Latest news with #LionRock
South China Morning Post
10 hours ago
- Business
- South China Morning Post
Buyer linked to HSBC's ‘taipan' Wong puts down US$15.9 million for a Hong Kong luxury flat
A person connected to veteran HSBC banker Peter Wong Tung-shun bought a luxury unit in Hong Kong's Southern district for HK$125 million (US$15.9 million), as sentiment in the city's property market improves gradually. Two connected units with a total area of 4,616 sq ft were sold for HK$27,080 per square foot to Lion Rock (HK), according to Land Registry records. The property was handed over on Tuesday. The sole director of Lion Rock, Jeremy Wong Ka-chun, is also one of the three directors of Energy World; the other two are Peter Wong Tung-shun and his wife Camay Wong Ng Kam-mie, according to another Land Registry record. Peter Wong, 73, is the chairman of HSBC Asia-Pacific. HSBC declined to comment. The transaction came as Hong Kong's property market was showing signs of recovery, with lived-in home prices recording a small gain for the second straight month in May, according to official data. In the first five months of the year, second-hand home prices declined 0.9 per cent. They are down 28 per cent from a peak reached in September 2021.
Yahoo
28-05-2025
- Business
- Yahoo
Lion Rock Resources Reports New Gold Results Including 189.5 g/t at Volney Project, South Dakota
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Lion Rock Resources Inc. (TSXV: ROAR) (FSE: KGB) (OTC Pink: LRRIF) (the "Company") is pleased to announce gold assay results from its recent surface sampling program at the Volney Project, South Dakota. The results include 189.5 g/t Au from float material and 14.0 g/t Au from bedrock, confirming the presence of multiple distinct gold target zones and strong potential for further discoveries across underexplored areas of the property. Located 20 km southwest of Spearfish in the prolific Black Hills Mining District, Volney is a past-producing, multi-commodity project hosting high-grade gold, lithium, and tin. News Highlights High-Grade Bedrock Mineralization Along Major Gold-Bearing Horizon: Sampling at the Volney Project target outlined a 260 m shear trend open along strike, with bedrock chip samples returning up to 14.0 g/t Au (Figure 1). A total of 20 bedrock samples returned values over 0.5 g/t Au, associated with quartz veining or sheared greenstone units (Table 1). High-Grade Float Samples: Grab samples from float material returned 41 samples >1.0 g/t Au, including 7 samples >10.0 g/t Au, with the highest at 189.5 g/t Au (Table 2). High-grade samples were typically associated with quartz veining and silicification. Multiple Gold Mineralization Host Units: Gold occurs in both greenstone-hosted and Tertiary vein and breccia systems. Only a limited portion of the property has been explored to date, indicating strong potential for additional discoveries. Multi-Commodity Upside: In addition to high-grade gold, recent grab sampling returned lithium values up to 5.3% Li2O from historic stockpiles and up to 3.7% Li2O from outcrop. 13 stockpile samples also reported tin values greater than 1.0% Sn, highlighting by-product potential (see Lion Rock News Release dated May 13, 2025). Private Land - Fast-Tracked Permitting: The Volney Project is situated on 142 hectares of privately held land with surface and mineral rights, enabling rapid drill program execution and accelerated permitting from exploration through production. Dale Ginn, President and CEO of Lion Rock, stated, "These results underscore the exceptional potential of the Volney Project. We're seeing strong gold grades across multiple zones which confirm the presence of high-grade mineralization at surface. Combined with promising lithium and tin values and the advantage of private land ownership, Volney represents a truly unique and exploration opportunity for Lion Rock." Figure 1. Gold results from recent float and outcrop sampling at the Volney Project. To view an enhanced version of this graphic, please visit: Table 1. Bedrock Chip Sample Highlights Sample ID Lithology Au (g/t) 9038 Quartz Vein 14.0 9023 Greenstone (Sheared) 7.4 9036 Schist 5.0 9034 Schist 4.7 9024 Greenstone (Sheared) 4.7 9020 Greenstone (Sheared) 3.9 LR-25 Quartz Vein 3.7 9025 Greenstone (Sheared) 2.9 9037 Schist 2.7 9022 Greenstone (Sheared) 2.5 LR24-04 Greenstone 2.5 LR24-03 Greenstone 1.5 9033 Quartz Vein 1.4 9039 Chert 1.1 LR24-02 Greenstone 1.0 LR24-12 Schist 0.8 LR24-09 Greenstone 0.8 LR24-55 Greenstone 0.7 LR24-52 Greenstone (Sheared) 0.6 9029 Schist 0.6 Table 2. Float Grab Sample Highlights Sample ID Lithology Au (g/t) LR-77 Quartz Vein 189.5 LR24-39 Schist 45.3 LR-75 Quartz Vein 27.8 LR-78 Quartz Vein 25.9 LR-69 Iron Formation 20.2 LR-80 Quartz Vein 15.5 LR24-44 Metachert 15.0 LR-81 Iron Formation 8.2 LR-82 Iron Formation 5.7 9014 Quartz Vein 5.5 LR24-71 Iron Formation 5.3 9001 Quartz Vein 4.7 LR24-40 Metachert 4.3 LR24-72 Phyllite 3.8 LR-83 Iron Formation (Breccia) 3.7 LR-71 Gabbro 3.6 LR24-69 Iron Formation 3.5 LR24-74 Phyllite 3.2 9011 Quartz Vein 3.1 9006 Gabbro (Breccia) 2.9 LR24-68 Metachert 2.7 LR-63 Quartz Vein 2.7 9012 Quartz Vein 2.6 LR-70 Iron Formation 2.4 LR-23 Amphibolite 2.2 LR-72 Gabbro 2.1 LR-74 Gabbro 2.1 9003 Quartz Vein 2.0 LR24-60 Schist (Sheared) 1.7 9002 Quartz Vein 1.7 9000 Quartz Vein 1.6 LR-89 Quartz Vein 1.6 LR-29 Metabasalt (Sheared) 1.3 LR24-49 Metachert 1.3 LR24-36 Phyllite 1.3 LR24-82 Metagabbro 1.2 LR24-43 Schist 1.2 9005 Gabbro (Breccia) 1.1 LR-27 Metabasalt 1.1 LR-64 Quartz Vein 1.0 9010 Trachyte 1.0 Grab and chip samples are selective in nature and may not be representative of the mineralization on the property. For grab samples, 1 to 3 kg of material was collected from a single location marked as either float or stockpile. For chip samples, 1 to 3 kg of rock was collected by hammer and chisel from outcrop faces over up to 1 m. About the Volney Project The Volney property is a multi-commodity project strategically located in South Dakota's Black Hills, a historically rich and active mining region (Figure 2). The Black Hills have produced over 62 million ounces of gold, including from the prolific Homestake Mine, one of the most significant gold producers in North American history. The Volney Project is home to the Giant Volney pegmatite, a 635 m long LCT (Lithium-Cesium-Tantalum) pegmatite which remains untested at depth. The district continues to attract modern exploration efforts, with companies such as Dakota Gold Corp. actively advancing projects within the Black Hills. The project is accessible year-round and consists of private claims with surface and mineral rights, which facilitates rapid permitting and project advancement. Figure 2. Volney Project regional map in the Black Hills, South Dakota. To view an enhanced version of this graphic, please visit: QA/QC Samples were collected by Lion Rock personnel and were crushed, pulverized and pulps prepared by Bond Mineral Services, LLC, an ISO-certified preparatory laboratory located in Central City, South Dakota. Sample pulps were analyzed by ALS Geochemistry in Reno, NV, a laboratory accredited in accordance with the standards of ISO 17025:2017. Sample pulps were analyzed using industry standard analytical package ME-MS89L. Internal laboratory QA/QC was relied upon for the purposes of this sampling campaign. The technical content of this news release has been reviewed and approved by Carl Ginn, consultant to the Company and a Qualified Person pursuant to National Instrument 43-101. About Lion Rock Resources Inc. Lion Rock Resources Inc. is a Canadian mineral exploration company committed to advancing high-grade gold and lithium projects across North America. The Company's flagship asset, the Volney Project, is located in South Dakota's Black Hills, a mining-friendly jurisdiction surrounded by active gold operations. The Company is led by an award-winning team with a proven track record of mineral discoveries, project development, and financing. On Behalf of the Board, R. Dale Ginn, President & Chief Executive OfficerO: 604-678-5308E: dale@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution Regarding Forward-Looking Information Certain statements contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "potential", "indicative" and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Such forward-looking information is based on the current expectations of management of the Company. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties, including without limitation risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. In making the forward-looking statements in this press release, the Company has applied several material assumptions. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Lion Rock Resources Reports High-Grade Lithium Results at Volney Project, South Dakota
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2025) - Lion Rock Resources Inc. (TSXV: ROAR) (FSE: KGB) (OTC Pink: LRRIF) (the "Company") is pleased to announce lithium assay results from its recent surface sampling program at the Volney Project, South Dakota. The results include values up to 5.3% Li2O from stockpile material and 3.7% Li2O in pegmatite outcrops and extend the lithium-bearing pegmatite trend to 1,000 m by 500 m. Located 20 km southwest of Spearfish in the Black Hills Mining District, Volney is a past-producing, multi-commodity project that hosts high-grade gold, high-grade lithium, and high-grade tin. News Highlights High-Grade LCT Pegmatites in Outcrop - Significant Expansion Potential: A total of 26 outcrop samples returned values exceeding 1.0% Li2O, confirming multiple high-grade lithium-bearing pegmatites at surface across a 1,000 m by 500 m corridor, that remains open in all directions. Importantly, newly sampled outcrops located 600 m from the historic Giant Volney pegmatite returned values up to 3.7% Li2O, underscoring the broader potential for high-grade lithium mineralization beyond historically known zones and highlighting the opportunity to significantly expand the mineralized footprint. Validation of Historic High-Grade Material: A total of 43 stockpile and mill waste samples returning values above 1.0% Li2O and up to 5.3% Li2O. In the historic Giant Volney pit area, 26 stockpile samples yielded an average grade of 3.8% Li2O, confirming high-grade lithium values reported in historic bulk sampling. High-Grade Multi-Commodity Potential Includes High-Grade Gold and Tin: In addition to lithium, a total of 13 stockpile and mill waste samples returned tin (Sn) values above 1.0% Sn, indicating significant potential for by-product recovery. The property is also host to high-grade gold mineralization with historic grades up to 8.0 g/t Au over 43.0 m and 18.2 g/t Au over 18.3 m. Private Land - Fast-Tracked Permitting: The Volney Project is situated on 142 hectares of privately held land with surface and mineral rights, enabling rapid drill program execution and accelerated permitting from exploration through production. Dale Ginn, President and CEO of Lion Rock, stated, "These strong lithium results confirm the high-grade potential of the Volney Project. The combination of high-grade outcrop samples and historically mined material presents an exciting opportunity for continued exploration, both at surface and through drilling. With 142 hectares of private land, we're able to fast-track permitting and quickly advance toward drill testing. We're also highly encouraged by the multi-commodity potential of the system, which also includes high-grade gold and tin, and we look forward to expanding the known pegmatite extents through our upcoming exploration program." Figure 1. Lithium grab sample results from recent sampling at the Volney Lithium Project. To view an enhanced version of this graphic, please visit: Lithium Surface Sampling An initial surface sampling campaign at the Volney Project successfully returned strong lithium values, with 69 out of 100 samples assaying above 1.0% Li2O. The program included sampling of mill waste, stockpiles, and pegmatite outcrops (Table 1), targeting both historically known and newly mapped pegmatites. Outcrop sampling covered more than twenty previously unsampled pegmatite and confirmed anomalous lithium mineralization across a broad area measuring approximately 1,000 m by 500 m (Figure 1). The highest lithium value from outcrop was 3.7% Li2O, returned from a previously untested pegmatite located over 600 m from the historic Giant Volney pegmatite. The lithium-bearing pegmatites observed were composed of quartz-oligoclase and typically hosted visible accessory minerals including spodumene, amblygonite, cassiterite, and tantalite. Exposed pegmatite outcrops ranged in width from 10 to 30 m. Stockpile sampling also produced encouraging results, with grades up to 5.3% Li2O. A total of 26 stockpile samples collected from the historic Giant Volney pit area averaged 3.8% Li2O, supporting the presence of high-grade lithium in historically mined material. Several stockpile and mill waste samples also returned significant tin values, indicating potential for multi-commodity recovery. Further work is warranted to locate the bedrock source of the tin anomalies. In addition, tin mill tailings contained notable lithium values up to 0.8% Li2O, while three samples from a remaining ore bin at the historical tin mine returned between 1.2% and 1.6% Li2O. These results confirm that the historically mined Rough & Ready pegmatite units were also lithium-bearing. Complete assay results for outcrop samples exceeding 1.0% Li2O and stockpile samples over 3.0% Li2O are presented in Tables 2 and 3, respectively. Table 1. Sample Type and Result Count Sample Type Number Collected Number >1% Li2O Number>1% Sn Outcrop 46 26 0 Stockpile 41 40 5 Mill Waste 13 3 8 Total 100 69 13 Table 2. Pegmatite Outcrop Grab Sample Highlights Sample ID Li2O (%) LR24-P86 3.7 LR24-P83 2.8 LR24-P88 2.8 LR24-P20 2.7 LR24-P17 2.6 LR24-P26 2.6 LR24-P77 2.4 LR24-P84 2.1 LR24-P23 1.9 LR24-P87 1.9 LR24-P79 1.8 LR24-P19 1.5 LR24-P08 1.3 LR24-P114 1.3 LR24-P78 1.3 LR24-P70 1.3 LR24-P69 1.3 LR24-P71 1.3 LR24-P07 1.2 LR24-P110 1.2 LR24-P113 1.2 LR24-P18 1.1 LR24-P90 1.1 LR24-P03 1.0 LR24-P09 1.0 LR24-P16 1.0 Table 3. Historic Stockpile Grab Sample Highlights Sample ID Li2O (%) LR-49 5.3 24-P61 4.8 LR-44 4.6 LR-58 4.4 LR-50 4.4 LR-41 4.3 24-P62 4.3 LR-51 4.3 24-P66 4.3 LR-61 4.2 24-P58 4.2 LR-56 4.2 LR-52 4.1 LR-54 4.1 24-P06 4.0 LR-43 3.9 24-P68 3.9 LR-62 3.9 LR-46 3.9 LR-40 3.9 24-P63 3.8 LR-42 3.8 LR-53 3.8 24-P65 3.7 24-P64 3.7 24-P05 3.7 LR-60 3.7 LR-47 3.6 24-P59 3.6 24-P04 3.6 LR-59 3.5 LR-45 3.3 24-P67 3.2 LR-48 3.1 Grab samples are selective in nature and may not be representative of the overall mineralization on the property. About the Volney Project The Volney property is a multi-commodity project strategically located in South Dakota's Black Hills, a historically rich and active mining region (Figure 2). The Black Hills have produced over 62 million ounces of gold, including from the prolific Homestake Mine, one of the most significant gold producers in North American history. The district continues to attract modern exploration efforts, with companies such as Dakota Gold Corp. actively advancing projects within the Black Hills. The project encompasses high-grade gold, high-grade lithium, and high-grade tin mineralization, with notable historic grades up to 18.2 g/t gold over 18.3 m, 5.3% Li2O, and 2.5% Sn. The Volney Project is home to the Giant Volney pegmatite, a 635 m long LCT (Lithium-Cesium-Tantalum) pegmatite with strong expansion potential, and an extensive high-grade gold system. The project is accessible year-round and consists of private claims with surface and mineral rights, which facilitates rapid permitting and project advancement. Figure 2. Volney Project regional map in the Black Hills, South Dakota. To view an enhanced version of this graphic, please visit: QA/QC Samples were collected by Lion Rock personnel and were crushed, pulverized and pulps prepared by Bond Mineral Services, LLC, an ISO-certified preparatory laboratory located in Central City, South Dakota. Sample pulps were analyzed by ALS Geochemistry in Reno, NV, a laboratory accredited in accordance with the standards of ISO 17025:2017. Sample pulps were analyzed using industry standard analytical package ME-MS89L. Internal laboratory QA/QC was relied upon for the purposes of this sampling campaign. The technical content of this news release has been reviewed and approved by Carl Ginn, consultant to the Company and a Qualified Person pursuant to National Instrument 43-101. About Lion Rock Resources Inc. Lion Rock Resources Inc. is a Canadian mineral exploration company committed to advancing high-grade gold and lithium projects across North America. The Company's flagship asset, the Volney Project, is located in South Dakota's Black Hills, a mining-friendly jurisdiction surrounded by active gold operations. The Volney Project hosts high-grade gold, lithium and tin mineralization, with historic drill results showing gold grades of up to 18.2 g/t Au over 18.3 m, lithium concentrations as high as 5.3% Li2O. The Company is led by an award-winning team with a proven track record of mineral discoveries, project development, and financing. On Behalf of the Board R. Dale Ginn, President & Chief Executive OfficerO: 604-678-5308E: dale@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution Regarding Forward-Looking Information Certain statements contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "potential", "indicative" and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Such forward-looking information is based on the current expectations of management of the Company. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties, including without limitation risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. In making the forward-looking statements in this press release, the Company has applied several material assumptions. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NBC News
03-04-2025
- Business
- NBC News
Family offices are moving money out of the U.S. on tariff, economic fears
At his Singapore-based family office, Srihari Kumar has long favored U.S. investments. The former Goldman Sachs managing director, who also co-founded TPG-Axon Capital, takes a truly global view of investing. The portfolio at his family office, LionRock Capital, has traditionally been about 40% in the U.S., 40% in India and 20% in the rest of the world. In the past six months, however, that has shifted. LionRock's investments in the rest of the world (outside the U.S. and India) have expanded to over 25%, largely at the expense of the U.S. And it may shift more in the future, Kumar said. 'The combination of tariffs and reduction in government-related spending (through DOGE and research spending etc.) causes greater economic uncertainty and a greater risk that economic growth will falter without a corresponding reduction in interest rates,' Kumar said. He stressed that he's still bullish on the U.S. over the long term, especially when it comes to artificial intelligence and technology. But he said that given high U.S. stock valuations, the market concentration in the Mag 7 stocks and new opportunities abroad, he is 'taking a pause' on adding to the U.S. LionRock is not alone. Even before President Donald Trump 's bombshell tariff announcement Wednesday afternoon, family offices are rethinking their investments in the U.S. Policy uncertainty, volatile stocks and declining outlooks for economic growth have driven many family offices to seek safety and geographic hedges. Some are putting money into hard assets, like gold or real estate. Others are raising cash and waiting for the dust to settle. After years of favoring U.S. 'exceptionalism,' experts said family offices are now rethinking their global allocations, lowering their U.S. exposure and looking to take advantage of new opportunities overseas. Whether it's investing in Europe on the strength of renewed defense spending, or betting on China's advancements in AI and robotics, family offices are at the forefront of a rapid shift to more global diversification. According to the UBS Global Family Office Report, family offices had half of their assets invested in North America in 2024. Europe ranked a distant second, with 27% of assets, followed by Asia-Pacific and China. North American family offices were the least diversified, with 82% of their assets invested in North America. Yet even overseas family offices put a lot of money in the U.S., with family offices in Asia and the Middle East investing 49% of their assets in North America. The big question in the financial industry is whether the family office move out of the U.S. will be brief and limited, or whether it's the start of a broader structural trend. The world's 8,000 single family offices have over $3 trillion in assets under management, expected to grow to $5 trillion by 2030, according to Deloitte Private. Family offices have become a critical source of capital for startups, private equity, venture capital, real estate and other businesses in the U.S. If family offices start moving more capital abroad and divest from the country, the drop in funding could be felt across the financial system. For now, the moves are relatively small. Family offices invest for the long term, with time horizons of 20 or even 100 years, so they don't make big changes based on headlines and market swings. 'We're not seeing a wholesale shift out of the U.S.,' said Richard Weintraub, the family office group head of the Americas at Citi Private Bank. 'But they're kind of rediscovering opportunities in Europe and Asia. I think it's probably more tactical in nature. For this to be a continued strategic shift, you'd have to see the fundamentals back it up over a longer period.' Non-U.S. investors seem to be making the biggest moves. Between Feb. 14 and March 14, European investors pulled over $3.079 billion from U.S. equity ETFs and added nearly $16 billion to European equity ETFs, according to Morningstar Data. Kumar said the repatriation of capital from the U.S. by foreign investors 'could cause an increase in the cost of capital for U.S. markets, with higher rates and lower valuation multiples.' That could also lead to higher debt payment costs and deficits, which are also a concern for foreign investors. William Sinclair, head of the financial institutions group and the U.S. family office practice at J.P. Morgan Private Bank, said strong returns in Europe and other global stock markets in 2025 have only highlighted the need for family offices to be truly diversified across countries. 'Due to elevated policy uncertainty, there is a growing emphasis on diversification as a defense against market volatility,' he said. 'This includes a shift to non-U.S. stocks, core fixed income, and gold, all of which have delivered solid returns and helped shield diversified portfolios.' He added that, 'Overall, we have seen a modest shift in capital allocation outside the U.S. by Single-Family Offices, primarily as a strategy for broader diversification.'
