Business
Lion One Intersects 10.67 g/t Au over 11.1m with 3.5m True Width from Zone 500 Drilling at the Tuvatu Alkaline Gold Project in Fiji
North Vancouver, British Columbia--(Newsfile Corp. - January 25, 2023) - Lion One Metals Limited...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Intersects 10.67 g/t Au over 11.1m with 3.5m True Width from Zone 500 Drilling at the Tuvatu Alkaline Gold Project in FijiNorth Vancouver, British Columbia--(Newsfile Corp. - January 25, 2023) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") announces further high-grade assay results ongoing Zone 500 drilling at the Company's 100%-owned Tuvatu Alkaline Gold Project in Fiji. Underground drill holes TUG-147 and TUG-150 were drilled to further test the high-grade zone originally defined by drill holes TUG-141, TUDDH-601 and TUDDH-608, previously reported on June 6, 2022, August 15, 2022, and November 7, 2022, respectively. Highlights include:Hole IDFrom (m)To (m)Interval (m)Au g/tLodeTUG 147263.1274.211.110.67UR2including 263.1268.85.713.45UR2which includes265.5266.71.251.18UR2which includes265.5265.80.3144.31UR2and includes268.2268.50.316.02UR2and including270.0274.24.29.86UR2which includes272.1272.70.645.82UR2and273.6273.90.311.95UR2311.1313.82.74.18UR1including311.4311.70.315.81UR1 TUG-150225.6227.11.517.02UR3including226.5227.10.639.20UR3270.9273.02.13.6UR3including272.4272.70.311.93UR3315.3323.78.48.84UR2including315.6315.90.3108.57UR2including318.6319.81.214.71UR2which includes318.6318.90.328.51UR2327.6327.90.359.85UR2329.7330.30.611.49UR2including330.0330.30.318.24UR2350.1351.91.84.26UR2including351.3351.60.312.85UR2 TUG-147 was drilled to cross the northern extension of the UR2-UR1 NS lodes that appear to define a wedge-shaped high-grade zone bounded by the UR2 and UR4 lodes, to thus test the mineralization associated with UR lodes, and to provide structural information on the orientations of mineralized veins and lode arrays. The drillhole lifted more than expected and crossed the zone at a somewhat lower elevation (shallower) than intended (Figure 1). Nevertheless, TUG-147 drilling across the UR2 structure, intersected 11.1m at 10.67 g/t Au from 263.1 to 274.4m, which includes 5.7m at 13.45 g/t Au, including 1.2m at 51.18 g/t Au, and 4.2m at 9.86 g/t Au corresponding to the intersection of the main NS-trending UR2 lode and NE-trending mineralized veining (Figure 2, Table 1). The calculated true horizontal width of this intersection is 3.5m.Figure 1. Vertical section looking east showing the positions of TUG-147 and TUG-150 relative to the drill holes that...