Business
Lion One Announces Strategy for Drilling Its New High-Grade Discovery at Tuvatu
North Vancouver, British Columbia--(Newsfile Corp. - November 4, 2020) - Lion One Metals Limi...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Announces Strategy for Drilling Its New High-Grade Discovery at TuvatuNorth Vancouver, British Columbia--(Newsfile Corp. - November 4, 2020) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce that it has developed long-term plans for drilling its new high-grade discovery beneath the exiting Tuvatu resource. Recognizing certain surface access limitations resulting from steep topography to the east and south of the high-grade discovery as well as the need to undertake continuous drilling through the wet season, Lion One has ordered two new, deep capacity underground diamond core drill rigs from a North American supplier. Arrival of the shipment of these drills and accompanying tooling to Fiji is expected by January 2021. Summary of significant Au intercepts in holes TUDDH500, TUDDH500w1 and TUDDHw2:Drill HoleFrom (m)To (m)Drilled Interval (m)Au (g/t)TUDDH500*506.35506.750.42.53511.15512.171.022.09including511.15511.450.35.38558560246.70including559559.50.5144.00571583.712.755.43including579583.74.7144.81and582.8583.70.9582.33and582.8583.10.31,400.00659660.51.51.94671.3671.60.310.5576476511.70TUDDH500w1**508.4509.91.54.60including508.4508.70.316.43562562.60.66.75including562562.30.312.51580.9581.80.99.30including580.9581.50.612.84591.6594.93.385.70including592.2592.50.3305.00and594594.60.6255.00including594.3594.60.3304.5062062221.00632632.50.56.43Drill HoleFrom (m)To (m)Drilled Interval (m)Au (g/t)TUDDH500w2601.0609.58.53.14including604.0607.03.06.36612.0614.02.02.69625.5629.03.52.36633.0634.01.02.08665.8668.52.78.15including665.8666.70.921.37669.5671.01.55.28674.0680.56.57.32674.0675.51.525.64including674.0674.50.567.40685.5687.01.53.67750.1755.55.45.32including752.0752.50.535.11757.0759.52.54.48including757.0758.01.08.12763.0764.01.01.79*Previously announce in a Company news release dated August 16, 2020**Previously announce in a Company news release dated August 30, 2020 In preparation for the arrival of these new drills, Lion One's technical crew has begun preparing multiple drill stations within the existing Tuvatu decline and other underground workings. Underground drilling allows certain advantages including: 1) decreasing the length of holes needed to reach target depth, 2) more favorable angles at which deep, steep high-grade structures ca...