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 > Water Rights

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Comment by defcon1on Aug 10, 2021 5:17pm

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Post# 33680016

RE:RE:Water Rights

The Company has the right to appeal within 30 days from July 23, 2021, and has retained legal counsel to initiate the appeal process. Should the appeal be unsuccessful or Desert Pearl elects to terminate the Agreement, the Company will have to return the $1,000,000 initial payment to Desert Pearl. The $1,900,000 balance of the water rights proceeds will be forfeited.

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