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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  LOMLF | V.LIO.WT

Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the Government of Fiji with the grant of a Special Mining Lease (SML 62). The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Property comprises four special prospecting licenses (SPL 62), with a total area of 20,170.5 hectares. It also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets. It holds four exploration licenses for the Tuvatu properties as granted by the mineral resources department.


TSXV:LIO - Post by User

Bullboard Posts
Post by bobcat16on Aug 29, 2011 9:09pm
188 Views
Post# 18991463

NOW LUNDIN RECMMENDS !!!!!!!

NOW LUNDIN RECMMENDS !!!!!!!
Lion One Metals Ltd
Symbol C : LIO
Shares Issued 48,336,586
Close 2011-08-29 C$ 1.14
Recent Sedar Documents

Lundin says buy Lion One

2011-08-29 19:27 ET - In the News

Brien Lundin, in the August, 2011, edition of the Gold Newsletter, says buy Lion One Metals Ltd., recently $1.21. Mr. Lundin first said buy in December, 2010, at $1.35. (At the time, Lion One was called X-Tal Minerals Corp.) An investment of $1,000 at $1.35 is now worth $895. A monzonite (a type of igneous rock) at Lion One's Tuvatu project in Fiji has returned 1.6 grams per tonne gold over eight metres and 2.28 g/t gold over 3.2 metres. (Mr. Lundin talks about the monzonite at length, but makes no mention of promoter Wally Berukoff.) The project's previous operator, Emperor Mines Ltd., apparently ignored much of the monzonite, yet still managed to outline 600,000 ounces of gold resources. In addition, Emperor Mines' feasibility study for Tuvatu, released in 2000, says it is profitable to mine the 600,000-ounce resource; the price of gold then was only $300 an ounce. Mr. Lundin says buy Lion One at current "bargain basement" prices. He holds shares himself; he bought them in a private placement late last year, when X-Tal merged with American Eagle Resources Inc. to form Lion One. In the financing, X-Tal sold 11.5 million units (one share and one-half warrant) at $1.

Bullboard Posts