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Lion Rock Resources

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Lion Rock Resources (TSXV: ROAR) is advancing the Volney Project—a high-grade gold and critical minerals exploration asset on private land in the Black Hills of South Dakota.

Investor website: https://www.lionrockresources.com/

About

Lion Rock Resources (TSXV: ROAR) is advancing the Volney Project—a high-grade gold and critical minerals exploration asset on private land in the Black Hills of South Dakota. The 142-hectare Volney Project hosts historical gold, lithium, and tin mineralization and sits within one of North America's most historically productive gold districts, yet has seen limited modern exploration. The company aims to capitalize on the growing demand for critical minerals in the U.S.

Verified company data

Cash position
~$5,000,000
Shares outstanding
115.9 million
Fully diluted shares
174.0 million
Mineral resource
The Volney Project is located in the Black Hills of South Dakota, a region with a long history of gold and tin production and limited modern exploration. The property hosts multiple historic mines and workings, including the Rusty Mine and Hydliff Adit for gold, and the Rough and Ready Mine for tin and gold. Gold mineralization at Volney is interpreted to be shear-hosted, with wide zones of mineralization identified in historic surface and underground workings. Lithium mineralization is hosted within LCT pegmatites, including the Giant Volney Pegmatite—a key focus of the project's hard-rock lithium exploration. Historic exploration across the property was shallow and discontinuous, leaving the system largely untested at depth and along strike.
Projects
["The Volney Project\n\nHigh-grade gold and lithium with historic tin in South Dakota's Black Hills — two independent mineral systems within a single past-producing property, mineralized from surface.\n\n142 ha Private Land 0 m Depth to Mineralization CUP Approved June 2016 15 Holes · ~3,600 m Drilled\n\nProject Overview\n\nTwo Mineral Systems, One Project\n\nShear-hosted gold mineralization occurs alongside lithium‑cesium‑tantalum (LCT) pegmatites — multiple, independent exploration targets within a single project footprint.\n\nGiant Volney Pegmatite at surface\n\nAverage surface sample grade 5–15g/t Au\n\nHistoric Rusty Mine intersections\n\nHistoric drilling depth — untested below\n\nWhy Volney\n\nKey Highlights\n\n01\n\nTwo Mineral Systems, One Project\n\nShear-hosted gold mineralization occurs alongside lithium-tantalum-tin (LCT) pegmatites, providing multiple, independent exploration targets within a single project footprint.\n\n02\n\nDistrict-Scale Lithium Potential\n\nMultiple LCT pegmatites converge to form the Giant Volney Pegmatite, extending approximately 635 metres at surface. Surface sampling returned average grades of 4.4% Li₂O, with values up to 5.4% Li₂O.\n\n03\n\nActive, Funded Exploration\n\nLion Rock has completed its Phase 1 drill program at Volney — an active, funded exploration effort systematically advancing both gold and lithium targets, with Phase 2 planning underway.\n\n04\n\nCompelling High-Grade Gold History\n\nHistoric workings at the Rusty Mine reported gold intersections of 5 to 15 g/t Au over widths of 15 to 45 metres. Channel sampling at the Rough and Ready Mine returned 18.2 g/t Au over 18.3 metres.\n\n05\n\nUnderexplored at Depth\n\nHistoric drilling at the Rusty Mine was limited to approximately 50 metres depth, yet intersected wide mineralized zones in all eight drill holes—the system remains largely untested at depth.\n\n06\n\nPast-Producing Ground\n\nHistoric production of cassiterite, tantalite, and spodumene concentrates—all from a single zone—supports the fertility of the LCT pegmatite system across the broader property.\n\nHistorical results referenced above have not been verified by a Qualified Person and should not be relied upon. They are presented as an indication of the exploration history of the property.\n\nProject Details\n\nGold, Lithium, and Tin in a Historic Mining District\n\nThe Volney Project is located in the Black Hills of South Dakota, a region with a long history of gold and tin production and limited modern exploration. The property hosts multiple historic mines and workings, including the Rusty Mine and Hydliff Adit for gold, and the Rough and Ready Mine for tin and gold.\n\nGold mineralization at Volney is interpreted to be shear-hosted, with wide zones of mineralization identified in historic surface and underground workings. Lithium mineralization is hosted within LCT pegmatites, including the Giant Volney Pegmatite—a key focus of the project's hard-rock lithium exploration.\n\nHistoric exploration across the property was shallow and discontinuous, leaving the system largely untested at depth and along strike.\n\nHistoric Workings! Historic mine workings at the Volney Project in the Black Hills of South Dakota\n\nBlack Hills District! Map of the Black Hills mining district showing the Volney Project relative to Homestake, Coeur Wharf, and Dakota Gold\n\nThe Volney Project within the Black Hills mining district\n\nProven Neighbourhood, Year-Round Access\n\nVolney benefits from excellent year-round road access and is located within the Black Hills mining district—one of North America's most historically productive gold regions. The 142 hectares are private claims with surface and mineral rights held outright.\n\nHomestake Mine\n\nHistoric producer — 40M+ oz Au from the district's flagship mine\n\nCoeur Mining — Wharf Mine\n\nActive gold operations in the district today\n\nDakota Gold\n\nOngoing exploration across the Black Hills\n\nAgnico Eagle\n\nActive in the Black Hills district today\n\nExploration Context\n\nModern Drilling in an Underexplored System\n\nHistoric drilling at Volney was limited to shallow depths—generally less than 50 metres—yet consistently intersected mineralization. This provides a strong technical rationale for modern drilling to evaluate depth extensions, structural continuity, and additional pegmatite targets across the property.\n\nTin-rich zones near the Rough and Ready Mine, where high-grade cassiterite production occurred in the early 20th century, further support the fertility of the LCT pegmatite system and provide additional exploration vectors.\n\nLion Rock is advancing Volney with a disciplined, technically driven approach designed to systematically evaluate both gold and lithium mineralization.\n\nMultiple Untested Targets! Map of regional pegmatite and gold targets across the Volney Project\n\nPhase 1 · Completed Q1 2026\n\nDrill-Confirmed, From Surface\n\nFifteen holes and ~3,600 metres completed on schedule and budget—mineralization intersected from surface, grades at or above commercial thresholds, and gold in all nine holes that targeted gold-bearing structures.\n\n2.3% Li₂O over 5.7 m VOL24-007\n0.8% Li₂O over 25.4 m from 12.2 m depth VOL24-004\n3,715 ppm Ta₂O₅ over 1.0 m VOL25-013\n0.3% Sn over 3.0 m VOL24-006\n10.9 m @ 2.0 g/t Au within 24.8 m @ 0.8 g/t VOL25-006\n\nFirst of multiple targets—surface sampling confirms additional mineralized pegmatites along strike and across the property."]
Leadership
R. Dale Ginn, P.Geo. (President & CEO · Director, Mining executive and geologist with 35+ years of experience, founder of 10+ exploration and mining companies, and part of the discovery teams for Gladiator, Hinge, 007, 777, Trout Lake, Photo, Edleston, and Tartan Lake. Helped generate 10M+ ounces of gold in resources and over C$500M in capital, with experience across Goldcorp, Harmony Gold, Hudbay, San Gold, and more.), Nav Dhaliwal (Executive Chair · Director, 20+ years in capital markets with a global network of institutional investors, family offices, and major gold and energy-metal funds. Raised over $500M for exploration and development.), P. Joseph Meagher, CPA, CA (Chief Financial Officer, CFO for multiple publicly listed companies on the TSX-V and CSE. Chartered Professional Accountant and Chartered Director; BCom from UBC.), Laurence Farmer (Director, General Counsel and VP Strategic Development at Osisko Development Corp. Played key roles structuring and closing over US$20B in mining-sector transactions.), Dominic Verdejo (Director, 12+ years in venture capital markets, corporate development, and mineral exploration, with director and senior officer roles in public companies.), Rick Boulay (Director, 40+ years in exploration, mining, and project financing, including 15 years with Bank of Montreal, Royal Bank of Canada, and Bank of Tokyo.), Carrie Cesarone (Corporate Secretary, Seasoned corporate secretary with 25 years of experience supporting public and private companies across various sectors, including mining, energy, and technology. Known for her strategic oversight of corporate filings, AGM processes, and transactional support, including M&A and financings.)

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