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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 nozzpackon May 02, 2024 5:48am
135 Views
Post# 36018851

RE:Research Report….$3 target

RE:Research Report….$3 targetThe November 2023 CP puts mine development and exploration success in perspective..and adding recent data

Airleg mining is showing higher grades and wider vein intervals

on track to reach and begin mechanized mining of the ultra high grade Zone 500 in 2025

New discoveries are being made outside the PEA area 

Expansion of the mill to 500 tpd on track 

higher grades in the near surface of Zones 2 and 5 means higher production and lower cash costs

implications of the copper porphyry discovery

I havd also found a meta analyses of Alkaline magmatic gold discoveries .

Statistical confidence limits are quite wide but the Fiji curve suggests 10 billion tons and about 33 million ounces of gold which is right in the middle of these alkaline gold discoveries 

FWIW
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