Canadian mineral exploration company, Northern Lion Gold announced that it has been granted four mineral permits in the Republic of Cyprus. Northern Lion holds two of the new permits and the remaining ones have been optioned between the firm and SES Sweden AB. The latest permits bring the company’s present tenure holdings to 24.
On the Kato Lefkara and the Pano Lefkara permits, preliminary work has showed surface gold mineralization; Northern Lion has planned a follow up drilling campaign.
At the Pano Lefkara permit, rock chip sample lines across a 100x40 m breccia zone have intercepted intervals of 24.5 m averaging 1.06 g/t gold, 25 m averaging 1.1 g/t gold, and 41 m averaging 3.47 g/t gold. Prior drilling of the breccia zone encountered 30 m of 0.91% zinc and 0.42% copper inside a broader zone of clay-pyrite alteration. Gold assays from the previous work are not available. Rock grab samples returned 6.76 g/t gold and 450 m south of the breccia zone showed a gold geochemical anomaly.
At the Kato Lefkara permit, there are two historical mineralized zones called Touroundja and Papoutsi. Northern Lion has collected a number of rock grab samples that returned values higher than 1.0 g/t gold from each mineralized zone. Rock chip sampling from nearby outcrop and across the gossan returned a 6 m sample averaging 6.38 g/t gold and a 31.5 m sample averaging 3.08 g/t gold, respectively.
Northern Lion also declared that it does not intend to pursue the Moura license situated in southern Portugal.
Source: http://www.northernliongold.com/