Lion One Metals Limited (TSXV: LIO | OTCQX: LOMLF | ASX: LLO) has reported high-grade gold results from underground sampling and announces the expansion of gold mineralization at its 100% owned Tuvatu Alkaline Gold Project in Fiji.
Lion One chairman and CEO Walter Berukoff commented: “We’re very pleased with the results from our wall sampling programme. The programme was initiated following the identification of coarse visible gold in veinlets in the walls of both the URW1a and URW1b mine drives. The results indicate that there is significant gold mineralization present in the walls of both drives, and that the mineable width of both drives is therefore considerably wider than we expected based on drill results.”
Sampling along the walls of the URW1a and URW1b mine drives at Tuvatu has returned high-grade gold results, indicating that the gold mineralization associated with both the URW1a and URW1b lodes extends beyond the walls of the current drives. The grades associated with the URW1a and URW1b lodes are higher than anticipated and the results reported by the company indicate that the high-grade gold mineralization associated with these lodes is also greater in width than that which was estimated from drilling.
Highlights of wall sampling, parallel to sub-parallel to strike-drives, on URW1a and URW1b:
18.70g/t Au over 17.8m (including 91.15g/t Au over 1.0m) (URW1b – Right Wall)
32.34g/t Au over 10m (including 149.86g/t and 80.11g/t Au over 1.0m each) (URW1b – Left Wall)
17.11g/t Au over 18m (including 150.77g/t Au over 1.0m) (URW1a – Right Wall)
20.72g/t Au over 11m (including 107.56g/t Au over 1.0m) (URW1a – Left Wall)
24.76g/t Au over 7m (including 67.06g/t Au over 1.0m) (URW1a – Left Wall)
“An investigation is now underway to determine how far this additional gold mineralization extends into the walls of both drives and how much additional high-grade material we can expect to mine from these lodes. Mining is ongoing in both drives and we’re hopeful that this additional gold mineralization will provide a further boost to our growing stockpile in advance of our plant commissioning later this year.” Added Walter.
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