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Lion One Metals Ltd.
Summary
| Project: | Tuvatu | |
|---|---|---|
| Deposit: | Tuvatu | |
| Location: | Fiji | |
| Commodities: | Gold | |
| Date: | 12/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-12-2019: Lion One Metals Ltd. announces an Exploration/Drilling Update report for its Tuvatu deposit at the Tuvatu project. Drilling results incl. 4.29m @ 33.22g/t Au from 422.53m. North Vancouver, British Columbia--(Newsfile Corp. - December 18, 2019) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Mann (Internal) | |
| ABSTRACT: | North Vancouver, British Columbia--(Newsfile Corp. - December 18, 2019) - LionOne Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) ("Lion One" or the "Company") is pleased to report that it has encountered multiple high-grade gold intercepts in its first deep diamond drill hole at its 100% controlled and fully permitted Tuvatu Alkaline Gold Deposit, Fiji. "We are very pleased with the multiple high-grade intercepts encountered in our first deep drill hole at Tuvatu," commented Dr. Quinton Hennigh, technical advisor to LionOne. "As anticipated, we see high-grade mineralization extending and evolving at depth. As we continue to drill additional deep holes, we hope to gain a better understanding of the underlying plumbing system that brought up gold-rich fluids and ultimately discover the root feeder or feeders that gave rise to the Tuvatu lode complex. Alkaline gold deposits are known to extend to great depths, so we have plenty of room to explore. And thanks to our recent encouraging BLEG results, we now know we have an extensive anomalous area within the northern part of the Navilawa caldera to explore for extensions of this robust gold system. Thanks to our recent over-subscribed private placement, our CAD$17 million treasury will allow us to aggressively explore the Navilawa Caldera for the very first time." | |
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