Lion Rock Completes Phase 1 Drill Program at Volney Project, South Dakota
Original announcement by tmx on
- Company
- Lion Rock Resources Inc.
- Ticker
- ROAR
- Exchange
- TSX
- Region
- South Dakota
- Primary commodity
- Gold
- Secondary commodities
- Lithium, Tin, Tantalum
- Document categories
- Drill results, Other
- Extracted
- 2026-09-18 18:58:29 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lion Rock Resources has completed its Phase 1 exploration drill program at the Volney Project in South Dakota, totaling 3,600 metres across 15 holes. The program successfully intersected spodumene-bearing pegmatites and mineralized shear zones, though assay results are currently pending from SGS Denver.
Reasoning: The company completed its first modern drill program at the Volney Project, identifying spodumene and mineralized shear zones, but actual grades are not yet available.
Positive factors
- Completion of inaugural Phase 1 drill program
- Identification of spodumene-bearing pegmatites
- Multi-commodity potential (gold, lithium, tin, tantalum)
Negative factors
- No assay results reported in this release (assays pending)
Facts used in scoring: 1
Classification and evidence
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: While a QP is named, the specific assay protocols, blanks, or standards used for this specific program are not detailed in the text.
Evidence · text
“Assay results will be reported as they become available.”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The project is located in the historic Black Hills mining district near the historic Giant Volney, Rusty, and Rough & Ready mines.
Evidence · text
“including areas near the historic Giant Volney, Rusty, and Rough & Ready mines”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: A Qualified Person (Carl Ginn, P.Geo.) has reviewed and approved the technical content.
Evidence · text
“The technical content of this news release has been reviewed and approved by Carl Ginn, P.Geo., consultant to the Company and a Qualified Person pursuant to National Instrument 43-101.”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Drill Results (1)
VOL25-009VolneyView all detailsHide details
Identity
- Hole ID
- VOL25-009
- Project
- Volney
- Region
- south dakota
- Reported Region
- south dakota
- Ticker
- ROAR
Classification
- Program
- exploration
- Sample Type
- drill
Location
- Location
- Giant Volney and Rough & Ready mine areas
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-01-22T00:00:00.000Z
Reasoning: Visual identification of spodumene is a positive indicator for lithium mineralization, though grades are pending.
Positive factors
- Identification of spodumene-bearing pegmatite
Evidence · text
“Drillhole VOL25-009 intercepted two spodumene-bearing pegmatite zones from 48.3 to 76.9 m and from 103.5 to 120.3 m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.