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Lion One Reports New High-Grade Intercepts to Expand Deep Feeder Zone 500 at Tuvatu, Fiji
North Vancouver, British Columbia--(Newsfile Corp. - November 2, 2021) - Lion One Metals Limi...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Reports New High-Grade Intercepts to Expand Deep Feeder Zone 500 at Tuvatu, FijiNorth Vancouver, British Columbia--(Newsfile Corp. - November 2, 2021) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce further high-grade intercepts from two recently completed drillholes as part of ongoing deep extensional step-out drilling from the Company's 100% owned Tuvatu gold project in Fiji. - DEEP FEEDER ZONE 500 NOW EXTENDS OVER 300M VERTICALLY AND 150M LATERALLY- WEIGHTED AVERAGE GRADE OF 23 G/T Au FROM ZONE 500 MINERALIZED INTERCEPTS 2.6 X HIGHER THAN AVERAGE GRADE OF RESOURCE- ZONE 500 CONNECTS WITH BASE OF EXISTING RESOURCE AT APPROX. 470M DEPTH- DRILLED EXTENT OF TUVATU SYSTEM INCREASED BY 53% TO APPROX. DEPTH OF 720MDrill highlights include:33.40 g/t Au over 3.90m from downhole depth of 629.30m from TUDDH544-W2- including 105.0 g/t Au over 0.30m from 629.6m, 65.0 g/t Au over 0.30m from 630.2m, and112.0 g/tAu over 0.30m from 631.1m48.74 g/t Au over 0.6m from downhole depth of 651.50m, and33.06 g/t Au over 0.6m from downhole depth of 658.2m, from hole TUDDH544-W1Sergio Cattalani, Lion One's Senior Vice President Exploration, commented, \"High grade mineralization in Deep Feeder Zone 500 has now been demonstrated to extend over an area approximately 150m along strike and 300m vertically with an overall calculated weighted average grade of >23 g/t Au; Zone 500 mineralisation will add significantly to the overall Au inventory of the Tuvatu orebody. Furthermore, an improved understanding of the orientation of the 500 Zone now allows us to connect this high-grade feeder to the base of the existing resource. We continue to plan additional drilling to test the lateral and vertical extents of this zone which remains open in all directions.\"Deep Feeder Zone 500These most recent intercepts reported above are believed to be the continuation of the interpreted deep feeder structure that encountered 55.43 g/t Au over 12.70m in TUDDH500 (see July 24, 2020 News Release), 55.44 g/t Au over 2.30m in TUDDH533 (see July 26, 2021 News Release), and 24.92 g/t Au over 3.70m in TUG-135 (see September 7, 2021 News Release), among many others. Deeper Feeder Zone 500, cont.This important gold-bearing structure has now been intersected by multiple holes, including TUDDH500, 500W...