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Lion Rock Resources Inc V.ROAR

Alternate Symbol(s):  KBGCF

Lion Rock Resources Inc. is a brownfields exploration company. The Company is focused on the Maybrun Copper-Gold Project in northwestern Ontario, approximately 80 kilometers (km) from New Gold’s Rainy River Gold Mine and 15 km from First Mining Gold’s Cameron Lake Project. It also holds properties prospective for lithium in Ontario and Quebec. The Maybrun Project hosts three shallow depth zones along a 1.4 km mineralized trend (North Zone, Main Zone, and Footwall Zone). Maybrun Property is encompassed by 20 patented mining claims. It has an option agreement to acquire a 100% interest in the Revell Property located in Ontario, Canada. The Revell Property, located about 25 km east of Ignace, Ontario, consists of 112 claims covering 2,350 hectares (ha). It also has an option agreement to acquire the Fleuron Property, located about 35 km south of Val d'Or, Quebec, consisting of 205 claims spanning 11,380 ha. It has an option agreement to acquire the Volney Project in the Black Hills.


TSXV:ROAR - Post by User

Bullboard Posts
Post by threepalmson Apr 22, 2014 12:09pm
174 Views
Post# 22476904

big hurdle to jump

big hurdle to jump
Exploration Plans: In order to undertake certain early exploration activities, an 
exploration plan must be submitted, and any surface rights owners must be notified. 
Aboriginal communities potentially affected by the exploration plan activities will be 
notified by the Ministry of Northern Development and Mines (MNDM) and have an 
opportunity to provide feedback before the proposed activities can be carried out. 
Submission of an exploration plan is voluntary beginning November 1, 2012. 
Exploration plans will be mandatory as of April 1, 2013. • Exploration Permits: Some early exploration activities will require an exploration 
permit. Those activities will only be allowed to take place once the permit has been 
approved by MNDM. Surface rights owners must be notified when applying for a 
permit. Aboriginal communities potentially affected by the exploration permit activities 
will be consulted and have an opportunity to provide comments and feedback before a 
decision is made on the permit. Submission of an application for an exploration permit 
is voluntary beginning November 1, 2012. Exploration permits will be mandatory as of 
April 1, 2013

As you can see from the above description.. KBG obtaining this 3 year permit is a BIG deal.

This Menary property has great potential and from what I just read on the MD & A filled yesterday the budget for Menary is $266,000 for this year and the result of the bulk sample as well as furher investigative type work may propel this property forward in the coming months.
Bullboard Posts