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Lion One Announces Purchase of 2 Additional Drill Rigs and Doubles the Sampling Capacity of Its Assay Lab at Tuvatu, Fiji
North Vancouver, British Columbia--(Newsfile Corp. - March 1, 2022) - Lion One Metals Limited...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Announces Purchase of 2 Additional Drill Rigs and Doubles the Sampling Capacity of Its Assay Lab at Tuvatu, FijiNorth Vancouver, British Columbia--(Newsfile Corp. - March 1, 2022) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce plans to expand its drilling and sampling capacity through the purchase of two additional drill rigs and expansion of its laboratory serving the Company's fully permitted high grade Tuvatu Alkaline Gold Project in Fiji. TWO NEW DEEP CAPACITY RIGS PURCHASED FOR TOTAL OF 8 DRILL RIGS IN TUVATU FLEETCAPACITY OF LION ONE LABORATORY TO EXCEED 12,000 SAMPLES PER MONTHLion One's Senior Vice-President Exploration Sergio Cattalani commented, \"Our best performing rigs have been two Canadian-made rigs, readily convertible from electric to diesel powerpacks, delivering an enviable average combined, drilling production rate of approx. ~CAD$43 per meter, exclusive of analytical cost.\"Phase 2 of the infill drilling program now underway will keep 3 rigs busy for the remainder of the 2022 exploration season. Ongoing deep target testing at Tuvatu will continue to rely on at least one surface and one underground rig, and with the dry season around the corner, some rig capacity will be required for testing of regional targets. Access to two additional rigs will provide the project with complete flexibility to deploy these high-performance rigs both underground and on surface, either at Tuvatu or on regional targets, or both, as required by our aggressive exploration and infill drill programs. Delivery is expected to take approximately 12 weeks.The Company is also pleased to announce that the on-site analytical laboratory will be expanded to better meet its combined exploration drilling and underground development needs moving forward. The lab expansion will consist of new furnaces, including one additional 50 X 7A electrical cupellation furnace, an LPG-fuelled fusion furnace, a new 50-pot pouring system, and a new sample drying oven. Modifications to the lab itself include the addition of an LPG tank, construction of a concrete plinth and installation of underground gas lines, as well as various electrical upgrades, galvanized ducting, range hood and final installation and testing of all new equipment. Prior to the projected expansion, the la...