Business
Lion One Awarded Navilawa Caldera
North Vancouver, British Columbia--(Newsfile Corp. - November 21, 2017) - Lion One Metals Lim...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Awarded Navilawa CalderaLion One is Now the Premier High Grade Gold Exploration and Development Company in FijiNorth Vancouver, British Columbia--(Newsfile Corp. - November 21, 2017) - Lion One Metals Limited (TSXV: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSE: LY1) (the \"Company\") is excited to announce that Fiji's Minister of Mines has approved the grant of the new Navilawa Special Prospecting Licence (SPL 1412) adjoining the Company's fully permitted high grade underground Tuvatu Gold Project located on the island of Viti Levu in the Republic of Fiji. The Company now holds over 200 square kilometres of prospective ground in one contiguous exploration license area with a 385 hectare mining lease (SML 62) near its epicentre at Tuvatu. Navilawa highlights include: 102 square kilometres of new license area covering the underlying the Navilawa Caldera; one of Fiji's largest mineralized volcanic complexes Entirely encompassing the remaining portion of the Navilawa Caldera not already held by Lion One, consolidating its district-scale exploration potential for the first time Extensive mineralised system with surface gold anomalism inside and extending outside the 7 kilometre wide caldera rim 11 previously identified prospects for both gold and copper-gold (porphyry) targets, providing a new pipeline of exploration targets to complement the development stage Tuvatu Gold Project Significance and next steps Lion One is in the process of developing the Tuvatu Gold Project having recently commenced the construction phase of the project (see news release dated Nov. 14, 2017). In addition to Tuvatu, the Company has identified as several targets inside the permitted mining lease area to the south of Tuvatu and, with the new Navilawa Project, adds additional targets to the north. Through and after commissioning of the Tuvatu Gold Mine, Lion One aims to increase exploration on all the prospective tenure surrounding the Tuvatu Gold Project in order to provide the potential for expanded production scenarios and a long mine-life project.Lion One's geology team is currently reviewing the government's information file and previous company geological reports and data from the Navilawa Caldera in order to assess the priorities for additional work. The Company expects to release the assessment of the prospects in coming weeks.The Navilawa Project -...