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Lion One Metals Ltd.
Summary
| Project: | Tuvatu | |
|---|---|---|
| Deposit: | Tuvatu | |
| Location: | Fiji | |
| Commodities: | Gold | |
| Date: | 2/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-2-2017: Lion One Metals Ltd. announces an Exploration/Drilling Update report for its Tuvatu deposit at the Tuvatu project. Drilling results incl. 9.07m @ 13.52g/t Au from 32.83m. Lion One Metals Limited (TSX-V: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSX: LY1) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Albert Siega, Stephen Mann (Internal) | |
| ABSTRACT: | Lion One Metals Limited (TSX-V: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSX: LY1) (the “Company”) is pleased to announce further results from its ongoing drilling program at its 100% owned and fully permitted Tuvatu Gold Project located near Nadi on the island of Viti Levu in the Republic of Fiji. The Company has received results for the first diamond drill hole completed in its 2017 drill program, focused on infilling and extending mineralized lodes targeted for the first two years of planned development and production at Tuvatu. TUDDH 419 targeted a series of relatively flat lying “SKL” lodes from 71.36 to 103.64 meters, and also intersected a near surface, high grade interval of 13.52 g/t gold over 9.07 meters from 32.83 to 41.90 meters. Further drilling is planned to follow up these intersections. “These results confirm the high grades of the lodes targeted for development and highlight the potential for wider zones of mineralization” said Lion One Managing Director Stephen Mann. The Tuvatu Gold Project is located 17 km from the Nadi International Airport on the main island of Viti Levu in Fiji. Discovered in 1987, Tuvatu was advanced by previous owners through underground exploration and development from 1997 through to the completion of a feasibility study in 2000. Acquired by Lion One in 2011, the project has over 100,000 meters of drilling completed to date in addition to 1,600 meters of underground development. Tuvatu is a high grade, low sulphidation, epithermal gold deposit hosted inside a South Pacific-style volcanic caldera, along the Viti Levu lineament, Fiji’s own corridor of high grade gold deposits. | |
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