Lion One Metals Ltd V.LIO

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

Metals & Mining Gold

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.

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Lion One Metals Ltd

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Post by bobcat16on Sep 18, 2012 11:19am

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Post# 20379685

MOVING FORWARD (2)

Lion One continues to move the Tuvatu Gold Project forward towards production
1. Recent diamond drilling expands known gold reserves.
2. Metallurgical tests conducted by Gekko Systems Pty Ltd. have enhanced the company’s understanding of earlier feasibility study by Bateman Engineering.
3. Lion One plans to include this data in its submission to the Mineral Resource Dept. Fiji “in anticipation of securing formal permitting required for the commencement of mining operations, extraction and processing.”
4. Expanded diamond drill exploration continues.
Note for gold: The U.S. has announced QE 3. The Euro Zone as well as some BRIC countries have announced stimulus programs. Some ‘experts’ are predicting $2,000/oz. gold by the end of 2012. These decisions bode badly for certain currencies but well for gold stocks.
Details: www.liononemetals.com
Trading symbols: (LIO: TSX) (LOMLF: OTCQX) (LY1: FSE)