Expands Deep Feeder Zone 500 At Tuvatu
Lion One Metals Limited (TSXV: LIO) has hit further high-grade intercepts in two recently completed drillholes as part of ongoing deep extensional step-out drilling from the company’s 100% owned Tuvatu gold project in Fiji.
Drill highlights include:
33.40 g/t Au over 3.90m from downhole depth of 629.30m from TUDDH544-W2, including 105.0 g/t Au over 0.30m from 629.6m, 65.0 g/t Au over 0.30m from 630.2m, and 112.0 g/tAu over 0.30m from 631.1m
48.74 g/t Au over 0.6m from downhole depth of 651.50m, and 33.06 g/t Au over 0.6m from downhole depth of 658.2m, from hole TUDDH544-W1
“High grade mineralisation in Deep Feeder Zone 500 has now been demonstrated to extend over an area approximately 150m along strike and 300m vertically with an overall calculated weighted average grade of >23 g/t Au; Zone 500 mineralisation will add significantly to the overall Au inventory of the Tuvatu orebody,” Sergio Cattalani, Lion One’s Senior Vice President Exploration, said.
“Furthermore, an improved understanding of the orientation of the 500 Zone now allows us to connect this high-grade feeder to the base of the existing resource. We continue to plan additional drilling to test the lateral and vertical extents of this zone which remains open in all directions.”
Deep Feeder Zone 500
These most recent intercepts are believed to be the continuation of the interpreted deep feeder structure that encountered 55.43 g/t Au over 12.70m in TUDDH500, 55.44 g/t Au over 2.30m in TUDDH533 and 24.92 g/t Au over 3.70m in TUG-135, among many others.
This important gold-bearing structure has now been intersected by multiple holes, including TUDDH500, 500W1, 500W2, TUDDH533, 533W1, TUDDH528, TUDDH517, 517W1, TUDDH514, 514W1, TUDDH544W1, TUDDH544W2, TUG135, and TUG136. At 33.40 g/t Au over 3.90m, the intercept reported here from TUDDH544W2 represents one of the best overall downhole intercepts to date, for holes drilled at a high angle to the 500 Zone structure.
The growing number of intercepts has allowed for a remodelling of the 500 Zone structure such that the current best-fit orientation of the 500 Zone is now modelled with an azimuth of N060° and a dip of -88°, with all of the high-grade intercepts from the boreholes listed above captured by an approximately 25m wide envelope.
This revised model for the 500 Zone structure connects the 500 Zone to the Tuvatu orebody at a depth of approximately -150m RSL by way of two historic drillholes (TUDDH212, previously interpreted as the base of UR2 lode; and TUG110, previously interpreted as part of the URW3 lode) which occur in the lowermost portion of the existing resource model. This portion of the orebody remains significantly under-drilled.
Based on only the few, currently reported number of intercepts, the 500 Zone as defined above has a calculated weighted average thickness of approximately 2.75m and a calculated weighted average grade of 23.31 g/t Au, or approximately 2.6X the average grade of the current Tuvatu resource it underlays.
At present, it represents an approximate increase in contained Au ounces of >25% (uncategorised) over the existing resource. It is increasingly clear that the current Tuvatu resource represents only a fraction of a much larger and considerably more extensive, high-grade Au deposit for which additional drilling is warranted to further define its full extent.
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