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Lion One to Retest High Grade Feeder with a Wedge Hole; Receives Gravimetric Assays for High Grade Zone
North Vancouver, British Columbia--(Newsfile Corp. - August 17, 2020) - Lion One Metals Limit...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One to Retest High Grade Feeder with a Wedge Hole; Receives Gravimetric Assays for High Grade ZoneNorth Vancouver, British Columbia--(Newsfile Corp. - August 17, 2020) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is pleased to announce that it has completed diamond drill hole TUDDH500 to a depth of 863.4m and has now commenced drilling a daughter wedge hole beginning at approximately 400m depth to retest the newly discovered high-grade feeder (please refer to a company news release dated July 24, 2020). The Company has also received gravimetric fire assay results for the entirety of the high-grade feeder zone.Highlights: Gravimetric fire assay results from both high-grade intervals encountered between down hole depths of 558.0 and 583.4m display significant increases in grade over initial fire assay-atomic absorption (\"AA\") results (please see table below). Gravimetric results include 2.0m grading 46.70g/t Au starting at 558.0m followed by 12.7m grading 55.43g/t Au starting at 571.0m. The latter interval includes a sub-interval of 4.7m grading 120.16g/t Au with an exceptionally high-grade core of 0.9m grading 582.33g/t Au. Samples from these zones have been shipped to ALS Chemex in Australia for screen metallic assay, the results of which are expected back in a few weeks.TUDDH500From (m)To (m)DrilledInterval (m)Original Au assays* (g/t)All gravimetric Au assays** (g/t)558.0560.02.035.2846.70incl559.0559.50.5105.00144.00571.0583.712.746.1455.43incl579.0583.74.7120.16144.81incl582.8583.70.9506.40582.33incl582.8583.10.31310.001400.00and 583.1583.4 0.3 130.50 203.00 * Original assays primarily fire assay with an AA finish** New assays entirely fire assay with a gravimetric finish(True widths of these intercepts are not determined. No previous drilling has been undertaken in this area below the known deposit thus making interpretation difficult at this stage of exploration.)Hole TUDDH500 was completed to a final depth of 863.4m at which point, it had passed through the entirety of the targeted controlled source audio-magnetotelluric (\"CSAMT\") gradient that appears to highlight the location of the feeder zone. Multiple intervals of typical Tuvatu-style lode mineralization and associated alteration were noted during geologic logging of this hole. Remaining core has been...