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Lion One Reports First Results of 2019 Drilling from Tuvatu Gold Project in Fiji
North Vancouver, British Columbia--(Newsfile Corp. - June 25, 2019) - Lion One Metals Limite...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Reports First Results of 2019 Drilling from Tuvatu Gold Project in FijiNorth Vancouver, British Columbia--(Newsfile Corp. - June 25, 2019) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce results from the first six diamond drill holes from its 2019 exploration program at its 100% owned and fully permitted high grade Tuvatu Gold Project in Fiji. Notable results include:   TUDDH480   3.21 m of 12.98 g/t Au   including   0.38 m of 91.00 g/t Au       0.95 m of 15.79 g/t Au   including   0.26 m of 50.20 g/t Au   TUDDH481   0.85 m of 24.34 g/t Au   including   0.35 m of 57.50 g/t Au   TUDDH484   19.15 m of 8.07 g/t Au   including   8.55 m of 10.51 g/t Au       5.25 m of 12.22 g/t Au         Please refer to the table below for a summary of the most significant results. Drilling has focused on areas in the northern parts of the Tuvatu resource area targeting extensions of the H and T lodes. These lodes occur along a northwest-trending corridor of intense potassium alteration in which spongey textured feldspar and coarse biotite have replaced the host monzonite. The porous nature of this alteration allowed later gold-rich fluids to permeate this corridor producing what has only recently been recognized as a new, potentially important style of mineralization at Tuvatu. The long interval of continuous gold mineralization seen in hole TUDDH484, 19.15 m of 8.07 g/t Au, is one of the longest intervals of gold mineralization encountered to date at Tuvatu. These promising results indicate more exploration is needed to further test for extensions of this style of mineralization beyond the resource area. Additional lodes, including notable low-angle SKL lodes, were also encountered in drilling. An intercept across lode SKL3 in hole TUDDH480 encountered 3.21 m of 12.98 g/t Au including 0.38 m of 91.00 g/t Au. SKL lodes appear to serve as linking structures that provided conduits for gold-rich fluids to access high angle structures during the time of gold deposition. Their importance is increasingly being recognized in the Tuvatu lode system.Further results from the bottom half of TUDDH484 are awaited. Diamond drilling is continuing. Lion One recently...