Lion Rock Resources has outlined a new gold discovery at Volney, where phase 1 drilling has confirmed multiple open zones across a 500 m strike, 400 m width and 200 m vertical depth, adding fresh momentum to a project that had already returned lithium, tin and tantalum from the same broader system.
Lion Rock Resources has moved Volney into a new category. The company’s April 8 release reported a new gold discovery at the South Dakota project, with multiple distinct gold mineralised zones now defined across 500 m of strike, 400 m of width and 200 m of vertical depth. Just as important, all zones remain open in every direction, giving the market a discovery footprint that is already meaningful after a first pass campaign.
The early drill results also carry a clear consistency message. Lion Rock says all nine holes returned gold mineralisation. Standout intervals include 24.8 m at 0.8 g/t Au, including 10.9 m at 2.0 g/t Au in hole VOL25 006, and 36.5 m at 0.5 g/t Au, including 4.6 m at 2.1 g/t Au in hole VOL25 002. Additional hits in holes VOL25 009 and VOL25 010 add to the view that Volney is not defined by a single narrow zone, but by a broader mineralised system with room to expand.
What makes the result more interesting is the geometry. Higher grade cores are sitting inside broader mineralised envelopes, while holes VOL25 006 and VOL25 009 cut multiple gold bearing intervals at different depths in the same hole. Lion Rock also described the mineralisation as near surface and potentially suitable for lower cost bulk mining methods. For investors, that combination of width, continuity and shallow position is often where a discovery starts to command closer attention.
Volney is also shaping up as more than a gold story. In late February, Lion Rock reported significant lithium, tin and tantalum intercepts from the Giant Volney target area, part of the same phase 1 program. The company said it had completed about 3,600 m of diamond drilling across 15 holes and identified seven minerals on the current US Critical Minerals List at Volney, including lithium, tin, tantalum, gallium, cesium, rubidium and gold. That matters because it gives Volney exposure to both precious metals and domestic critical minerals, a mix that can widen strategic interest and strengthen the investment case.
The project setting adds to that case. Volney sits in South Dakota’s Black Hills, a district with a long mining history and active modern operations nearby. Lion Rock says the property hosts historic gold and tin workings, while historical drilling at Rusty Mine was generally limited to around 50 m depth despite intersecting wide mineralised zones. In other words, the technical backdrop supports the idea that Volney has not yet been tested to the depth or scale expected of a modern program.
The next marker will be the pending assays. Lion Rock has said further critical mineral results remain outstanding, and the April gold release noted that phase 1 drilling focused on only one high priority part of the property. That leaves clear upside to come. Based on the results released so far, Volney is starting to look like a project with scale, commodity diversity and enough open ground to keep delivering news as drilling advances.
To learn more about this, please visit https://www.lionrockresources.com/
For more articles like this, please visit https://www.theassay.com/
Meet with Lion Rock Resources at the upcoming 121 Mining Investment events:
For the London Spring event on 11-12 May 2026, please register here: https://london.121mininginvestment.com/home
For the New York event on 15-16 June 2026, please register here: https://newyork.121mininginvestment.com/home
