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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  V.LIO.W | LOMLF

Lion One Metals Limited is a Canada-based exploration company. The Company is engaged in the business of mineral exploration and evaluation and is primarily focused on the acquisition, exploration and evaluation of mineral resources in Fiji. The Company owns 100% of Tuvatu Alkaline Gold Project, which is located approximately 24 kilometers northeast of the town of Nadi on the island of Viti Levu in the Republic of Fiji. The area surrounding the Tuvatu gold deposit and resource area is covered by approximately three-square kilometers of special mining lease (SML 62), with the broader project area covered by approximately 13,613 hectares of special prospecting licenses (SMLs 1283, 1296, 1465 and 1512), covering the balance of the Navilawa caldera. The SML 62 provides rights for the potential development, construction, and operation of mining, processing, and waste management infrastructure at Tuvatu. The Company holds over four exploration licenses (SPLs) for the Tuvatu properties.


TSXV:LIO - Post by User

Bullboard Posts
Post by heybulldogon Nov 07, 2019 9:42pm
141 Views
Post# 30324972

Lets read that again:

Lets read that again:
Some interesting quotes from news release:

"BLEG results demonstrate the footprint of gold mineralization at Navilawa is several times larger than previously thought."

This is very interesting:

"The company has recently been opening access into new gold anomalous areas so that prospecting, mapping and sampling can be conducted. Interestingly, many veins have already been exposed in new road cuts. Vein material from Banana Creek displays fine crystalline, wire gold, a promising initial indication."

Looking forward to this:

"By year-end, Lion One anticipates receiving initial assays from many new gold occurrences with areas highlighted by BLEG sampling."

So the next two months should be good. I suspect by early in the new year we will learn which road Lion is taking- and yes will be share dillution but the share price could be much higher which will help the pain.
Bullboard Posts