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Field Sampling Returns High-grade Gold from Lion One's Navilawa Tenement at Its Tuvatu Alkaline Gold Project
North Vancouver, British Columbia--(Newsfile Corp. - February 19, 2020) - Lion One Metals Lim...
About this update from Lion One Metals Limited
[{"type":"text","content":"Field Sampling Returns High-grade Gold from Lion One's Navilawa Tenement at Its Tuvatu Alkaline Gold ProjectNorth Vancouver, British Columbia--(Newsfile Corp. - February 19, 2020) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce that that recent surface sampling at its new Navilawa exploration license, part of its 100% controlled Tuvatu alkaline gold project, Fiji, has returned high-grade gold assays (please refer to the table below for a summary of results). Prospecting has been geared to follow up on strong bulk leach extractable gold (\"BLEG\") stream sediment samples collected in 2019. HighlightsRecent surface samples from nine new targets yield significant gold assays. Notable high-grade channel sample results include: 19.4 gpt Au over 0.85 m, 10.83 gpt Au over 1.00 m and 35.30 gpt Au over 0.45 m at Banana Creek. 60.4 gpt Au over 0.40 m, 94.8 gpt Au over 0.40 m, 17.90 gpt Au over 0.75 m and 83.60 gpt Au over 0.45 m at Biliwi. 12.55 gpt Au over 1.85 m at Central Ridge. 6.26 gpt Au over 0.90 m at Kingston. 32.30 gpt Au over 0.65 m, 35.88 gpt Au over 0.60 m, and 53.60 gpt Au over 0.13 gpt Au at Matanavatu.7.85 gpt Au over 0.61 m at Qalibua.  Although early stage, these results indicate high prospectivity along a 6 km long corridor extending northeastward from the Tuvatu resource. As more data is collected, Lion One anticipates developing a pipeline of new drill targets in this area.BLEG results indicate more gold sources are likely present within the Navilawa license. Lion One plans aggressive expansion of the prospecting area as well as follow up of these encouraging results.\"Building a pipeline of new, high quality drill targets outside of the Tuvatu resource is one of our main objectives at Lion One,\" commented Dr. Quinton Hennigh, technical advisor to Lion One. \"Once access was granted to our new Navilawa tenement, we began to explore. Over the past few months, we conducted BLEG sampling which indicated the entire northern half of the caldera is prospective. Now that we are opening up roads, we are able to see numerous mineralized exposures. These first surface sample results are very promising, and, coupled with recently announced results from our controlled-source audio-magnetotelluric surveys that show robust st...