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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

Comment by ctoivoon Nov 17, 2021 5:47pm
185 Views
Post# 34138287

RE:The new Decline

RE:The new Decline     Fiji opening up more will certainly help LION, particularly with imports of tools, machinery and supplies.  Covid delayed a number of things but after delays,  I believe they now have their big new generator going.   They were also waiting on a large, very long electrical harness but wound up assembling their own because of delays. This is likely  why  now they can readily use a second and perhaps a third underground electric drill. (diesel would be too noxious in a one way tunnel)  When they build the new decline, (sooner than later I hope) it will head 'tout de suite' to the exploration decline , not only because many of the gold lodes are near there but they need the ventilation for the diesel fumes, dust etc, and  a  second means of safely escaping.  (The main reason Vatakoula put in their latest shaft 2 years ago was for more ventilation). 
     The new decline will be large to fit their  large equipment. (and I believe they've built/are building a building to house the equipment and service them).......(I can't verify any of this stuff so take it with some salt.)

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