Lion One Metals Limited (TSXV: LIO) has completed a CSAMT (Controlled Source Audio-frequency Magnetotellurics) survey at its wholly-owned Tuvatu Alkaline Gold Project in Fiji.
Highlights:
• 14 new CSAMT survey lines were completed, including 7 across the main Tuvatu deposit area.
• Three lines from the 2019 CSAMT survey were extended.
• Station density has doubled from 100 m in the 2019 survey to 50 m in the 2022-23 survey.
• Line spacing has halved from an average of 560 m in 2019 to an average of 300 m in 2023.
• A total of approximately 33 line-kms were surveyed (11 km in 2022 and 22 km in 2023).
• CSAMT processing and interpretation is expected to be complete in July; increased resolution of the
CSAMT data will be used to generate high quality drill targets across the Navilawa caldera.
“We’re thrilled to have completed our CSAMT survey and we eagerly await the results of the survey, which we hope to have available later in July,” Chairman and CEO Walter Berukoff said.
“The 2019 survey was invaluable in helping us to discover the feeder zone underlying Tuvatu and led us directly to the 500 Zone, where we intersected 75.9m of 20.86g/t Au.
“The 2022-2023 survey will complement the 2019 survey and will dramatically improve survey resolution across the property, where we have already identified numerous exciting and untested prospects. “The CSAMT data will help us to identify and refine drill targets underlying those prospects and we look forward to drill testing select targets later in 2023.”
For further information please visit: https://liononemetals.com/
