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Lion One Discovers Copper Porphyry Mineralization at Tuvatu
Drilling intersects multiple zones of extensive copper mineralization up to 210.8 m in length No...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Discovers Copper Porphyry Mineralization at TuvatuDrilling intersects multiple zones of extensive copper mineralization up to 210.8 m in lengthNorth Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce the discovery of copper porphyry-style mineralization in a newly identified mineralized system 1 km northeast of the company's 100% owned Tuvatu Alkaline Gold Project in Fiji.Porphyry style mineralization was discovered from surface drilling at the Wailoaloa prospect as part of the company's regional exploration program. Bench sampling in the area revealed a wide stockwork area of anomalous copper, gold and tellurium mineralization at surface. An initial drillhole (TUDDH-662) was designed to follow up the surface results. The Lion One geological team identified porphyry-style mineralization and alteration downhole and three subsequent drillholes were drilled to follow-up this discovery: TUDDH-669, TUDDH-679, and TUDDH-687. The last of these drillholes, TUDDH-687, intersected three separate zones of anomalous copper mineralization, ranging from over 120 m to over 200 m in downhole length. Copper mineralization is strongly correlated with anomalous gold mineralization downhole. Pervasive propylitic and potassic alteration was observed in TUDDH-687 with the intensity of potassic alteration increasing with depth down the hole. Copper mineralization occurs as chalcopyrite, bornite, and native copper. Mineralization remains open in all directions.The discovery of copper porphyry mineralization at Tuvatu is an exciting development for the company. The Navilawa Caldera is known to host high-grade alkaline gold mineralization yet it has also been explored historically for copper. A large copper-gold system has long been hypothesized at depth. The drill holes included in this news release represent the first drill holes ever drilled to test for such a porphyry target. To have intersected multiple zones of extended copper mineralization at this stage of the Wailoaloa exploration program is very encouraging and indicates the potential for a much larger system nearby.Table 1. Highlights of exploration drilling at Wailoaloa. For full results see Table 3 and Table 4 in the Appendix.Hole IDFromToInterval (m)Cu...