The Conversation (0)
Lion One Metals Limited reported results from concurrent trenching and drill core analysis programs at its Tuvatu Gold Project on the island of Viti Levu in Fiji. Trench 7 exposed a wide interval of coexisting porphyry and epithermal gold mineralization averaging 3.96 g/t gold over 71 meters.
As quoted in the press release:
The Company expects to significantly increase the resource base through the process of sampling and assaying unsampled core material and by significantly lowering the 3 g/t grade cutoff applied in historic reserve estimates.
Lion One Metals, Chairman & CEO, Walter Berukoff, said:
“These results provide further confirmation that porphyry and epithermal gold mineralization coexist in the Tuvatu system. We are advancing Tuvatu’s transition into a large bulk tonnage target and are encouraged by the latest exploration results, which continue to broaden the horizontal and vertical extent and continuity of gold mineralization in the Tuvatu system.”
Click here to read the Lion One Metals (TSXV:LIO) press release
Click here to see the Lion One Metals (TSXV:LIO) profile.