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Lion One Extends the URW3 Lode, a Key Component of The 500 Zone Feeder, with Several Bonanza-Grade Drill Intercepts at Its Tuvatu Gold Mine, Fiji
North Vancouver, British Columbia--(Newsfile Corp. - November 18, 2022) - Lion One Metals Lim...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Extends the URW3 Lode, a Key Component of The 500 Zone Feeder, with Several Bonanza-Grade Drill Intercepts at Its Tuvatu Gold Mine, FijiNorth Vancouver, British Columbia--(Newsfile Corp. - November 18, 2022) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce that the Company has produced additional bonanza-grade drilling intercepts and expanded the Deep Feeder Zone 500 by increasing the vertical extent of the URW3 Lode by at least 180 m at its high-grade Tuvatu Alkaline Gold Project in Fiji.The results from these holes confirm a significant increase in the vertical extension and continuity of the URW3 mineralized zone, which occurs on the western margin and as part of the high-grade feeder zone. The new drill intercepts, in conjunction with results from the previously drilled TUG-138 drill hole, correspond to a significant increase in grade with depth, as numerous bonanza-grade intercepts return gold assay values ranging from 100-800 g/t gold. Additionally, this drilling confirms an increase in the vertical extent of this distinct portion of the 500 zone feeder by at least 180 m. The high-grade feeder zone remains open at depth. Overall, the drill results reported here are consistent with a persistent, substantial upside being realized at Tuvatu resulting from the aggressive deep drilling adopted by the company since the initial discovery of the deep feeder zone by hole TUDDH-500, in July of 2020. Highlights: An increase of at least 180 m in the vertical extent of the URW3 lode as defined by bonanza grade interceptsMultiple high-grade intercepts including from TUG-149 including 12.89 g/t Au over 12.9 m from 254.4 m, 84.61 g/t Au over 3.9 m from 318.6 m, and 48.65 g/t Au over 5.4 m from 423.3 mDefinition of a new portion of deep, high-grade feeder material that is separate from, and parallel to, the high-grade zone previously defined by TUG-141/TUDDH-601/TUDDH-608Select high-grade interceptsHole IDFrom (m)To (m)Intercept (m)Au g/tTUG-149254.4267.312.912.89including259.2259.50.3134.97318.6322.53.984.61including321.3321.60.3536.50321.6321.90.3530.60423.3428.75.448.65including426.0426.30.3802.47TUDDH-613529.0529.30.3108.52TUDDH-616624.2631.77.59.43including624.2626.62.412.11and627.2628.71.523.59which includes627.5627.80.363.86 Technical advisor to th...