Business
Lion One Commences Mining on Second Lode System at Tuvatu
High-Grade Assays Received from the First Cut on URW1 Lode North Vancouver, British Columbia--(N...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Commences Mining on Second Lode System at TuvatuHigh-Grade Assays Received from the First Cut on URW1 LodeNorth Vancouver, British Columbia--(Newsfile Corp. - May 18, 2023) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce that it has commenced mining on the URW1 lode at its 100% owned Tuvatu Alkaline Gold Project in Fiji.Strike driving has reached the URW1 Lode and the first underground images of the lode have been received (Figure 1). The initial intersection of the lode revealed one primary vein and numerous stockwork style veins. Visible gold was observed in multiple locations on the face of the lode and within four different fracture orientations (Figure 2). Three of these fracture orientations are sub-parallel to the grade control drill axis and would therefore be difficult to identify given their orientation relative to the grade control drilling (Figure 3). A sample line was completed perpendicular to the main vein, and a grab sample was collected from the foot of the face.Highlights of the initial face sampling on URW1 are as follows:51.2 g/t Au over 0.56 m117.48 g/t Au over 0.19 m37.99 g/t Au over 0.19 m58.68 g/t Au (grab sample)Figure 1. URW1 face and select samples. Face of URW1. Red lines indicate the approximate locations and widths of select chip samples collected from the sample line, dashed red circle indicates the approximate location of the grab sample, and small red circles indicate the locations of visible gold on the face. Gold grades in g/t are indicated in yellow.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2178/166597_5744e25494303b1b_001full.jpg.Figure 2. Visible gold. A), B), C) Close-ups of visible gold highlighted in Figure 1, with gold circled in red. Width of each image is approximately 10-15cm.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2178/166597_5744e25494303b1b_002full.jpg.Figure 3. Fracture orientations vs orientation of grade control drilling. Grade control drilling (red arrow) is oriented perpendicular to the URW1 lode (blue rectangle). Shapes A, B, C, and D represent the approximate orientations of the gold bearing fractures within the URW1 lode. Orientations B, C, and D are sub-parallel to the ...