Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by ctoivoon Jun 08, 2022 1:37pm
247 Views
Post# 34740973

LION

LIONSince there are a lot of new folks here, I thought I'd repost this.

 I posted this on stockhouse in the spring of 2015 from an abstract that I found.  A year or two later I noticed that LIO put a link up to the original abstract but soon took it down.

...Although geologic studies can make non geologists heads spin, I found parts of this one very  interesting and pertinent so I took out excerpts. It was referenced in the magnetic survey that Lion took their gravity map  which can be found in their presentation.
 
Tuvatu Gold-Silver Telluride Deposit, Fiji: Comparisons with the Emperor Deposit
 
                                                                    Abstract
The Tuvatu gold-silver telluride deposit with reserves of 13 t Au is the second largest gold deposit in Fiji after the large Emperor gold telluride deposit The deposits are 40 km apart and occur along the  250-km east-northeast trending Viti Levu lineament.
    They are spatially associated with alkaline rocks of almost identical age (~5.4–4.6 Ma) and having a shoshonitic affinity.
    The gold mineralization in both deposits is spatially and genetically related to monzonite intrusions and to a low-grade porphyry copper-style system.
      The Emperor deposit occurs along the margins of the Tavua volcano whereas the Tuvatu deposit may occur adjacent to an eroded shoshonite volcano. At both locations, low-sulfidation, epithermal gold telluride mineralization occurs in flat-lying veins, steep faults, shatter zones, stockworks, and hydrothermal breccias.  (At Tuvatu) Individual veins contain between 2 and 100 g/t Au, with the Upper Ridges veins containing the highest grades (5–100 g/t Au).
     Mineralization in both deposits formed in multiple stages and is characterized by the presence of quartz-roscoelite telluride veins in which gold-rich tellurides were deposited prior to silver-rich tellurides. Both deposits have gold grades of about 9 g/t and contain precious metal tellurides.
 
     Gold reserves for the Tuvatu and the Emperor gold deposits share several geological, geochemical, and geophysical attributes. These similarities suggest a common origin for the two mineralizing systems.       Both are associated with prominent regional-scale gravity anomalies along the Viti-Levu lineament.   The deposits are spatially related to monzonite intrusive and extrusive rocks of similar composition and of almost identical age.

      Porphyry and epithermal-style mineralization at the Emperor deposit is similar to in porphyry-style mineralization at the Tuvatu deposit.  Both deposits exhibit a genetic relationship between low-grade porphyry Cu mineralization and epithermal gold telluride mineralization, with the latter forming in flatmakes, steep faults, shatter zones, stockworks, and hydrothermal breccias in both deposits.
    These deposits also possess similar alteration styles, pyrite morphologies  paragenetic sequences, and telluride mineralogy. Although fluids responsible for porphyry-style minerallization at both places were likely boiling, those associated with the porphyry-style mineralization at Emperor were cooler (~350°C) and generally less saline (up to ~15 wt % NaCl equiv) than those associated with porphyry-style mineralization in the Tuvatu and H lodes in the Tuvatu deposit.
 
                                                 Implications for exploration

      The Tuvatu and Emperor deposits are low-sulfidation gold deposits hosted by alkaline igneous rocks and, in this respect, share geologic affinities with other low-sulfidation deposits in the southwest Pacific (e.g., Porgera, Papua New Guinea. )   Among these geologic similarities is the transition from porphyry- to epithermal-style gold mineralization at Porgera and Ladolam, (LIHIR), which is also apparent at Far Southeast-Lepanto, Philippines.
        In addition, there appears to be a genetic relationship between large epithermal gold deposits and spatially related satellite deposits or prospects. Examples include the Porgera and Mt. Kare deposits, which are 18 km apart , the Ladolam/Lihir  deposit and Conical Seamount occurrence, located 10 km apart , and the Emperor and Tuvatu deposits. In each of these examples, there is a strong similarity between the geologic setting, the composition of the igneous rocks genetically related to mineralization, and the precious metal mineralization and associated alteration for the large deposit and its satellite.
 
Interestingly, the gravity map on Lions presention shows Tuvato with apparently a  greater signature than Vatukoula. Perhaps Vatakoulu is the satelite of Tuvatu.  (which I believe)
 
From another abstract
“Exploration for epithermal gold mineralization along the Viti Levu lineament over the last two decades has identified additional prospects in the shoshonitic Ba and Koroimavua Groups in the Vuda, Ba, and Raki Raki areas and these also may be satellites of the Emperor and Tuvatu deposits.”
....Tuvatu may have  it’s own  high grade gold satellites close by?  Gotta like that.

<< Previous
Bullboard Posts
Next >>