| Lion One Confirms High Grade Gold 1 km from Planned Mill Site at Tuvatu in Fiji | |
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North Vancouver, British Columbia--(Newsfile Corp. - February 28, 2018) - Lion One Metals Limited (TSXV: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSX: LY1) (the "Company") announces that a surface sample of 502 g/t gold over 0.70 metres has been returned from the Jomaki prospect 1 km from the planned mill site at its 100% owned and fully permitted Tuvatu Gold Project, now in the development stage, located on the island of Viti Levu in the Republic of Fiji. The high grade assay result was returned from bench sampling, and extends the Jomaki prospect, located 1,300 metres south-west of the main mineralized zone at Tuvatu, and 1 km south-west of the planned mill site. The Jomaki prospect consists of a zone of closely spaced veins that have been mapped over a strike length of 400 metres which remain open to the north and south. This new sample was taken 21 metres east of a previously collected 125 g/t gold result. Both high-grade samples are from steep east dipping veins within the Nadele Breccia (an extrusive volcanic breccia) and near to the contact with the Navilawa Monzonite. "The objective of Phase One of the 2018 surface exploration program is to confirm zones of high grade gold inside our Mining Lease but distinct from the main zone of mineralization at Tuvatu," said Stephen Mann, "We expect to report further results from the 2018 sampling programs soon." Figure 1: Geology and surface sampling at the Jomaki Prospect (samples > 2g/t labelled).
To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/2178/33183_lion1enhanced.jpg |
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Lion One Metals Ltd.
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CODE : LIO.V |
ISIN : CA5362161047 |
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Lion One Metals is a exploration company based in Canada. Lion One Metals is listed in Canada. Its market capitalisation is CA$ 48.3 millions as of today (US$ 35.3 millions, € 32.9 millions). Its stock quote reached its lowest recent point on January 18, 2019 at CA$ 0.35, and its highest recent level on July 31, 2020 at CA$ 2.66. Lion One Metals has 101 720 000 shares outstanding. |