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Lion One Commences Regional Geochemical Survey on the Tuvatu Alkaline Gold Project in Fiji
North Vancouver, British Columbia--(Newsfile Corp. - August 14, 2019) - Lion One Metals Limit...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Commences Regional Geochemical Survey on the Tuvatu Alkaline Gold Project in FijiNorth Vancouver, British Columbia--(Newsfile Corp. - August 14, 2019) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce it has commenced a regional geochemical survey on its Navilawa exploration tenement adjoining the mining lease on its 100% owned and fully permitted Tuvatu Alkaline Gold Project located on the island of Viti Levu in Fiji.\"Gold mineralization was first observed in the Navilawa Caldera over 80 years ago,\" said Lion One Managing Director Stephen Mann. \"Over the last 50 years some notable exploration syndicates and mining companies have worked in the area, but until Lion One secured tenure over the Navilawa volcanic complex, no single Company has been able to systematically explore the consolidated, district-scale project area.\"The first stage of the 2019 exploration program consists of a geochemical survey utilizing a gold exploration technique known as Bulk Leach Extractable Gold (\"BLEG\") to analyze the fine-grained gold fraction taken from stream sediment sample sites across the 7km diameter caldera. The BLEG survey over the Tuvatu mining lease and the immediate adjacent parts of the exploration licences (SML1283, SML1296, SML1465) is ongoing, whilst the second part of the program covering Navilawa SPL 1512 has recently commenced. The second stage of the 2019 exploration program consists of a caldera-wide geophysical survey utilizing the Controlled Source Audio-frequency Magnetotellurics (CSAMT) method, capable of obtaining high resolution subsurface 3D map imagery to depths of 1,000m below surface. The CSAMT survey will be utilized to evaluate the deeper structural framework of the mineral system and further refine drill targets. Lion One's technical advisor Dr. Quinton Hennigh commented \"Alkaline gold systems are notable not only for large high-grade gold deposits, but also for deep vertical profiles. At Tuvatu the majority of drilling has focused on a very small area approximately 600m long by 200m wide, within 300m of surface. There is no indication that the gold system diminishes at depth below Tuvatu, and it remains open laterally across 7km of highly prospective ground in the caldera. The nearby +11Moz. Vatukoula gold deposit has been mined...