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Lion Rock Resources ( (TSE:ROAR) ) has provided an update.
Lion Rock Resources has commenced its inaugural drilling program at the Volney Project in South Dakota’s Black Hills, a historically significant mining district. The project aims to explore multiple gold and lithium targets identified through previous studies, with the potential for significant multi-commodity discoveries. The company is in a strong financial position following a $5.3 million financing, enabling comprehensive testing of high-priority targets. The recent approval of drill permits and new geological data further support the project’s advancement, positioning Lion Rock to potentially enhance its industry standing and stakeholder value.
More about Lion Rock Resources
Lion Rock Resources Inc. operates in the mining industry, focusing on the exploration and development of multi-commodity projects, primarily gold, lithium, and tin. The company is engaged in projects located in historically rich mining regions such as South Dakota’s Black Hills, known for significant gold production.
Average Trading Volume: 187,824
Technical Sentiment Signal: Buy
Current Market Cap: C$36.09M
Learn more about ROAR stock on TipRanks’ Stock Analysis page.