Bullboard - Stock Discussion Forum Lion One Metals Ltd V.LIO

Alternate Symbol(s): LOMLF | V.LIO.WT

Metals & Mining Gold

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

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TSXV:LIO - Post Discussion

Lion One Metals Ltd > 14 ounces per ton soon to be mined

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Post by nozzpack on May 07, 2024 7:57am

14 ounces per ton soon to be mined

Assay results are presented here for infill and grade control drilling completed in the Zone 2 area of Tuvatu and include multiple bonanza grade gold results such as 448.98 g/t,( 14 ounces ) 202.34 g/t,( 6.5 ounces 108.5 g/t,( 3.3 ounces 92.89 g/t, ( 2.9 ounces ) and 82.35 g/t. ( 2.6 ounces ).

The average is about 6 ounces per ton which means that each ton entering the mill is valued at $21000 US.

Just 100 ounces gets us $2 million in revenue ...

These drill intercepts are all located in the near surface portion of Tuvatu and are scheduled for mining in the short term.

The results included in this news release are from drill holes that targeted the URW1 and Murau lode systems proximal to underground development.

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