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Lion One Encounters Deep and Shallow High Grade Gold Mineralization at Tuvatu
North Vancouver, British Columbia--(Newsfile Corp. - January 18, 2021) - Lion One Metals Limi...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Encounters Deep and Shallow High Grade Gold Mineralization at TuvatuNorth Vancouver, British Columbia--(Newsfile Corp. - January 18, 2021) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce high-grade gold results from two recently completed drill holes, one deep and one shallow, at its 100% controlled Tuvatu alkaline gold project, Fiji.Highlights:Hole TUDDH514, a north-oriented diamond drill hole completed to a depth of 1,014.8m, tested an area approximately 100m vertically underneath and approximately 7m along strike from a deep high-grade lode (12.7m grading 55.43 g/t Au in hole TUDDH500) encountered by Lion One late in 2020 (please see a Company news release dated November 4, 2020 for more details). Two high-grade lodes were intersected in TUDDH514, 2.24m grading 13.31 g/t Au beginning at 495.60m including 0.35m grading 64.40 g/t Au and 3.47m grading 20.71 g/t Au beginning at 706.94m including an exceptionally high-grade subinterval of 0.23m grading 294.50 g/t Au. Interestingly, this hole also encountered a narrow intercept of 0.35m grading 10.52 g/t Au at a depth of 983.15m, the deepest mineralized intercept ever encountered at Tuvatu. A summary of significant Au intercepts from hole TUDDH514 is summarized below:HoleFrom (m)To (m)Length (m)Gold (g/t)TUDDH514196.50197.050.552.67423.67424.000.333.38443.00444.601.601.40456.75457.600.851.73463.35463.770.423.28495.60497.842.2413.31incl497.00497.350.3564.40549.32552.222.901.36616.45616.700.2512.40703.70707.173.4720.71incl706.94707.170.23294.50924.38924.750.371.16983.15984.901.752.54incl983.15983.500.3510.52 Note: true width of intersections are yet to be accurately determined due to the distance below the known resource, the numerous lodes intersected to date, and variability or oriented core data at depth.The orientation of the deep high-grade lode encountered by hole TUDDH500 and its wedge holes, and now hole TUDDH514, is confirmed to be northeast and near vertical. This confirmation allows Lion One to now plan further aggressive deep drilling to test this exciting target. The high-grade lode is open along strike, up dip, and at depth. Alkaline gold systems are known to continue to great depths.Utilizing the Company's shallow capacity drill, hole TUDDH518, an easterly-oriented diamond drill hole...