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- Lion One Metals (LLO) has confirmed strong gold assays during a follow-up wedge drilling program at its Tuvatu project in Fiji
- After first hitting high grades in late July, the company commenced the diamond wedge drilling program to further outline the recently intersected mineralisation
- The first wedge drill hole at the site intersected 85.70 grams per tonne gold over 3.3 metres, confirming previous gold intersects in the area
- The ongoing program also intersected 12.7 metres at 55.43 grams per tonne gold, as well as an exceptionally high grade of 582.33 grams per tonne gold across 0.9 metres
- With the first wedge hole now complete the company is preparing to drill a second, which will retest mineralisation data gathered in the previous program
- Lion One Metals closed 1.42 per cent in the red for $2.09 each
Lion One Metals (LLO) has confirmed strong gold assays during follow-up a wedge drilling program at its Tuvatu alkaline gold project in Fiji.
After first hitting high grades in late July, the company commenced the diamond wedge drilling program to further outline the recently intersected mineralisation.
The first hole in the program reached a depth of 709 metres and successfully hit similarly high grades during its decent.
Notably, drilling intersected 85.70 grams per tonne gold over 3.3 metres, with two higher internal assays reaching 305 grams per tonne and 255 grams per tonne across 0.3 metres and 0.6 metres, respectively.
Drilling also intersected 12.7 metres at 55.43 grams per tonne gold and an exceptionally high grade of 582.33 grams per tonne gold across 0.9 metres.
With the first hole now complete the company is preparing to drill a second, which will retest mineralisation data gathered in the previous program.
Technical advisor to Lion One Dr. Quinton Hennigh said the company was intrigued by the new structures easterly trend.
“Although we need data from our second wedge hole to better assess its precise orientation, it appears to trend in a similar orientation to the Murau lodes comprising the West Tuvatu lode system situated immediately to the west,” he said.
“With information in hand, we are currently preparing drill pads to the south of this area so we can aggressively drill this target at a more orthogonal orientation along strike and at depth,” he added.
Lion One Metals closed 1.42 per cent in the red for $2.09 each.
