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Lion One Drills High-Grade Feeder Mineralization in Diamond Drill Hole TUDDH500
North Vancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - Lion One Metals Limited...
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[{"type":"text","content":"Lion One Drills High-Grade Feeder Mineralization in Diamond Drill Hole TUDDH500North Vancouver, British Columbia--(Newsfile Corp. - July 24, 2020) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce that assays support that diamond drill hole TUDDH500 has intersected high-grade feeder style mineralization at its 100% controlled Tuvatu alkaline gold project, Fiji. Highlights:Two high-grade intervals were encountered between down hole depths of 558.0 and 583.4m including 2m grading 35.28 gpt Au starting at 558.0m followed by 12.7m grading 46.14 g/t Au starting at 571.0m. The latter interval includes a sub-interval of 4.7m grading 120.16 g/t Au with an exceptionally high-grade core of 0.9m grading 506.4 g/t Au.TUDDH500From (m)To (m)Drilled Interval (m)Au (g/t)558560235.28incl559559.50.5105.00571583.712.746.14incl579583.74.7120.16incl582.8583.70.9506.40incl582.8583.10.31,310.00and 583.1583.4 0.3 130.50  (True widths of these intercepts are not determined. No previous drilling has been undertaken in this area below the known deposit thus making interpretation difficult at this stage of exploration.)Hole TUDDH500 is at its current depth of 641.40m en route to its targeted depth of 1,000 m. Completion of the hole is expected within the next couple weeks. Lion One is taking great care to maintain the integrity of this hole to ensure that it reaches target depth.These high-grade intercepts occur above the targeted convergence of the main Tuvatu lode system projected to be encountered between down hole depths of 650 and 900m. Current results combined with those yet to come as the hole deepens will put Lion One in a better position to interpret whether these high-grade intercepts represent new lodes or rather a more complicated structural regime in which the main Tuvatu lodes connect.High-grade mineralization encountered in hole TUDDH500 displays characteristics typical of feeder style mineralization in alkaline gold systems (Figure 1). Predominant vein minerals include a combination of quartz, potassium-rich hydrothermal feldspar called adularia and carbonate minerals. The dark gray host monzonite wall-rock is also flooded with these minerals generating lighter shades of gray. Vugs, or open spaces are evident in some veins. Green, vanadium-rich mica called roscoelit...