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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  V.LIO.WT | 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

Post by LondonInveston Nov 02, 2021 5:26am
218 Views
Post# 34076027

AVERAGE GRADE OF 23 G/T Au FROM ZONE 500 MINERALIZED INT

AVERAGE GRADE OF 23 G/T Au FROM ZONE 500 MINERALIZED INT

North Vancouver, B.C., November 2, 2021 – Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce further high-grade intercepts from two recently completed drillholes as part of ongoing deep extensional step-out drilling from the Company’s 100% owned Tuvatu gold project in Fiji.

  • DEEP FEEDER ZONE 500 NOW EXTENDS OVER 300M VERTICALLY AND 150M LATERALLY
  • WEIGHTED AVERAGE GRADE OF 23 G/T Au FROM ZONE 500 MINERALIZED INTERCEPTS 6 X HIGHER THAN AVERAGE GRADE OF RESOURCE
  • ZONE 500 CONNECTS WITH BASE OF EXISTING RESOURCE AT APPROX. 470M DEPTH
  • DRILLED EXTENT OF TUVATU SYSTEM INCREASED BY 53% TO APPROX. DEPTH OF 720M
Drill highlights include:
33.40 g/t Au over 3.90m from downhole depth of 629.30m from TUDDH544-W2
– including 105.0 g/t Au over 0.30m from 629.6m,

https://liononemetals.com/2021/11/lion-one-reports-new-high-grade-intercepts-to-expand-deep-feeder-zone-500/
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