Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Dec 11, 2019 11:55pm
185 Views
Post# 30446454

equations

equations It seems that Tuvatu/Navilawa (TN) checks about every box, in all ways, when you compare it to Emperor/Vatakoula (EV) for being twins.  Even so, a person may have chalked all this up to just hopium and speculatatite, except they found the high grade resource at Tuvatu.! 
         When the Emperor geologists who came down got well  into exploring it, and saw what they had, they may well have said, ‘Eureka!, Emperor the 2nd!. …… (although the mine up north had found 2,000 g/t AU vs only 1,650 g/t , 50 km  south.)
     So if EV = LAGS (large alkaline gold system) and TN = EV, then TN = LAGS is a very good possibility.  Add to this that it seems TN may have a larger area of good prospecting. With that in mind the following information is pretty intriguing.

…….. Alkaline igneous rocks of the Navilawa caldera host the Tuvatu low-sulfidation epithermal gold deposit………. highlights the potential presence of a large gold telluride system in the Navilawa caldera, in addition to the gold resource in the Tuvatu prospect  There are strong geological similarities,  (including Au–Tellurium (Teluride) between the metallic mineralization in the Navilawa caldera and elsewhere in the SW Pacific Ocean at the Emperor, Porgera, Acupan, Mt. Kare, and Lihir deposits….

…….. Epithermal gold telluride deposits constitute some of the world’s largest sources of gold and occur in igneous rocks of alkaline (e.g., Cripple Creek, Colorado), to calc-alkaline afnity.  Included in the group of epithermal deposits genetically related to alkaline igneous rocks is the Emperor gold–silver telluride deposit, Fiji, which contains approximately 10 Moz of Au.

….The world-class epithermal gold deposits Cripple Creek, USA,  Emperor, Fiji, and (Lihir) and Porgera, Papua New Guinea  are all hosted by potassic  calc-alkaline or alkaline rocks.
 
  From an abstract in Researchgate about alkaline gold systems:  
 
…..It is significant that the … gold telluride veins are hosted by alkaline igneous rocks, as this metallogenic association has attracted much attention due to a possible connection between the magmatism and the mineralization. Indeed, numerous studies of gold telluride deposits have suggested that tellurium and gold in these deposits mostly originated from the spatially and temporally associated alkaline magmas …..;Cripple Creek, Colorado, …..Emperor, Fiji, …..Porgera,….

     The economic importance of gold telluride mineralization results from the fact that some of these deposits are giants in terms of ore reserves.  A possible explanation for this association is that it may reflect enrichment of tellurium in the lithospheric mantle, possibly by sediment recycling……According to this explanation, the tellurium is transported into the crust by the rift-related alkaline magmas that also originate in this environment. ...

 …… Alkalic Au-(Cu) porphyry deposits include some of the world's highest-grade porphyry gold resources and some of the largest gold accumulations in epithermal environments (e.g., Cripple Creek and Lihir).
   . High-K alkaline magmatism is spatially and genetically associated with gold mineralization worldwide …… Such activity has produced a number of considerable gold deposits, including the Cripple Creek gold deposit in the United States, the Kirkland Lake gold deposit in Canada and the Emperor gold deposit in Fiji.
 
Eureka
 
https://www.researchgate.net/publication/284491480_Gold_deposits_related_to_alkaline_magmatism

Bullboard Posts