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Lion One Encounters Multiple High-grade Gold Intercepts at Its Tuvatu Alkaline Gold Deposit, Fiji
North Vancouver, British Columbia--(Newsfile Corp. - December 18, 2019) - Lion One Metals Limi...
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[{"type":"text","content":"Lion One Encounters Multiple High-grade Gold Intercepts at Its Tuvatu Alkaline Gold Deposit, Fiji4.29 Meter Interval of 33.22 G/T Gold Intersected 70 Meters Below Current ResourceNorth Vancouver, British Columbia--(Newsfile Corp. - December 18, 2019) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to report that it has encountered multiple high-grade gold intercepts in its first deep diamond drill hole at its 100% controlled and fully permitted Tuvatu Alkaline Gold Deposit, Fiji. Highlights:- The first of a series of four deep diamond drill holes, TUDDH493, oriented eastward at an inclination of 55 degrees and drilled to a depth of 536.90 m, encountered high-grade gold mineralization at the bottom of the current delineated resource. Results for hole TUDDH493: From (m)  To (m)  Length (m)  Au (gpt)  Lode  177.25177.600.35105.00Murau 2322.17326.003.8310.21URW1including325.61325.730.1256.70422.53426.824.2933.22UR2including423.41423.720.31322.00including424.63425.000.3722.50507.82508.200.380.97UR3 - Of particular note is a 4.29 m interval of 33.22 gpt Au starting at 422.53 m down hole (true width estimated to be 2.5 m). This interval, interpreted to be part of the UR2 lode and fully 70 m below the current resource, is comprised of hydrothermal breccia unlike any mineralization previously observed at Tuvatu, but closely resembling that seen in some lodes at the Vatukoula Gold Mine approximately 40 km to the northeast. Included in this interval is a 0.31 m interval of 322.00 gpt Au beginning at 423.41 m down hole. Lion One believes this intercept is highly significant and suggests the mineralizing system is evolving with depth, perhaps an indication of further high-grade mineralization below. In this area, several lode structures appear to be converging, potentially forming a root feeder. Lion One's next few deep holes will further test this possibility.- A 0.35 m interval of 105.00 gpt Au beginning at 177.25 m down hole (true width estimated to be 0.3 m) and interpreted to be part of the Murau 2 lode clearly shows that hydrothermal fluids capable of depositing high-grade mineralization were active in this part of the Tuvatu system. This intercept clearly shows this lode is open to the west where it might link up with a feeder structure.- A 3.83...