisition of a 100% interest in the Chaco Bear Property and the Ashton Property.
The properties are comprised of 19 mineral claims covering 80 km2, within what the company believes to be some of the most prospective areas of British Columbia (B.C.).
The Chaco Bear Property is located directly east of the Golden Triangle in Northern B.C., within the Stikine Terrane and hosted in similar rock formations as the Eskay Creek deposit – a precious metals volcanogenic massive sulfide (VMS) deposit in the Golden Triangle of B.C. that was in production from 1994 to 2008.
The Ashton Property is located near Lytton, B.C., within the Spences Bridge Group, a narrow, northwest-trending belt of early cretaceous volcanic rocks covering nearly 3200 km2 – from Princeton to Lillooet in B.C. – that are highly prospective for epithermal style gold mineralisation.
The company advises that it is in the midst of processing data obtained from the 2021 field exploration programs completed by Houston Minerals Ltd. on both the Chaco Bear and Ashton properties, with results to be made public in a future announcement.
Travis Naugle, Lion CG’s CEO, comments:
“We are pleased to have added these exciting properties to our exploration pipeline. We are intrigued by initial reports from the field exploration programs and look forward to being able to provide these results in the near future.”
Read the article online at: https://www.globalminingreview.com/mining/01022022/lion-copper-and-gold-acquires-two-bc-properties/