The Vancouver-headquartered explorer has seen its share price more than double since the end of March, and its market cap is now greater than C$14 million. This impressive run has been accompanied by a major spike in trading volume, from tens of thousands in March and April to hundreds of thousands in June, July and August and onward.
And as we head into the tail-end of 2020, there’s no winter slump on the cards for this company. In fact, investor interest remains high as the Company’s Idaho assets can be explored year around.
And, much more momentum could be on the way.
1) FIRST MOVER-POSITION
Gold Lion has a strong, first-mover position in Idaho
Idaho is renowned the world over as a leading producer of silver, lead, and copper. However, its roots lie in gold, with millions of ounces of the yellow metal mined at surface through the late 18th and early 19th centuries.
After mining was shuttered during WWII, gold exploration and production in the state fell by the wayside. Over recent decades, in particular, mining companies from explorers to producers have been laser-focused on neighbouring Nevada.
However, this is now changing.
Company’s like Endomines, Revival Gold, Integra Gold, and Midas Gold are all flocking to Idaho to assess its gold potential for the very first time. And Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) has quickly established a powerful position alongside these players.
Idaho is positioned perfectly for a second gold rush. Its legislation is heavily pro-mining, and recent updates to mining laws give new explorers even greater protection. Meanwhile, its existing mining industry means infrastructure is already abundant, and a vast ready-made workforce is in place.
The state has even forged its way into the world’s top ten most exciting mining locations for investment, according to the prestigious Fraser Institute’s 2019 rankings.
This is what makes Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) and its base of top-tier projects so exciting. If the explorer can prove up discoveries in Idaho, it will ride the crest of a wave that could see its share price move higher.
2) BALANCE SHEET
A debt-free, cashed-up balance sheet will fund drilling across three exciting projects
Most notably, this will fully-fund the explorer to drill all three of its Idaho assets over the next 12 months.
Because the company has no debt, it is free to put the overwhelming bulk of its newly raised capital into the ground with the hopes of making a major gold discoverys. No loans leaching vital resources money away, just a pure focus on creating shareholder value.
3) ROBBER GULCH PROJECT
Gold Lion’s Robber Gulch project presents a unique Carlin-type gold opportunity
Gold Lion’s (CSE:GL | FWB:2BC | OTC:GLIOF) drilling will initially focus on its Robber Gulch project, where it expects to start drilling the later half of 2020. The property lies in a near-totally underexplored district of southern Idaho along the northern extent of the prolific Carlin trend.
This point is critical.
Carlin-style deposits have been the core driver behind Nevada’s position as the number one US metals and minerals producer of the past 30 years. But despite the trend producing some of North America’s greatest gold deposits, its geological extension into Idaho has been greatly overlooked.
At Robber Gulch, the explorer has already found two geochemical anomalies typical of carlin-type gold systems, with coincident surface gold grab samples grading up to 6.49g/t gold.
For an idea of what success could look like, take a look at Liberty Gold.
With its flagship Carlin-type Black Pine project, Liberty Gold was the first to prove that the trend’s potential exists in the state of Idaho. Shareholders have been rewarded handsomely, with the company’s market cap booming to half a billion dollars in the last six months.
With Robber Gulch sitting near Black Pines and within the very same host rocks, the potential of this Property is compelling.
4) PRESENTING HUGE OPPORTUNITIES
Erickson Ridge and South Orogrande present two more potentially huge opportunities for Gold Lion
These two opportunities sit atop a vast, under-explored geological region called the Orogrande Shear Zone. This produced more than one million ounces of gold during Idaho’s first gold rush. However, as with much of Idaho, the search for the yellow metal largely stopped decades ago.
It is Endomines AB that has now set the pace of modern-day exploration. The Swedish gold company’s Friday Mine recently achieved commercial production.
ON THE GROUND AT OROGRANDE SHEAR ZONE
5) AMPLIFYING POTENTIAL
Gold Lion’s potential is amplified by ideal gold market conditions
M&A activity is growing as large multinational companies look to top up their reserves with strong projects in stable jurisdictions. Meanwhile, retail and institutional interest in new gold discoveries is soaring as Covid-19 continues to cripple economies worldwide, and the rush to safe-haven assets continues.
All of this is also underlined by a rampant gold bull market that is seeing prices continue to circle the $2,000 per ounce mark.
Major fund houses like Fidelity think gold will continue to rise if interest rates stay at historic lows, as well. With the US Federal Reserve bank just announcing that interest rates will be held near zero until at least 2023, this is looking increasingly likely.
M&A appetite, investor interest, and rising gold prices provide the perfect backdrop for Gold Lion (CSE:GL | FWB:2BC | OTC:GLIOF) as it progresses Robber Gulch, Erickson Ridge, and South Orogrande towards drilling.
PRIMED FOR A RE-RATE?
Gold Lion Resources – primed for a swift re-rate?
Three potentially transformative gold projects in an overlooked but increasingly attractive jurisdiction, with no debt and cash to get into the ground fully-funded? That’s already highly attractive. Doing it at a time when the gold market is soaring? Even better.
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