Northern Miner article on LION from 2012.- June 2012
....Tuvatu, however, was the prize that Berukoff wanted to keep. Part of the reason was because the project offered aspects of both an early stage greenfield exploration camp and a more developed project with a feasibility study already completed on a small portion of the property.
The study only considered the Tuvatu deposit itself. What excites Berukoff and his team are gold showings in outlying areas that could yield a series of new deposits.
Optimism is being fuelled by early stage exploration work and the broader geological story of the region, as mineralized calderas in the South Pacific often host multiple gold deposits. This is the case at the nearby Vatukoula mine, which exploits seven distinct deposits.
Trenching and IP results indicate that the (Tuvatu) deposit could extend west and cover 1.5 km of strike length. Berukoff, who has an enviable list of past mining success, has a hard time containing his enthusiasm for his latest endeavour. “This is the dream of my life,” he says.
“Emperor needed production immediately at Vatukoula, and they had enough ounces there to go forward,” (at Tuvatu) he explains.
“But for us we looked at Tuvatu as if it could be in the middle of a goldfield. And we have proven to ourselves that we are indeed a large system.”