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Lion One Completes Data Review of the Banana Creek Target In the Navilawa SPL Adjacent to the Tuvatu Gold Project
North Vancouver, British Columbia--(Newsfile Corp. - November 30, 2017) - Lion One Metals Lim...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Completes Data Review of the Banana Creek Target In the Navilawa SPL Adjacent to the Tuvatu Gold ProjectUp to 46.3 g/t gold in rock-chips and anomalism over 500 metres x 750 metresNorth Vancouver, British Columbia--(Newsfile Corp. - November 30, 2017) - Lion One Metals Limited (TSXV: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSE: LY1) (the \"Company\") is pleased to announce that following the recently announced award of the Navilawa Special Prospecting Licence (SPL 1412) it has completed a first-pass compilation of data over the Banana Creek Target 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 Banana Creek Target Located only 3 kilometres northeast of the Tuvatu Gold Project Accessible by roads and tracks 114 selective rock chip samples >1g/t gold 46.3 g/t gold peak value in selective rock sample results 160 g/t silver, 2.1% lead, 0.33% zinc peak values in selective rock sample results 1.6 x 0.6 kilometre hydrothermal alteration system defined by radiometric data 750 x 500 metre gold in soil anomaly 6 individual mineralised lodes identified in previous surface work 19.5 g/t gold over 0.4 metres in previous reconnaissance drilling Presents a target for exploration work and to potentially enhance the Tuvatu Gold Project One of eleven exploration targets in the recently acquired Navilawa License Historic Results The samples in this press-release are compiled from reports and data provided by the Fiji Government Mineral Resources Department and contain information reported by previous explorers in the area. Whilst every effort has been made to review historic reports and check the data, the samples were collected by previous explorers and cannot be fully verified. Company geologists have visited the project and reported lode style of mineralisation visually similar to Tuvatu, however, the original sample security, laboratory, and assay method cannot be fully verified by the Qualified Person / Competent Person other than disclosure taken from previous company reports. These results are hence considered 'historic' and are presented as a guideline only. As a result, the assays reported in this release are not to be considered necessarily representative of the overall system. The Company intends to collect new data in this area, and al...