Business
Lion One Intersects 13.12 g/t Gold over 3.60m from Second "Tuvatu Deeps" Drill Hole, Escalates Drilling Program
North Vancouver, British Columbia--(Newsfile Corp. - January 22, 2020) - Lion One Metals Limi...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Intersects 13.12 g/t Gold over 3.60m from Second \"Tuvatu Deeps\" Drill Hole, Escalates Drilling ProgramNorth Vancouver, British Columbia--(Newsfile Corp. - January 22, 2020) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce the results of the first part of the second diamond drill hole completed into the \"Tuvatu Deeps\" area at the Company's 100% owned and fully permitted Tuvatu Alkaline Gold Project in Fiji. The Company previously announced (December 18th, 2019) the results of the first \"Tuvatu Deeps\" drill hole, TUDDH493. HighlightsThe second diamond drill hole, TUDDH494, into “Tuvatu Deeps” is still in progress and currently at a depth of 700m Results received for the first half of the hole drilled to date include:1.47m @ 1.45 g/t Au from 157.15m from Murau 1 lode3.60m @ 13.12 g/t Au from 188.80m from Murau 2 lodeLion One to escalate the drilling program by moving to double shifting its own drill rig and review options for mobilising further drill rigs to the propertyThe second diamond drill hole (TUDDH494) of the planned program of deep holes into the \"Tuvatu Deeps\" is currently at a depth of 700m and is continuing to approximately 1000m. Drilling has been slowed by the Christmas and New Year holiday period, and the commencement of the wet season. Results have been received from the first 400m of drilling with one significant intersection having been returned. The first diamond drill hole (TUDDH493) of the program was completed to a downhole depth of 536.90 meters late in 2019. Both TUDDH494 and the previously drilled TUDDH493 targeted the east-west striking Murau 2 lode in addition to the downdip extensions on the two main mineralised north-south structures at Tuvatu, namely the URW1 and the UR2 lodes. TUDDH494 was collared with a dip of 67o degrees and an azimuth of 097o TN.As can be seen in Figure 1 below, Tuvatu itself sits in the only area of systematic drilling in the entire 7km strike of the most highly prospective host rock within this significantly mineralised volcanic centre. Drilling to date indicates the mineralisation is open at depth, and mapping, geochemical sampling, and geophysics highlight the fact that this prospective zone is strongly mineralised along its entire 7km strike length. Figure 2 below shows a cr...