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Lion One Commences Drilling and Exploration Program at Tuvatu Gold Project in Fiji
North Vancouver, British Columbia--(Newsfile Corp. - April 24, 2019) - Lion One Metals Limite...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Commences Drilling and Exploration Program at Tuvatu Gold Project in FijiNorth Vancouver, British Columbia--(Newsfile Corp. - April 24, 2019) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce that drilling has commenced on its 100% owned and fully permitted Tuvatu gold project located on the island of Viti Levu in Fiji. The initial drilling program will test shallow dipping lodes in the HT Corridor; a mineralized zone cross-cutting the principal vein system of the Tuvatu resource, inside the mining lease (SML 62), in close proximity to the planned mill site. The HT Corridor is in excess of 25m wide currently drill tested to approximately 200m depth. It is characterized by wide, highly fractured zones with biotite and potassium feldspar alteration and high-grade gold. The zone remains open along strike and down dip of previous drilling. At surface the structures of the HT Corridor have been mapped for over 1 km to the northeast and 2 km to the southwest of the resource area. Previous drilling in the HT Corridor (see Oct. 16, 2017 news release) encountered numerous intervals of near surface high grade mineralization, including the following results: TUDDH 463: 9.08 g/t Au over 11.01 m from 80.79m, including 15.30 g/t Au over 5.18mTUDDH 469: 20.29 g/t Au over 4.77 m from 21.50m, including 51.84 g/t Au over 1.83mTUDDH 467: 7.13 g/t Au over 4.45 m from 214.45m, including 14.96 g/t Au over 1.75mTUDDH 442: 35.02 g/t Au over 2.77m from 49.20m, including 6.83 g/t Au over 3.22m The Company intends to follow up on this close proximity drilling with more ambitious step out drilling within 500m of the existing resource, where at least 6 areas appear to potentially host extensions of this expansive vein system. Further drilling from the Tuvatu resource, particularly at Banana Creek in the upper reaches of the Navilawa Caldera will be planned following the results of BLEG geochemistry sampling and a CSAMT geophysical survey to be carried out in coming months (see Apr. 8, 2019 news release). The exploration work described herein will be carried out under the guidance of Lion One's technical advisor Dr. Quinton Hennigh.The majority of previous drilling on Tuvatu was completed within 300m from surface, with very little drilling completed below vertical depths of 400m....