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Explorer Drills Deepest Mineralized Intercept to Date at Fiji Project
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Lion One Metals also confirms shallow high-grade mineralization at its Tuvatu project.

Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release that two recently drilled holes returned high-grade gold mineralization at its Tuvatu project on Fiji.

One the holes, TUDDH514, encountered two high-grade lodes. One lode was 24 meters (24m) of 13.31 grams per ton gold (13.31 g/t Au) starting at 495.6m, including 0.35m of 64.4 g/t Au.

The other lode returned 3.47m of 20.71 g/t Au beginning at 706.94m and included a significantly high-grade interval, 0.23m of 294.5 g/t Au.

TUDDH514 hit the deepest mineralized intercept encountered to date at Tuvatu: 0.35m of 10.52 g/t Au at 983.15m downhole. The hole was drilled down to 1,014.8m.

The company noted that TUDDH514 confirmed the orientation indicated by prior holes of the deep, high-grade lode hit by TUDDH500, that it is northeast and near vertical. It remains open along strike, updip and at depth.

"The high-grade intercept of 3.47m grading 20.71 g/t Au encountered in hole TUDDH514 is fully 100m vertically below and 7m along strike from our high-grade intercept in hole TUDDH500 and its wedge holes," commented Dr. Quinton Hennigh, technical advisor to Lion One. "This is a big step-out and gives us high confidence we have discovered a significant root structure below the Tuvatu lode system."

"In addition, this hole encountered a somewhat shallower high-grade intercept of 2.24m grading 13.31 g/t Au on a second deep-rooted lode. For a system that hosts approximately 2,500-3,000 oz of resource per vertical meter, seeing these deep holes deliver such high-grade intercepts well-below the existing resource is encouraging. We are quite keen to see what wedge hole, TUDDH514w1, and our other deep hole, TUDDH517, deliver as they further test these deep high-grade lodes," Dr. Hennigh added.

As for the second new hole reported, TUDDH518, it returned 0.6m of 2.08 g/t gold between 163.6m and 164.2m downhole, including 0.25m of 255.5 g/t gold between 190.7m and 190.95m downhole, through what the company thinks is the UR2 lode. The hole was drilled to a depth of 197.8m.

"Soon, we will see arrival of our underground drill rigs, further allowing us to ramp up the pace of exploration. This is shaping up to be a very busy year at Tuvatu," Dr. Hennigh stated.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Lion One Metals. Click here for important disclosures about sponsor fees.
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