Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release it acquired Geodrill's drilling equipment to use on its Tuvatu gold project in Fiji.
The assets Lion One purchased from the Nadi, Fiji-based exploration drilling company include two diamond drill rigs, one surface and one underground, along with drilling rods, downhole survey cameras and temperature monitors, transport vehicles, support trucks and a spare parts collection. The company had actually used the surface rig for much of its explorative drilling over the past five years.
"Lion One has also hired an experienced local drilling team that will ensure the company has readily available, cost-effective drilling capabilities well into the future," Lion One's Managing Director Stephen Mann said in the release.
The next step for the company is to plan future drilling that will commence once Fiji's rainy season ends, the company noted.
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