Lion One Metals Limited (TSXV: LIO) (ASX: LLO) has obtained significant high-grade gold results from ongoing grade control drilling at its wholly-owned Tuvatu Alkaline Gold Project in Fiji.
Assay results are presented here for grade control drilling completed on both the URW1 lode system as well as the Zone 5 area of the deposit, which encompasses the upper portion of lodes UR1, UR2, UR3, UR4, URW2, URW3, URW1A, and UR2A.
In mid May the company reported initial mining of the URW1 lode system had commenced and grade control drilling is being completed in advance of mining.
The Zone 5 area of the deposit is scheduled for mining in early 2024 and thus the grade control drilling in this area is being conducted in anticipation of future mining, as well as to increase the knowledge of the deposit in that area.
Additional high-grade intersections peripheral to both the URW1 and the Zone 5 areas are also included in this release as part of the grade control programme.
Grade control drilling is being conducted on 5-10m centres and is designed to provide a much higher resolution of the lode arrays than compared to infill drilling, which is being conducted on approximately 20m centres.
This increased resolution provides a much better understanding of the geometry and mineralization of the lodes and helps to optimize mine development and extraction. The grade control drilling program is currently on schedule and the results to date confirm the local understanding of the URW1 and Zone 5 geological models.
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