Further upside potential remains deeper in the
gold system.
Lion One
Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release it started a regional geochemical survey
across the Navilawa caldera near the company's Tuvatu project on Viti Levu in
Fiji.
This survey, which will cover Navilawa SPL 1512, is part of the first
phase of the company's planned 2019 exploration program. Lion One will employ
the bulk leach extractable gold (BLEG) technique during the survey to analyze
the fine-grained gold taken from stream sediment locales over the 7 kilometer
(7 km) in diameter caldera.
Similar work, already underway over the area covered in the Tuvatu mining
lease and the immediately adjacent parts of the exploration licenses
(SML1283, SML1296, SML1465), continues as well.
The second phase of this year's exploration program will be a geophysical
survey over Navilawa using controlled source audiofrequency magnetotellurics.
This will be done to assess the deeper structure of the gold system and
further delineating drill targets.
Lion One's technical advisor, Dr. Quinton Hennigh, pointed out in the
release that alkaline gold systems typically have "deep vertical
profiles." Also, drilling at Tuvatu has been done only to a depth of 300
meter (300m), and mineralization remains open laterally across the highly
prospective ground in the caldera. Further, the Vatukoula project, which is
about 40 km away from the caldera, has an 11 million-ounce-plus gold deposit.
"So we believe Tuvatu has significant resource upside potential,"
Hennigh added.
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