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Lion One Announces New Regional Gold Discovery 2 km Northeast of Tuvatu Alkaline Gold Project in Fiji
Batiri Creek Vein: Surface Channel Sample Returns 13.27 g/t Au over 4.0m North Vancouver, Bri...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Announces New Regional Gold Discovery 2 km Northeast of Tuvatu Alkaline Gold Project in FijiBatiri Creek Vein: Surface Channel Sample Returns 13.27 g/t Au over 4.0mNorth Vancouver, British Columbia--(Newsfile Corp. - August 29, 2022) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce a new regional high grade gold discovery, the Batiri Creek Vein, located in the Navilawa Caldera 2 km northeast of the Company's 100% owned, fully permitted Tuvatu Alkaline Gold Project in Fiji. The Batiri Vein discovery is credited to the Lion One Fiji exploration team's regional benching and surface sampling program targeting new gold bearing systems in under-explored regions peripheral to Tuvatu in the surrounding Navilawa Caldera. The new structure is characterized by an intense zone of veining on a lithological contact between monzonite and andesite, with two significant N-S and NE-SW oriented structural intersections. The lithological contact and structural intersections observed in the Batiri Vein are comparable to the lithological contact and structural intersections observed from deep extensional drilling in the 500 Zone below the Tuvatu resource where Lion One recently reported the longest and highest-grade intercepts yet recovered at Tuvatu, including 20.86 g/t Au over 75.90m from TUG 141 (see NR dated June 6, 2022) and 12.22 g/t Au over 54.90m including 20.10m @ 23.03 g/t Au from TUDDH 601 (see NR dated Aug. 15, 2022).Highlight intercepts from surface benching/channel sampling program include:Surface Channel: Batiri Vein (CH3047-CH3048)13.27g/t Au over 4.0m at surface including:36.10 g/t Au over 1.0m and17.91 g/t Au over 0.80m Other results from the Batiri Vein include:Channel CH2765 with 2.63g/t Au over 1.0m Channel CH2834 with 3.32g/t Au over 0.3mChannel CH2789 with 3.54g/t Au over 0.3m Channel CH2946 with 3.42g/t Au over 0.4mChannel CH3073 with 3.32g/t Au over 1.0mLion One is planning a regional drill program for the Batiri Vein target. The Company now has eight drill rigs, with the pending delivery of the latest two rigs expected around mid-September. The Company currently has two drilling programs underway, including Zone 5 infill drilling on the Tuvatu resource, and deep extensional drilling in Zone 500 below the Tuvatu resource. The Company has now dril...