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Lion Rock Resources ( (TSE:ROAR) ) has issued an announcement.
Lion Rock Resources has reported initial results from its maiden Phase 1 drill program at the Volney Project’s Giant Volney target in South Dakota, confirming significant near-surface lithium intercepts within pegmatite, alongside tin and tantalum mineralization. Early assays from four of 15 drill holes show multiple lithium-bearing intervals with supporting multi-element enrichment, while additional lithium and gold results from the remaining holes are still pending.
The drilling has also identified elevated levels of gallium, rubidium and cesium, reinforcing the interpretation of a highly fractionated LCT pegmatite system and a zoned, multi-commodity critical mineral profile at Volney. With similar pegmatites intersected more than 250 metres north and several lithium-bearing outcrops yet to be drilled, the results highlight the project’s district-scale potential and strategic importance as a domestic U.S. source of seven listed critical minerals, with implications for investors focused on battery and technology metal supply security.
More about Lion Rock Resources
Lion Rock Resources Inc. is a Vancouver-based mineral exploration company focused on critical metals, including lithium, tin, tantalum and associated elements. The company’s key asset is the Volney Project in South Dakota’s historic Black Hills mining district, where it is targeting lithium–cesium–tantalum (LCT) pegmatite systems to support North American critical mineral supply chains.
Average Trading Volume: 163,886
Technical Sentiment Signal: Hold
Current Market Cap: C$43.16M
See more insights into ROAR stock on TipRanks’ Stock Analysis page.
