Lion Copper and Gold Corp C.LEO

Alternate Symbol(s): LCGMF

Metals & Mining Copper

Lion Copper and Gold Corp. is advancing its flagship copper assets at Yerington, Nevada through an option to earn-in agreement with Nuton LLC, a Rio Tinto venture. The Company owns a 100% interest in the MacArthur, Yerington and Wassuk properties and has an option to earn a 100% interest in the Bear property in Nevada. The Yerington Mine Property covers approximately 11 square miles centered on the former Anaconda open pit copper mine. This includes about 2,768 acres of fee simple parcels and patented mining claims as well as 208 unpatented lode and placer claims totaling about 4,300 acres on lands administered by the Bureau of Land Management (BLM). The MacArthur Project consists of about 902 unpatented lode claims and eight placer claims totaling approximately 18,800 acres on lands administered by the United States Department of Interior-BLM. The Bear deposit consists of approximately 2,300 acres of private land. The Wassuk property consists of about 310 unpatented lode claims.

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Lion Copper and Gold Corp

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Post by jsladekon May 15, 2021 2:42pm

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Post# 33210190

Drilling Started

Just opened a position in this stock. It is one of two high-risk / high-reward Cu exploration companies that I added. I had some mixed luck with QTA 15-20 years ago. During the last cycle, they completed a PEA that looked good but were not able to advance the mine. I think that conditions are right for them to have another go.

- Market cap: $35M,
- New management team.
- Drill program announced.
- PFS over next 12-15 months.

I probably paid a bit too much at current prices since it was $0.08 a while bakc, but I did not want to move before drilling started. If it sells off back to $0.08 I will add more. Looking for a big move it they can advance Macarthur.

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