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Lion One Discovers Major New Gold Feeder Structure - 20.86 G/t Au over 75.9 Meters at Depth Beneath the Current Resource at Tuvatu, Fiji
North Vancouver, British Columbia--(Newsfile Corp. - June 6, 2022) - Lion One Metals Limited ...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Discovers Major New Gold Feeder Structure - 20.86 G/t Au over 75.9 Meters at Depth Beneath the Current Resource at Tuvatu, FijiNorth Vancouver, British Columbia--(Newsfile Corp. - June 6, 2022) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is delighted to announce the discovery of a major new feeder structure at its Tuvatu Alkaline Gold Project in Fiji. Hole TUG-141, targeting a complex network of high-grade structures called the 500 Zone, has encountered the longest high-grade intercept yet recorded at Tuvatu, 20.86 g/t Au over 75.9m, including 43.62 g/t Au over 30.0m which includes 90.35 g/t Au over 7.2m. The new discovery is located at depth beneath the current resource fully within the permit boundaries of the Tuvatu mining lease.High-grade intercepts from TUG-141 include:20.86 g/t Au over 75.9m from 443.4-519.3mincluding 35.25 g/t Au over 37.5m from 471.3-508.8mincluding 43.62 g/t Au over 30.0m from 477.6-507.6mincluding 90.35 g/t Au over 7.2m from 494.4-501.6mand notable individual high-grade assay intervals including:- 138.15 g/t Au over 0.30m from 450.9-451.2m- 396.16 g/t Au over 0.30m from 479.1-479.4m- 103.54 g/t Au over 0.30m from 498.6-498.9m- 340.07 g/t Au over 0.30m from 498.9-499.2m- 600.42 g/t Au over 0.30m from 499.5-499.8m- 244.37 g/t Au over 0.30m from 502.5- 503.1m- 230.18 g/t Au over 0.30m from 507.3-507.6m- 105.58 g/t Au over 0.30m from 518.7-519.0mLion One CEO, Walter Berukoff, stated: \"Like the initial discovery of the high-grade 500 Zone drilled two years ago, I believe this new robust high-grade gold feeder mineralization encountered by hole TUG-141 represents a substantial discovery for Lion One. The notable high grades and continuity of mineralization of this intercept demonstrate Tuvatu's potential to become a large-scale, high-grade underground gold mine. I have long encouraged our team to find that \"gold room\" at Tuvatu, and hole TUG-141 leads me to believe they have found it. We have only to look at other notable large alkaline Au deposits as direct analogues to better understand what this latest discovery tells us, and it is clear that the discovery of a major high-grade feeder such as this should be viewed as very promising. I am confident that Tuvatu will one day fall in the ranks of notable multi-million ounce Au deposits such as ...