Image Sourced
Market Herald logo


Be the first with the news that moves the market

Lion One Metals Limited has announced its advisor and geology team will undertake an evaluation at the Tuvatu Gold Deposit, in Fiji – an area know to have an expansive alkaline gold system.

Although alkaline gold deposits have similarities with low sulfidation epithermal vein deposits, they are now considered its own class of gold deposit.

This is not surprising as alkaline gold deposits are some of the largest gold deposits on earth. In late 2017, Lion One won the tender process for the remainder of the Navilawa caldera which is a large alkaline magmatic complex.

It measures approximately 7km. Lion One will use a technique called ‘bulk leach extractable gold (BLEG) to sample the entire area, in hopes to fully define the extent of gold mineralization at Navilawa.  Work on this will commence post-rainy season. Further areas are expected to generate follow-up prospecting, once BLEG results are returned.

The immediate goal, however, is to generate a pipeline of new drill targets. Lion One has already envisioned its strategy for drill-testing the complex. The first being large ‘step-out’ drilling around Tuvatu’s high-grade vein system and the second being the prospect of new targets.

Please find the announcement attached

LLO by the numbers
More From The Market Herald
The Market Herald Video

" Ora Gold (ASX:OAU) obtains unsecured $500k loan facility

Ora Gold (ASX:OAU) has obtained an unsecured $500,000 loan facility from Ioma to assist with general…
Blaze Minerals (ASX:BLZ) - Managing Director, Simon Coxhell

" Blaze Minerals (ASX:BLZ) sees early drill success at Earaheedy, WA

Blaze Minerals (ASX:BLZ) has seen early success at its Earaheedy Basin project in Western Australia after…
The Market Herald Video

" Cannindah Resources (ASX:CAE) raises $2m to continue Mt Cannindah drilling

Cannindah Resources (ASX:CAE) completes a $2 million capital raising to continue its drilling program at Mt…

" Austral Gold (ASX:AGD) robbed of gold precipitate in armed robbery at Guanaco, Chile

Austral Gold (ASX:AGD) reported an armed robbery incident at its Guanaco refinery at Taltal in the…