Northwire Canada EditionThursday, November 12, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Lion Rock completes phase 1 drilling at Volney

By The Northwire Desk — AI Analysis Jan 22, 2026 · 16:37 ROAR · 0.53 Lion Rock Resources Inc.
ROAR · Price

Executive Summary

  • Lion Rock Resources Inc. has completed Phase 1 of its exploration drill program at the Volney Project in South Dakota, consisting of 15 drill holes totaling approximately 3,600 meters.
  • The program successfully intersected multiple mineralized and altered shear zones with gold potential, as well as spodumene-bearing pegmatites targeting lithium and tantalum.
  • Core processing is complete and samples have been shipped to SGS for assay; results are expected in the coming days and weeks, which will inform the planning of an expanded Phase 2 drill program.

Key Details

  • Drilling Summary: Phase 1 is complete with 15 drill holes totaling ~3,600 meters of diamond drilling.
  • Target Breakdown:
    • 5 holes targeted lithium-bearing pegmatites.
    • 5 holes targeted gold-bearing structures.
    • 5 holes targeted both lithium and gold mineralization.
  • Gold Intersections: Drilling encountered multiple sulphide-bearing shear intervals with quartz veining and silicification in altered mafic volcanics and metasedimentary rocks. These characteristics match surface grab samples that returned up to 14.0 g/t Au.
  • Lithium/Tantalum Intersections: Spodumene-bearing pegmatites were identified in multiple intercepts.
    • Hole VOL25-009: Intercepted two spodumene-bearing pegmatite zones:
      • 48.3 m to 76.9 m
      • 103.5 m to 120.3 m
    • These zones are near areas of previous surface sampling returning up to 3.6% Li2O.
    • Cassiterite and tantalite were also observed in drill core.
  • Status: Core processing and sampling for final holes are complete; samples are at SGS in Denver, Colo. Assay results are pending.

Notable Quotes

  • "The successful completion of phase 1 represents an important milestone for the Volney project. This inaugural program has efficiently tested a combination of gold-bearing structures and lithium-bearing pegmatites, highlighting Volney's potential as a multicommodity system with relevance to both precious metals and critical minerals." — Dale Ginn, President and CEO
Read the original news release →

More from Lion Rock Resources Inc.

Oct 27, 2026 · 07:21

Lion Rock’s Volney project secured a state mining license, clearing the path for bulk sampling operations scheduled to begin in 2027.

Production / Operations Aug 27, 2026 · 07:21

Lion Rock advances Phase 2 drilling at its Volney project to extend the critical mineral footprint.

Drill Results Jun 22, 2026 · 07:21

Lion Rock secured local permits for its Volney critical minerals project to support the us supply chain despite a tight cash runway.

Regulatory Jun 17, 2026 · 07:21

Lion Rock Receives Conditional Use Mining Permit for Volney Critical Minerals Project, South Dakota

Other Jun 09, 2026 · 07:21

Lion Rock advances Volney metallurgy with phase 2 drilling and a capital raise looming over tight liquidity.

Technical Study May 05, 2026 · 07:21

Volney System Confirmed as Stock Slips on Dilution Fears

Drill Results