12:02 PM EDT, 09/09/2024 (MT Newswires) -- Lion Copper and Gold ( LCGMF ) on Monday released assay results from its 2024 exploration drilling program at the Yerington and MacArthur properties, part of its Yerington Copper Project in Nevada.

The drill program was completed with funds provided by Nuton, a Rio Tinto (RIO) venture.

The four angle drill holes at the Yerington Pit discovered an extension of the mineralized footprint compared to what was presented in the PEA. The mineralized extent at the Yerington Pit remains open to the north and at depth.

Drilling intercepted oxide and transition mineralized zones in 14 of the 18 drilled reverse circulation drill holes

"The recent drilling and additional historical drill logs increase our confidence in the mineral resource estimates at both Yerington and MacArthur sufficient to make additional drilling, including expensive barge drilling, unnecessary. This has the potential to both upgrade and increase the current mineral resources at the Yerington Copper Project toward the completion of our PFS," said chief executive Steven Dischler.

Lion Copper was last seen down $0.005 to $0.08, on the TSX Venture Exchange.

Price: 0.08, Change: -0.01, Percent Change: -5.88