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Lionsgold Ltd.
Summary
| Project: | Syrjala | |
|---|---|---|
| Deposit: | Kuikka | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 10/5/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-10-2017: Lionsgold Ltd. announces an Exploration/Drilling Update report for its Kuikka deposit at the Syrjala project. JV with Kalevala Gold Oy - Drilling results incl. 3m @ 26.50g/t Au from 7m. Lionsgold, the gold-focused exploration company with asset | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick O'Reilly (Mining Analyst Consulting Ltd.) | |
| ABSTRACT: | Lionsgold, the gold-focused exploration company with assets in India and Finland, and a fintech subsidiary that provides online accounts backed by physical gold, is pleased to provide an update on activities undertaken by its Finnish gold joint venture ("JV") in the Suomussalmi region of eastern Finland. Kalevala Gold Oy ("Kalevala") is the Finland-incorporated, JV operating company for the work conducted on the Syrjälä Project, which includes the planned Kuikka Gold Deposit bulk sampling programme and regional gold exploration. Cameron Parry, Lionsgold CEO, commented: "We are pleased to report on the progress being made under our JV in Finland. Additional exploration targets have been identified and with the new prospecting licence recently granted, Kalevala now holds more than 300km2 under licence representing over 90% of what the board believes to be the highly prospective Suomussalmi Greenstone Belt. At Kuikka, the results of the confirmation grade drilling program further demonstrate a high grade gold deposit and further delineate the shape and size for the most effective bulk sample cut. With regard to processing the ore, our pilot plant and equipment is in place and awaiting commissioning using a planned 200 tonnes sample."We look forward to updating shareholders as additional prospecting areas are granted and relevant testing permissions are received in relation to our Finland gold assets, whilst we concurrently progress our interests in India and develop our gold-backed financial technology offering." | |
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