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Lion One Updates Drill Results at Tuvatu
High grade composite results increased in Zone 5 drilling North Vancouver, British Columbia--(Ne...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Updates Drill Results at TuvatuHigh grade composite results increased in Zone 5 drillingNorth Vancouver, British Columbia--(Newsfile Corp. - August 15, 2023) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (\"Lion One\" or the \"Company\") is issuing an update on composite drill results reported in the Company's August 10, 2023 news release.The August 10, 2023 news release reported infill and grade control drill results from Zone 5 of the Company's Tuvatu alkaline gold project in Fiji. Several composite gold grades reported in that news release are here updated.Gold analysis at Tuvatu is conducted using fire assay with an atomic absorption (AA) finish. Samples that return grades over 10 g/t Au are then re-analyzed by gravimetric method. The gravimetric method is considered more accurate than fire assay for high-grade samples. Lion One has therefore recently adopted a new protocol whereby gravimetric results are reported for samples that return over 10 g/t Au. In the August 10, 2023 news release, composite intervals were calculated using fire assay values rather than gravimetric values, whereas high-grade individual assays were quoted using the more accurate gravimetric results. This led to a discrepancy between the composite values and the underlying assay values for certain intervals. The difference between fire assay and gravimetric analyses tends to be greater for higher grade samples. A total of 21 composite values have been updated and are presented in Table 1 below. The majority of the updated results are greater than was initially reported.Table 1. Updated composite intervals from Zone 5 infill and grade control drilling. Bolded text represents a positive change, italicized text represents a negative change. Intervals are ordered by decreasing gold content.Hole IDFromToInterval (m)Updated Au (g/t)Original Au (g/t)Change (g/t)TGC-006748.2501.8314.27261.9352.34TUDDH-643242.7249.36.683.4780.782.69TGC-006753.354.20.9104.0093.0510.95TUDDH-643111.6114.93.318.4017.480.92TUDDH-643161.7163.21.516.1315.960.17TUDDH-638254.72572.310.259.410.84TUDDH-643101.9103.11.213.5013.130.37TUDDH-643123.41240.625.1925.95-0.76TGC-0061219.2220.41.210.318.321.99TUDDH-63745.345.60.335.9836.2-0.22TUDDH-64352.252.50.331.8733.51-1.64TUDDH-64455.858.22.43.433.40.03TGC-006553.155.22.13.913.820.09TUDDH-63449.250.71.55.445.68-0.24TU...