# Lion Rock Resources (TSXV:ROAR)

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

## About

Lion Rock Resources (TSXV: ROAR) is advancing the Volney Project, a high-grade gold and critical minerals exploration asset located 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. Despite this setting, the property has seen limited modern exploration. Historical work includes channel sampling of 18.2 g/t Au over 18.3 metres, lithium grab samples averaging 4.4 percent Li₂O, and shallow historic drilling limited to approximately 50 metres depth. Volney benefits from excellent year-round road access and is located within the Black Hills mining district, home to the historic Homestake Mine and active gold operations, including Coeur Mining’s Wharf Mine, as well as ongoing exploration by Dakota Gold. Importantly, the project is situated entirely on private land, allowing Lion Rock to advance permitting and exploration efficiently and maintain greater control over timelines. With a disciplined, technically driven exploration strategy, experienced management, and a focused capital structure, Lion Rock is positioned to systematically advance the Volney Project and unlock its gold and critical minerals potential.

## Key facts

- **Cash position:** ~$5,000,000
- **Shares outstanding:** 111000000
- **Fully diluted shares:** 169200000
- **Warrants:** 47200000
- **Options:** 10600000
- **Mineral resource:** The Volney Project features high-grade gold and lithium with historic tin in South Dakota’s Black Hills. Gold mineralization is interpreted to be shear-hosted, with historic workings at the Rusty Mine reporting gold intersections of 5 to 15 g/t Au over widths of 15 to 45 metres. Lithium mineralization is hosted within Lithium-Tantalum-Tin pegmatites, including the Giant Volney Pegmatite, which has surface sampling returning average grades of 4.4 percent Li₂O, with values up to 5.4 percent Li₂O. Historic drilling was limited to approximately 50 metres depth, yet intersected wide mineralized zones in all eight drill holes, indicating limited testing of the system at depth.
- **Projects:** ["Volney Project: High-grade gold and lithium with historic tin in South Dakota’s Black Hills. The project features two mineral systems, shear-hosted gold mineralization alongside Lithium-Tantalum-Tin (LCT) pegmatites, providing multiple exploration targets. The Giant Volney Pegmatite extends approximately 635 metres at surface, with surface sampling showing average grades of 4.4 percent Li₂O and values up to 5.4 percent Li₂O. An active exploration program has been initiated with recent drilling completed, focusing on both gold and lithium targets. Historic workings at the Rusty Mine reported gold intersections of 5 to 15 g/t Au over widths of 15 to 45 metres, and channel sampling at the Rough and Ready Mine returned 18.2 g/t Au over 18.3 metres. The property is located in a historic mining district with multiple historic mines and workings, including the Rusty Mine and Hydliff Adit for gold, and the Rough and Ready Mine for tin and gold. The exploration context indicates that historic drilling was shallow and discontinuous, leaving the system largely untested at depth and along strike."]
- **Leadership:** R. Dale Ginn P.GEO. (PRESIDENT & CEO, Experienced mining executive and geologist with over 35 years in the industry. Founder of over ten exploration and mining companies, he has led significant discoveries and raised over C$500 million for projects.), Nav Dhaliwal (Executive Chair, Capital markets expert with 20+ years of experience in maximizing shareholder value in the mining sector. Known for identifying undervalued companies and facilitating growth.), P. Joseph Meagher CPA, CA (Chief Financial Officer, Chartered Professional Accountant and Chartered Director with experience as CFO for several publicly listed companies.), Dominic Verdejo (Director, Over 12 years of experience in venture capital markets, specializing in market strategies and corporate development in the mineral exploration sector.), Rick Boulay (Director, Geologist with over 40 years of experience in exploration and mining, including extensive project financing experience.), Laurence Farmer (Director, Legal and financial executive with experience in mergers & acquisitions and corporate finance, currently serving as General Counsel at Osisko Development Corp.), Carrie Cesarone (Corporate Secretary, Seasoned corporate secretary with 25 years of experience in regulatory compliance and corporate governance across various sectors.)

_Verified data last updated: 2026-06-12_

## Recent filings

- 2026-06-09 — press_release — [ROAR_2026-06-09_14-54-02.pdf](https://ai-chat-dev-red.vercel.app/roar/preview/54838?documentId=54838)
- 2026-05-28 — financials — [ROAR_2026-05-28_13-54-24.pdf](https://ai-chat-dev-red.vercel.app/roar/preview/53043?documentId=53043)
- 2026-05-28 — mda — [ROAR_2026-05-28_13-50-53.pdf](https://ai-chat-dev-red.vercel.app/roar/preview/53044?documentId=53044)
- 2026-05-28 — financials — [ROAR_2026-05-28_13-49-51.pdf](https://ai-chat-dev-red.vercel.app/roar/preview/53045?documentId=53045)
- 2026-05-14 — other — [ROAR_2026-05-14_11-40-09.pdf](https://ai-chat-dev-red.vercel.app/roar/preview/50503?documentId=50503)
- 2026-05-05 — press_release — [LION ROCK EXPANDS CRITICAL MINERALS STRIKE; CONTINUES 100% DRILL HIT RATE AT VOLNEY, SOUTH DAKOTA](https://ai-chat-dev-red.vercel.app/roar/preview/38212?documentId=38212)
- 2026-04-27 — annual_report — [ROAR_2026-04-27_16-42-24.pdf](https://ai-chat-dev-red.vercel.app/roar/preview/33989?documentId=33989)
- 2026-04-27 — annual_report — [ROAR_2026-04-27_16-41-54.pdf](https://ai-chat-dev-red.vercel.app/roar/preview/33994?documentId=33994)

## Investor FAQ

### [Status of Drill Program?](https://ai-chat-dev-red.vercel.app/roar/faq/status-of-drill-program)

The drill program at the Volney Project is currently active, with recent drilling completed that focuses on both gold and lithium targets. The company has reported a 100% drill hit rate, indicating successful intersections in their exploration efforts.

### [Upcoming catalysts?](https://ai-chat-dev-red.vercel.app/roar/faq/upcoming-catalysts)

Upcoming catalysts for Lion Rock Resources include further results from the ongoing drill program at the Volney Project, which may provide additional insights into the gold and lithium mineralization. Additionally, advancements in permitting and exploration timelines are expected as the company continues to develop the project.

## Live AI chat

- https://ai-chat-dev-red.vercel.app/roar/chat
- Investor website: https://www.lionrockresources.com/