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Lion One Metals Ltd.
Summary
| Project: | Tuvatu | |
|---|---|---|
| Deposit: | Tuvatu | |
| Location: | Fiji | |
| Commodities: | Gold | |
| Date: | 10/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-10-2017: Lion One Metals Ltd. announces an Exploration/Drilling Update report for its Tuvatu deposit at the Tuvatu project. Drilling results incl. 11.01m @ 9.08g/t Au from 80.79m. North Vancouver, British Columbia--(Newsfile Corp. - October 16, 2017) - | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Mann (Internal) | |
| ABSTRACT: | North Vancouver, British Columbia--(Newsfile Corp. - October 16, 2017) - Lion One Metals Limited (TSX-V: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSE: LY1) (the "Company") is pleased to announce that its ongoing diamond drilling program has returned further high grade gold intersections at its 100% owned and fully permitted high grade underground TuvatuGold Project located near Nadi on the island of Viti Levu in the Republic of Fiji. Drill results have been received from a further three diamond drill holes (TUDDH463, 467 and 469) completed on extensions to the TuvatuGold Project. These drill holes targeted the individual mineralised lodes within the recently recognised and potentially significant HT Corridor mineralisation. Please refer to Figures 1 and 2, and Tables 1, 2 and 3 for drill hole details. HT Corridor Mineralisation: a zone of growing significance The previous resource estimate for Tuvatu included generally lower grade mineralisation in lodes named T1, T2, H1 and H2 and as announced in the NI43-101 resource estimate on 4 June 2014. Prompted by a reinterpretation and the recognition of highgrade mineralisation at surface, the Company returned to this area for further drilling in 2017. Other results from this current program have included 2.77 meters averaging 35.08g/t, 3.4 meters averaging 23.2g/t gold and refer to releases dated 22 August 2017 and 15 September 2017 for further details | |
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