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Bullboard - Stock Discussion Forum 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... see more

TSXV:LIO - Post Discussion

Lion One Metals Ltd > Great Results from 30 In-Filling Drill Holes
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Post by LondonInvest on Nov 30, 2021 4:35am

Great Results from 30 In-Filling Drill Holes

North Vancouver, B.C., November 30, 2021 – Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce results from the infill drill and re-sampling program undertaken in the near-surface portion of the Tuvatu deposit.  This program was designed to further strengthen the database in the portion of the deposit earmarked for earliest production, from the Company’s 100% owned Tuvatu gold project in Fiji.

  • 5,615m of infill drilling completed in 30 holes (~70% of the proposed program)
  • 600 additional data points generated from infill resampling of 12 historic holes  

Highlights from near-surface infill drilling and re-sampling include:

20.61 g/t Au over 7.50m inc. 89.03 g/t Au over 1.50m, and 227.3 g/t Au over 0.30m from TUDDH545
21.34 g/t Au over 2.50m inc. 38.25 g/t Au over 1.30m, and 52.27 g/t Au over 0.30m from TUDDH54
33.52 g/t Au over 2.40m inc. 185.60 g/t Au over 0.40m from TUDDH553
9.13 g/t Au over 2.59m inc. 74.58 g/t Au over 0.30m from resampling of historic hole TUDDH362

Link
https://liononemetals.com/2021/11/lion-one-reports-additional-high-grade-intercepts-from-infill-drilling-at-tuvatu/
Comment by LondonInvest on Nov 30, 2021 4:40am
Today's news release is only for 7 of the holes, they have another set still pending: Final results received to date from holes drilled as part of the infill program are for 7 holes only (TUDDH541-553).  All results for holes TUDDH554-562 remain pending.
Comment by sonic21 on Nov 30, 2021 6:27am
Plus 3 holes hitting the 500 root feeder zone. They are clear gearing towards production.
Comment by LondonInvest on Nov 30, 2021 6:35am
Agreed, this should remove alot of uncertainty that has been swirling.  See the visible gold in Press Release as well for 13.5m and 165m depths, the results for these two holes has not even been released yet!
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