LION ONE ANNOUNCES GOLD BEARING CHANNEL SAMPLES @LION ONE ANNOUNCES GOLD BEARING CHANNEL SAMPLES @ TUVATU
Lion One is using the ‘tried and tested’ method of finding gold: “Look for gold where it has been found before.” Starting at the portal of the Tuvatu exploration decline, in which very high grade gold-bearing veins have been discovered, Lion One has trenched and chip sampled along various shear zones ranging up to 60 meters wide that can be traced along a five kilometer strike length. A total of 800 meters of trenching, out of the initial 1000 meter program, have been completed. Further assays are pending. Some recently identified occurrences have returned assay results up to 290 g/t Au.
The initial trenching program is to identify a series of relatively shallow drill targets, the success of which, could lead to the discovery of a low cost open pit operation to compliment the high grade underground mining.
The company is convinced that Tuvatu is part of a high grade gold system that remains open at depth and along strike in all directions, well outside the area previously delineated as the TUVATU RESOURCE AREA. Management’s vision goes well beyond the confines of the Tuvatu decline.
For details on today’s news release (02-16-2011) as well as Lion One Metals, check the company’s excellent web site: www.liononemetals.com