Lion One Metals Ltd V.LIO

New News---Momentum

[ctoivo]

  Although apparently little recognized, the company is gaining momentum.  Another highly experienced Pretium guy added to the team. Would be investors shouldn't wait to stake out their position. Quite a while back, I posted a metal's conference video of Mann saying the initial resource was just a subset of the eventual mine.  Many known veins were not  included and a lot more have been delineated since.  Once all is rolling, this will become known and our low market cap of  US $58 million will be history. Its a matter of months now. 

Mr. Li joins Lion One after serving three years as Project Controls Manager at Pretium Resources Inc. for the construction of the $1 billion Brucejack gold project in northern British Columbia. For Lion One, Mr. Li will oversee the design and fabrication of the Tuvatu processing plant, to be built in in China to North American and Australian engineering specifications, and its subsequent shipment, construction, and commissioning at the Tuvatu mine site in Fiji.
   Lion One also announces the following progress updates for current work in the development of Tuvatu:

• Completed evaluation of the Engineering, Procurement, and Construction (EPC) proposals. Contract to be awarded following final negotiations with remaining EPC candidates in China;
• Ongoing evaluation of bulk earthworks construction proposals. Contract to be awarded as soon as possible to enable completion of run of mine (ROM) stockpile facility prior to end of 2017 dry season;
• Ongoing evaluation of Underground Contract Mining proposals. Contract to be awarded as soon as possible to enable significant preproduction mining and stockpiling of ROM material prior to mill commissioning;
• Tuvatu Analytical Laboratory tendered for construction, to be located at Lion One compound, 16 km from mine site for expedited exploration and grade control sample assaying.