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Lion One Intersects 17.52 g/t Gold over 23.7m in Deep Zone 500 Drilling at Tuvatu Alkaline Gold Project in Fiji
North Vancouver, British Columbia--(Newsfile Corp. - November 7, 2022) - Lion One Metals Limi...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Intersects 17.52 g/t Gold over 23.7m in Deep Zone 500 Drilling at Tuvatu Alkaline Gold Project in FijiNorth Vancouver, British Columbia--(Newsfile Corp. - November 7, 2022) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce results from hole TUDDH 608 as part of its ongoing deep drill program in definition of the \"500\" zone. Exceptional results include 23.7 meters (m) averaging 17.52 g/t gold with a horizontal true width of 10.4m. Mineralized intervals are inclusive of several bonanza-grade intercepts. This hole is consistent with Lion One's geological model of a robust Alkalic gold system with increasing gold grade at depth. HighlightsA deep high-grade intercept of 17.52 g/t Au over 23.7m with 10.4m true width from TUDDH 608 Targeting intersection of TUG 141 (20.86 g/t Au over 76.9m) and TUDDH 601 (12.22 g/t Au over 54.9m) Structural interpretation for a deep high grade feeder system taking shape in Zone 500 TUDDH 608 - select high grade interceptsFrom mTo mIntercept mGrade g/t Au594.5618.223.7017.89 594.5614.119.6021.16 596.7603.16.4042.58 596.7597.91.2085.10 599.8600.40.60108.31 Lion One Senior Vice President Exploration Sergio Cattalani commented \"By drilling at a high angle across the TUG 141 (20.86 g/t gold over 76.9m) / TUDDH 601 (12.22 g/t Au over 54.9m) high-grade zone, TUDDH 608 was able to provide valuable information on the width and continuity of this zone. The outstanding results obtained of 17.52 g/t gold over 23.7m corresponds to a horizontal true width of 10.4m, which is approximately seven times the estimated average mining width, and at a grade that is nearly twice the average grade of the existing resource. The significance of this zone and its likely contribution to the increase in overall contained ounces cannot be overstated, as the extent of this zone may be much greater than previously thought. We are currently drilling several additional holes to test the possible plunge extent estimated by oriented core structural measurements. We will continue to report additional results as they become available.\"Hole TUDDH 608 (azimuth: 089°, dip: -64°), drilled from west to east, was designed drill across the high-grade zone identified in two directions by TUG 141 and TUDDH 601 (Figures 1, 2). With the completion of TU...