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 draftpickon May 30, 2017 4:29pm

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Post# 26302533

Gold Newsletter LIO update

Brien Lundins update on Lion One: Lion One Metals (LIO.V; LOMLF.OB; C$0.70) continues to ply its Tuvatu gold project in Fiji with a surface drill and an underground rig. Since October 2016, the company has completed 6,493 meters of diamond drilling comprised of 5,744 meters of surface drilling and 739 meters of underground drilling. Current drilling is testing areas that have hosted high-grade intercepts like 252.64 g/t gold over 4.22 meters (Hole 160) and 14.09 g/t gold over 8.85 meters (Hole 207). Work continues on the development front at Tuvatu as well, with a dewatering program on an exploration decline and secured contracts for engineering studies. Lion One remains a smart play on gold exploration and development in a safe mining jurisdiction. Its still a buy.

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