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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 ctoivoon Jun 26, 2017 9:59pm
190 Views
Post# 26407889

Excellent update

Excellent update Everything is falling into place. Things are proceeding well it seems.  Slowly but surely.

I'm somewhat surprised the market hasn't grasped this fact and the company's  value yet. ............They will.  

      They envisage work will "proceed quickly" once agreements are done and that, that's their goal--to hit the ground running.  Much of the ground work has already been done. (though they don't want to say much about it for some reason.)
The US $ 50 million market cap greatly undervalues LION.

        " Slash the existing exploration decline" means widening/ enlarging. I was told quite some time ago that this was in store, in order to fit larger vehicles and machinery.  They also said , then, that  the new and the original declines will be meeting up underground, which makes sense.

    Looking forward to new drill results.

    Can't wait til they get on with it.  

Pick a bid and set about mining, already.!
    
Bullboard Posts