Lion One Metals (TSX-V:LIO) reports ‘high-grade’ gold results from 3,337m of underground infill and grade control drilling at its Tuvatu Alkaline Gold Project in Fiji.
The company intersected 4.2m grading 715.15 grams per tonne gold (Au), representing the ‘highest grade’ over width in Tuvatu’s history.
The interval sits 55m from the Western Decline and intersected a shallow-dipping roscoelite-bearing vein within the Murau lode system.
Lion One completed 18 drillholes from the 1103 level underground drill station, with 14 holes intersecting ‘high-grade’ mineralisation. The program targeted southern and down-dip extensions of the Ura and Murau lodes in Zone 2.
Additional ‘high-grade’ results include 6,571.2g/t Au over 0.45m, marking the ‘highest-grade assay result ever’ returned at Tuvatu, along with intersections of 325.75g/t Au over 0.4m, 237.58g/t Au over 0.4m, 162.75g/t Au over 0.5m, and 126.93g/t Au over 0.4m.
Most ‘high-grade’ intersects are located within 15m to 75m of underground development and within 50m vertical distance.
CEO Ian Berzins says the results are extremely pleasing, particularly given their proximity to existing workings in an area of limited drilling.
“We’re extremely pleased with the new results from our Zone 2 drilling. The interval of 715.15g/t gold over 4.2m is the highest grade over width in the history of Tuvatu, and it’s located in close proximity to our underground workings in an area of limited drilling,” Berzins remarks.
The Ura and Murau systems remain open at depth and along strike, representing opportunities for resource expansion.
The Zone 2 area includes the Ura, Murau, and AV mineralised lode systems. Drilling targeted 12.5m by 12.5m spacing in the Murau lodes and 25m by 25m spacing in the Ura lodes.
Lion One Metals is a gold producer headquartered in Canada with its flagship 100%-owned Tuvatu Alkaline Gold Project in Fiji.
Write to JC Villarba at Mining.com.au
Images: Lion One Metals
