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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

Post by nozzpackon Apr 29, 2024 4:45pm
96 Views
Post# 36013451

A Rarefied Investment

A Rarefied Investment My analyses indicate that whether it's Zone 2 or zone 5 or zone 500, gold grades are well above the world average of just under 1.5 grams per ton .

And average gold grades around the world are declining.
In short, it's becoming much more difficult to find not only high grade deposits of the order of 10 grams per ton but ultra high grade gold approaching 1 ounce per ton almost impossible .

My estimates of these three zones range from 20 grams per ton to 1 ounce per ton.

Reviewing the progress towards fully implemented stope mining and reaching 500 tpd milling capacity, we are one year ahead of the initial objective of 2025.

Also, we are moving out of the low grade stockpile and development commissining grades to the ultra high grades defined by grade control above, and getting closer to the high grade feeder zone 500

I am very pleased to be aboard this high grade mine that would rank in the top 5% by grade of gold mines in the world .


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