Business
Lion One Drills Additional High Grade Intercepts at Tuvatu Gold Project in Fiji
Latest Results Include High Grade Intercepts from Deep Step-Out Drilling North Vancouver, Bri...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Drills Additional High Grade Intercepts at Tuvatu Gold Project in FijiLatest Results Include High Grade Intercepts from Deep Step-Out DrillingNorth Vancouver, British Columbia--(Newsfile Corp. - July 7, 2021) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce its latest high-grade gold intercepts including deep step-out intercepts from drilling at its 100% controlled Tuvatu alkaline gold project, Fiji. HighlightsTwo deep step-out high-grade intercepts:6.00m grading 9.11 g/t Au including 1.20m grading 33.81 g/t Au from 444m in hole TUDDH5262.15m grading 17.70 g/t Au including 0.30m grading 122.00 g/t Au from 505.65m in hole TUDDH528 Further confirmation of vertical continuity and alkaline gold system modelUnderground drilling and development progressing; drilling imminent at Banana Creek The Company is undertaking three tiers of drilling: 1) shallow resource infill drilling from surface, 2) resource infill drilling from underground and 3) deep exploration drilling looking for lode extensions under the Tuvatu resource and soon, other target areas within the Navilawa caldera, the first being Banana Creek, 3.5 km NE of Tuvatu. Lion One's aggressive 2021 drill campaign is well underway.Recent results include: Two deep intercepts including 6.0m grading 9.11 g/t Au beginning at a down hole depth of 444.0m in hole TUDDH526 and 2.15m grading 17.70 g/t Au beginning at a down hole depth of 505.65m in hole TUDDH528. Both of these intercepts are from previously untested areas beneath the Tuvatu resource. It is believed that the former intercept occurs within the UR4 lode, an indication there is a large panel of this lode open for further testing. The latter intercept is potentially associated with the \"500\" lode, nearly 75m above a high-grade intercept encountered in hole TUDDH500, 12.7m grading 55.43 g/t Au, intercepted last year.Numerous lode intercepts occurring within shallower parts of the Tuvatu gold system. Most notably:6.47m grading 17.90 g/t Au including 0.35m grading 138.50 g/t Au (unknown lode) in hole TUDDH5281.2m grading 8.85 g/t Au (UR4FW lode) in hole TUDDH5261.27m grading 11.58 g/t Au including 0.32m grading 40.94 g/t Au (M2FW lode) in hole TUDDH5282.10m grading 10.41 g/t Au including 0.75m grading 16.99 g/t Au (UR2 lode) in hole TUDDH5280.3m gra...