Additional High Grade Intercepts, Completes Phase 1 Infill Drill Program at Tuvatu
InvestorSarfari Comments:
Comments to follow
North Vancouver, B.C., February 23, 2022 – Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is very pleased to announce additional results from its recently completed Phase 1 infill drill program on the Zone 2 portion of the Tuvatu high-grade alkaline Au deposit located on the island of Viti Levu in Fiji. The infill program began in June, 2021 and was completed last week with the termination of hole TUDDH576, bringing the total drilled to 7475.2m and total drill core resampled to 955.4m, for a program total of 8430.6m.
7475m of drilling completed in 42 holes and 955m of resampling of 28 historic drill holes as part of Phase 1 infill program
Top Intercepts from Latest Infill Drilling Include
77.11 g/t Au over 3.90m from 30.8-34.7m, inc. 162.22 g/t Au over 1.8m from TUDDH 571
12.56 g/t Au over 7.80m from 87.1-94.9m, inc. 54.43 g/t Au over 1.2m from TUDDH 572
16.08 g/t Au over 7.80m from 30.1-37.9m, inc. 62.22 g/t Au over 1.8m from TUDDH 573
15.10 g/t Au over 3.60m from 121.1-124.7m, inc. 95.06 g/t Au over 0.3m from TUDDH 575
Infill Drilling Program
The consistent bonanza-grade results from many of the drill holes that are part of the Phase 1 infill drill program continue to suggest higher-than-expected continuity of high-grade mineralization as well as higher absolute grades between modelled lodes (Figure 1, Table 1). Analysis of historic drill core material to eliminate sample gaps in areas where the current resource model lacked adequate data density has also yielded positive results, and in several instances, gold grades well above the resource average (Table 2). These factors should result in additional ounces in the portion of the deposit earmarked for earliest production. The re-modelling of Zone 2 lodes will begin as soon as all new data has been received and compiled and all holes have been properly surveyed.
The next (Phase 2) infill program planned for ~5000m of diamond drilling from surface and ~2500m of grade control diamond drilling from underground is aimed at upgrading the resource database in Zone 5 which is scheduled for production within the initial 3 years of operation. This second infill drill program began February 17, 2022 with drill hole TUDDH577, and is expected to require 5-6 months of drilling using three rigs (two from surface and one from underground) to complete.
Highlights from Latest Phase 1 Infill Drilling Results
TUDDH570
16.13 g/t Au over 0.5m from 132.1-132.6m
39.36 g/t Au over 0.3m from 142.0-142.3m
8.99 g/t Au over 3.6m from 154.0-157.6m, including
11.79 g/t Au over 0.9m from 155.2-156.1m,
30.28 g/t Au over 0.6m from 157.0-157.6m,
TUDDH571
77.11 g/t Au over 3.90m from 30.8-34.7m, including
162.22 g/t Au over 1.8m from 30.8-32.6m, which includes
179.0 g/t Au over 0.3m from 30.8-31.1, and
61.86 g/t Au over 0.3m from 31.1-31.4m, and
210.3 g/t Au over 0.3m from 31.4-31.7m, and
190.0 g/t Au over 0.3m from 31.7-32.0m, and
261.0 g/t Au over 0.3m from 32.0-32.3m, and
71.13 g/t Au over 0.3m from 32.3-32.6m, and including
16.96 g/t Au over 0.3m from 34.4-34.7m
TUDDH572
12.56 g/t Au over 7.80m from 87.1-94.9m, including
54.43 g/t Au over 1.2m from 87.1-88.3m, which includes
19.67 g/t Au over 0.3m from 87.1-87.4m, and also include
196.0 g/t Au over 0.3m from 88.0-88.3m, and also includes
16.04 g/t Au over 1.5m from 89.8-91.3m, which includes
34.92 g/t Au over 0.6m from 89.8-90.4m
26.19 g/t Au over 0.6m from 105.1-105.7m, including
21.39 g/t Au over 0.3m from 105.1-105.4m, and
30.97 g/t au over 0.3m from 105.4-105.7m
TUDDH573
9.98 g/t Au over 1.60m from 27.5-29.1m, including
16.54 g/t Au over 0.9m from 27.5-28.4m, which includes
31.58 g/t Au over 0.3m from 27.8-28.1m
16.08 g/t Au over 7.80m from 30.1-37.9m, including
62.22 g/t Au over 1.8m from 35.5-37.3m, which includes
89.02 g/t Au over 0.3m from 35.5-35.8m, and
52.18 g/t Au over 0.3m from 35.8-36.1m, and
201.0 g/t Au over 0.3m from 36.1-36.4m
10.70 g/t Au over 0.6m from 269.9-270.5m, including
15.41 g/t Au over 0.3m from 269.9-270.2m
TUDDH574
11.19 g/t Au over 0.3m from 81.2-81.5m
29.53 g/t Au over 0.9m from 106.1-107.0m, including
21.11 g/t Au over 0.3m from 106.1-106.4m, and
33.74 g/t Au over 0.6m from 106.4-107.0m
TUDDH575
12.07 g/t Au over 0.3m from 77.3-77.6m
16.11 g/t Au over 0.6m from 109.7-110.3m, including
26.24 g/t Au over 0.3m from 110.0-110.3m
5.99 g/t Au over 10.50m from 114.2-124.7m, including
18.53 g/t Au over 1.80m from 119.6-121.4m, and
15.10 g/t Au over 3.60m from 121.1-124.7m, which include
95.06 g/t Au over 0.3m from 121.1-121.4m, and
55.71 g/t Au over 0.3m from 124.4-124.7m
Figure1: Schematic vertical section showing selected infill drilling, Tuvatu. Some of the drillholes shown are off section (e.g. TUDDH571 is N of section, and TUDDH 568 is S of section) and are projected onto the section for clarity.
Table 1:
Drilling Intervals >0.5 g/t Au Reported (intervals > 3.0 g/t Au cutoff and wider than 2.0m are bolded)
|
Hole ID |
From (m) |
To (m) |
Interval (m) |
Grade (g/t Au) |
|
TUDDH-567 |
62.9 |
65.8 |
2.9 |
2.13 |
|
including |
64.1 |
64.4 |
0.3 |
7.85 |
|
67.0 |
67.6 |
0.6 |
0.5 |
|
|
69.4 |
70.0 |
0.6 |
1.49 |
|
|
72.1 |
72.8 |
0.7 |
2.25 |
|
|
78.3 |
78.6 |
0.3 |
0.76 |
|
|
79.9 |
84.8 |
4.9 |
1.59 |
|
|
including |
83.5 |
83.8 |
0.3 |
5.03 |
|
88.1 |
92.2 |
4.1 |
0.89 |
|
|
93.4 |
97.3 |
3.9 |
0.62 |
|
|
103.1 |
103.7 |
0.6 |
1.13 |
|
|
106.1 |
107.3 |
1.2 |
2.32 |
|
|
110.0 |
112.5 |
2.5 |
6.09 |
|
|
including |
111.9 |
112.5 |
0.6 |
21.28 |
|
115.3 |
116.2 |
0.9 |
5.43 |
|
|
136.1 |
137.3 |
1.2 |
2.87 |
|
|
TUDDH-568 |
no |
significant |
results |
|
|
TUDDH-569 |
58.3 |
59.2 |
0.9 |
6.12 |
|
including |
58.8 |
59.2 |
0.4 |
8.9 |
|
78.4 |
78.7 |
0.3 |
1.78 |
|
|
82.0 |
82.6 |
0.6 |
0.93 |
|
|
93.1 |
93.7 |
0.6 |
6.79 |
|
|
101.8 |
103.0 |
1.2 |
0.96 |
|
|
105.4 |
106.9 |
1.5 |
0.82 |
|
|
132.4 |
134.4 |
2.0 |
3.64 |
|
|
including |
133.6 |
134 |
0.4 |
15.78 |
|
155.9 |
156.3 |
0.4 |
1.32 |
|
|
TUDDH-570 |
33.5 |
35.2 |
1.7 |
1.71 |
|
39.7 |
40.4 |
0.7 |
12.78 |
|
|
41.6 |
42.2 |
0.6 |
2.53 |
|
|
46.0 |
49.9 |
3.9 |
1.41 |
|
|
53.5 |
56.4 |
2.9 |
0.89 |
|
|
60.3 |
60.9 |
0.6 |
0.95 |
|
|
65.4 |
66.0 |
0.6 |
1 |
|
|
72.7 |
73.3 |
0.6 |
3.51 |
|
|
84.4 |
84.7 |
0.3 |
3.29 |
|
|
88.1 |
90.5 |
2.4 |
0.72 |
|
|
91.7 |
95.8 |
4.1 |
1.35 |
|
|
99.3 |
99.6 |
0.3 |
0.68 |
|
|
102.6 |
104.4 |
1.8 |
1.21 |
|
|
107.0 |
114.7 |
7.7 |
4.09 |
|
|
including |
110.1 |
110.8 |
0.7 |
15.96 |
|
including |
111.1 |
111.7 |
0.6 |
6.87 |
|
also including |
113.8 |
114.7 |
0.9 |
6.26 |
|
115.9 |
117 |
1.1 |
3.41 |
|
|
118.8 |
121.3 |
2.5 |
4.8 |
|
|
including |
118.8 |
119.1 |
0.8 |
13.17 |
|
which also includes |
119.1 |
119.6 |
0.5 |
15.87 |
|
130.0 |
132.6 |
2.6 |
6.4 |
|
|
including |
130.0 |
130.9 |
0.9 |
9.3 |
|
including |
132.1 |
132.6 |
0.5 |
16.13 |
|
135.6 |
136.5 |
0.9 |
0.86 |
|
|
137.7 |
143.5 |
5.8 |
3.13 |
|
|
including |
142.0 |
142.3 |
0.3 |
39.36 |
|
147.5 |
149.3 |
1.8 |
0.77 |
|
|
151.4 |
152.3 |
0.9 |
2.62 |
|
|
including |
151.4 |
151.7 |
0.3 |
5.54 |
|
154.0 |
157.6 |
3.6 |
8.99 |
|
|
including |
154.0 |
154.3 |
0.3 |
7.3 |
|
and including |
155.2 |
156.1 |
0.9 |
11.79 |
|
which also includes |
157.0 |
157.6 |
0.6 |
30.28 |
|
161.5 |
163.6 |
2.1 |
4.38 |
|
|
including |
161.5 |
162.1 |
0.6 |
7.49 |
|
including |
162.7 |
163.0 |
0.3 |
9.59 |
|
165.1 |
166.3 |
1.2 |
1.44 |
|
|
TUDDH-571 |
30.8 |
34.7 |
3.9 |
77.11 |
|
including |
30.8 |
32.6 |
1.8 |
162.22 |
|
including |
30.8 |
31.1 |
0.3 |
179.0 |
|
including |
31.1 |
31.4 |
0.3 |
61.86 |
|
including |
31.4 |
31.7 |
0.3 |
210.3 |
|
including |
31.7 |
32.0 |
0.3 |
190.0 |
|
including |
32.0 |
32.3 |
0.3 |
261.0 |
|
including |
32.3 |
32.6 |
0.3 |
71.13 |
|
including |
34.4 |
34.7 |
0.3 |
16.96 |
|
75.5 |
76.1 |
0.6 |
0.64 |
|
|
TUDDH-572 |
29.8 |
30.4 |
0.6 |
0.85 |
|
35.5 |
36.1 |
0.6 |
5.1 |
|
|
37.3 |
42.4 |
5.1 |
0.58 |
|
|
44.2 |
47.2 |
3 |
4.94 |
|
|
including |
44.2 |
45.4 |
1.2 |
8.04 |
|
which includes |
44.2 |
44.5 |
0.3 |
20.4 |
|
48.4 |
49.6 |
1.2 |
0.61 |
|
|
63.4 |
63.7 |
0.3 |
2.75 |
|
|
66.1 |
67.3 |
1.2 |
0.55 |
|
|
73.6 |
75.4 |
1.8 |
1.13 |
|
|
82.6 |
83.2 |
0.6 |
5.66 |
|
|
including |
82.6 |
82.9 |
0.3 |
7.85 |
|
85.0 |
85.3 |
0.3 |
6.78 |
|
|
87.1 |
94.9 |
7.8 |
12.56 |
|
|
including |
87.1 |
88.3 |
1.2 |
54.43 |
|
which includes |
87.1 |
87.4 |
0.3 |
19.67 |
|
and |
88.0 |
88.3 |
0.3 |
196.0 |
|
and also includes |
89.8 |
91.3 |
1.5 |
16.04 |
|
which includes |
89.8 |
90.4 |
0.6 |
34.92 |
|
103.3 |
106.6 |
3.3 |
5.86 |
|
|
including |
105.1 |
105.7 |
0.6 |
26.18 |
|
which includes |
105.1 |
105.4 |
0.3 |
21.39 |
|
and includes |
105.4 |
105.7 |
0.3 |
30.97 |
|
121.9 |
122.2 |
0.3 |
0.51 |
|
|
128.2 |
128.5 |
0.3 |
0.5 |
|
|
TUDDH-573 |
7.4 |
8.3 |
0.9 |
0.7 |
|
10.2 |
10.5 |
0.3 |
2.44 |
|
|
12.6 |
16.55 |
3.95 |
0.62 |
|
|
23.0 |
23.3 |
0.3 |
0.52 |
|
|
27.5 |
29.1 |
1.6 |
9.98 |
|
|
including |
27.5 |
28.4 |
0.9 |
16.54 |
|
which also includes |
27.8 |
28.1 |
0.3 |
31.58 |
|
30.1 |
37.9 |
7.8 |
16.08 |
|
|
including |
35.5 |
37.3 |
1.8 |
62.22 |
|
including |
35.5 |
35.8 |
0.3 |
89.02 |
|
including |
35.8 |
36.1 |
0.3 |
52.18 |
|
which also includes |
36.1 |
36.4 |
0.3 |
201.0 |
|
41.5 |
43.0 |
1.5 |
5.05 |
|
|
including |
41.5 |
41.8 |
0.3 |
8.86 |
|
51.7 |
52 |
0.3 |
2.14 |
|
|
58.7 |
59.9 |
1.2 |
1.62 |
|
|
185.3 |
185.6 |
0.3 |
6.68 |
|
|
205.4 |
206.9 |
1.5 |
4.06 |
|
|
including |
206.6 |
206.9 |
0.3 |
9.2 |
|
216.5 |
217.4 |
0.9 |
0.8 |
|
|
225.5 |
225.8 |
0.3 |
6.34 |
|
|
249.0 |
249.3 |
0.3 |
2.06 |
|
|
269.9 |
271.7 |
1.8 |
4.23 |
|
|
including |
269.9 |
270.5 |
0.6 |
10.7 |
|
which includes |
269.9 |
270.2 |
0.3 |
15.41 |
|
TUDDH-574 |
23.3 |
24.2 |
0.9 |
0.58 |
|
41.0 |
43.7 |
2.7 |
1.66 |
|
|
49.1 |
50.6 |
1.5 |
2.62 |
|
|
59.3 |
59.6 |
0.3 |
1.33 |
|
|
70.1 |
71.3 |
1.2 |
2.78 |
|
|
81.2 |
81.5 |
0.3 |
11.19 |
|
|
92.9 |
93.2 |
0.3 |
3.69 |
|
|
106.1 |
107.0 |
0.9 |
29.53 |
|
|
including |
106.1 |
106.4 |
0.3 |
21.11 |
|
and |
106.4 |
107.0 |
0.6 |
33.74 |
|
TUDDH-575 |
32.3 |
32.6 |
0.3 |
0.66 |
|
33.8 |
34.1 |
0.3 |
0.76 |
|
|
41.9 |
44.3 |
2.4 |
1.29 |
|
|
including |
41.9 |
42.2 |
0.3 |
4.74 |
|
and |
42.5 |
43.1 |
0.6 |
0.56 |
|
and |
43.4 |
43.7 |
0.3 |
0.62 |
|
and |
44.0 |
44.3 |
0.3 |
0.75 |
|
46.4 |
47.0 |
0.6 |
0.68 |
|
|
48.2 |
48.5 |
0.3 |
0.55 |
|
|
66.5 |
67.1 |
0.6 |
0.53 |
|
|
77.0 |
79.1 |
2.1 |
2.18 |
|
|
including |
77.0 |
77.3 |
0.3 |
0.57 |
|
and |
77.3 |
77.6 |
0.3 |
12.07 |
|
78.5 |
78.8 |
0.3 |
1.00 |
|
|
78.8 |
79.1 |
0.3 |
0.83 |
|
|
83.6 |
83.9 |
0.3 |
3.30 |
|
|
85.1 |
86.3 |
1.2 |
1.63 |
|
|
90.2 |
90.5 |
0.3 |
1.19 |
|
|
99.2 |
99.8 |
0.6 |
0.79 |
|
|
106.1 |
107.0 |
0.9 |
3.42 |
|
|
including |
106.1 |
106.4 |
0.3 |
4.08 |
|
and |
106.4 |
106.7 |
0.3 |
1.93 |
|
and |
106.7 |
107.0 |
0.3 |
4.24 |
|
109.1 |
110.3 |
1.2 |
8.39 |
|
|
including |
109.1 |
109.4 |
0.3 |
0.54 |
|
and |
109.4 |
109.7 |
0.3 |
0.79 |
|
and |
109.7 |
110.0 |
0.3 |
5.97 |
|
and |
110.0 |
110.3 |
0.3 |
26.24 |
|
114.2 |
124.7 |
10.5 |
5.98 |
|
|
including |
114.2 |
114.5 |
0.3 |
1.32 |
|
and |
115.4 |
115.7 |
0.3 |
4.35 |
|
and |
116.0 |
116.3 |
0.3 |
0.50 |
|
and |
117.2 |
117.5 |
0.3 |
1.08 |
|
and |
117.5 |
117.8 |
0.3 |
3.30 |
|
and |
118.7 |
119.0 |
0.3 |
0.52 |
|
and |
119.6 |
121.4 |
1.8 |
18.53 |
|
which includes |
119.6 |
119.9 |
0.3 |
6.94 |
|
and includes |
119.9 |
120.2 |
0.3 |
4.59 |
|
and includes |
120.2 |
120.5 |
0.3 |
4.45 |
|
and includes |
121.1 |
121.4 |
0.3 |
95.06 |
|
or |
121.1 |
124.7 |
3.6 |
15.1 |
|
which includes |
121.1 |
121.4 |
0.3 |
95.06 |
|
and includes |
121.7 |
122.0 |
0.3 |
0.57 |
|
and includes |
122.0 |
123.2 |
1.2 |
2.77 |
|
and includes |
123.2 |
123.5 |
0.3 |
3.05 |
|
and includes |
123.5 |
123.8 |
0.3 |
0.73 |
|
and includes |
123.8 |
124.4 |
0.6 |
7.47 |
|
and includes |
124.4 |
124.7 |
0.3 |
55.71 |
|
129.5 |
131.3 |
1.8 |
1.21 |
|
|
including |
129.5 |
130.1 |
0.6 |
2.81 |
|
and |
131.0 |
131.3 |
0.3 |
0.67 |
|
132.5 |
132.8 |
0.3 |
4.97 |
|
|
135.5 |
135.8 |
0.3 |
0.93 |
|
|
137.6 |
137.9 |
0.3 |
1.41 |
|
|
143.3 |
144.5 |
1.2 |
1.59 |
|
|
including |
143.3 |
143.6 |
0.3 |
1.05 |
|
and |
143.6 |
144.2 |
0.6 |
1.97 |
|
and |
144.2 |
144.5 |
0.3 |
1.35 |
|
162.2 |
162.5 |
0.3 |
1.45 |
|
|
TUDDH-576 |
22.9 |
23.5 |
0.6 |
1.49 |
|
25.0 |
25.6 |
0.6 |
0.63 |
|
|
29.2 |
29.5 |
0.3 |
1.1 |
|
|
36.7 |
38.5 |
1.8 |
8.25 |
|
|
including |
36.7 |
37.0 |
0.3 |
2.60 |
|
and |
37.0 |
37.6 |
0.6 |
0.56 |
|
and |
37.6 |
38.5 |
0.9 |
15.26 |
|
39.7 |
40.0 |
0.3 |
0.57 |
|
|
43.0 |
44.2 |
1.2 |
0.77 |
|
|
including |
43.0 |
43.6 |
0.6 |
0.55 |
|
and |
43.6 |
44.2 |
0.6 |
0.98 |
Table 2:
Summary of results from selected sample gap intervals from historic drill core
|
Hole ID |
From (m) |
To (m) |
Interval (m) |
Grade (g/t Au) |
|
TUDDH-212 |
448.1 |
448.4 |
0.30 |
1.25 |
|
TUDDH-225 |
52.70 |
53.35 |
0.35 |
14.10 |
|
54.25 |
54.85 |
0.60 |
1.06 |
|
|
89.0 |
89.6 |
0.60 |
0.71 |
|
|
91.1 |
92.0 |
0.90 |
10.98 |
|
|
94.3 |
94.6 |
0.30 |
3.22 |
|
|
102.0 |
103.4 |
1.40 |
0.68 |
|
|
TUDDH-356 |
60.05 |
60.35 |
0.30 |
0.61 |
|
72.2 |
72.5 |
0.30 |
4.21 |
|
|
77.6 |
77.9 |
0.30 |
0.53 |
|
|
81.5 |
82.26 |
0.76 |
1.81 |
|
|
TUDDH-362 |
84.81 |
85.11 |
0.30 |
0.56 |
|
85.41 |
85.71 |
0.30 |
0.69 |
|
|
85.71 |
86.01 |
0.30 |
1.47 |
|
|
86.31 |
86.61 |
0.30 |
74.58 |
|
|
86.91 |
87.4 |
0.49 |
0.53 |
|
|
TUDDH-408 |
43.23 |
43.74 |
0.51 |
0.54 |
|
44.65 |
45.25 |
0.60 |
1.28 |
|
|
79.27 |
79.87 |
0.60 |
2.21 |
|
|
79.87 |
80.47 |
0.60 |
1.80 |
|
|
TUDDH-410 |
73.2 |
73.8 |
0.60 |
3.38 |
|
|
118.2 |
118.8 |
0.60 |
1.81 |
|
TUDDH-525 |
466.6 |
466.9 |
0.30 |
0.95 |
|
TUDDH-539 |
131.1 |
131.7 |
0.60 |
6.88 |
|
TUDDH-540 |
62.93 |
63.23 |
0.30 |
4.22 |
|
64.6 |
64.9 |
0.30 |
0.61 |
|
|
64.9 |
65.2 |
0.30 |
3.87 |
|
|
69.8 |
70.4 |
0.60 |
2.20 |
|
|
77.3 |
77.6 |
0.30 |
0.97 |
|
|
90.7 |
91.0 |
0.30 |
4.11 |
Table 3:
Survey details of diamond drill holes referenced in this release
|
Hole No |
Coordinates (Fiji map grid) |
RL |
final depth |
dip |
azimuth |
|
|
N |
E |
m |
(TN) |
|||
|
TUDDH567 |
3920779 |
1876395 |
219.9 |
183.8 |
-40 |
255 |
|
TUDDH568 |
3920686 |
1876364 |
255.1 |
112.9 |
-75 |
258 |
|
TUDDH569 |
3920779 |
1876396 |
219.9 |
191.7 |
-69 |
252 |
|
TUDDH570 |
3920780 |
1876396 |
220.0 |
233.3 |
-44 |
270 |
|
TUDDH571 |
3920932 |
1876510 |
236.1 |
847.6 |
-62 |
147 |
|
TUDDH572 |
3920779 |
1876396 |
219.9 |
203.5 |
-60 |
270 |
|
TUDDH573 |
3920796 |
1876351 |
209.7 |
779.2 |
-66 |
131 |
|
TUDDH574 |
3920779 |
1876396 |
219.9 |
182.6 |
-70 |
270 |
|
TUDDH575 |
3920779 |
1876396 |
219.9 |
164.3 |
-47 |
285 |
|
TUDDH576 |
3920779 |
1876396 |
219.9 |
200.5 |
-60 |
285 |
|
TUDDH577 |
3920435 |
1876513 |
348.0 |
in progress |
-40 |
270 |
|
TUDDH-212 |
3920664 |
1876757 |
281.3 |
600.5 |
-58 |
245 |
|
TUDDH-225 |
3920737 |
1876336 |
222.8 |
300.3 |
-60 |
330 |
|
TUDDH-356 |
3920760 |
1876260 |
205.5 |
112.9 |
-61 |
010 |
|
TUDDH-362 |
3920775 |
1876303 |
219.6 |
132.0 |
-65 |
360 |
|
TUDDH-408 |
3920767 |
1876337 |
225.0 |
140.6 |
-70 |
330 |
|
TUDDH-410 |
3920731 |
1876309 |
228.9 |
143.6 |
-65 |
340 |
|
TUDDH-525 |
3920796 |
1876351 |
209.4 |
350.6 |
-57 |
123 |
|
TUDDH-539 |
3920733 |
1876297 |
225.1 |
186.2 |
-72 |
004 |
|
TUDDH-540 |
3920733 |
1876297 |
225.1 |
168.2 |
-60 |
001 |
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared, and approved by Mr. Sergio Cattalani, P. Geo, who is a qualified person pursuant to National Instrument 43-101 – Standards of disclosure for Mineral Projects (“NI-43-101).
About Tuvatu
The Tuvatu gold deposit is located on the island of Viti Levu in the South Pacific island nation of Fiji. The mineral resource for Tuvatu as disclosed in the technical report “Tuvatu Gold Project PEA”, dated June 1, 2015, and prepared by Mining Associates Pty Ltd of Brisbane Qld, and subsequently updated in January 2018 as disclosed in the technical report and PEA by Tetra Tech “Technical Report and Preliminary Economic Assessment Update for the Tuvatu Gold Project, The Republic of Fiji” dated September 2020, comprises 1,007,000 tonnes Indicated at 8.48 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au.
On behalf of the Board of Directors of
Lion One Metals Limited
“Walter Berukoff”
Chairman and CEO
View source version on: www.liononemetals.com and on the SEDAR website at www.sedar.com.