Lion One Drills 236.00 g/t Gold over 0.4 m Near Mine Underground at Tuvatu Gold Mine in Fiji
Lion One Drills 236.00 g/t Gold over 0.4 m Near
Mine Underground at Tuvatu Gold Mine in Fiji
North Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) -
Lion One Metals Limited
(TSXV:
LIO) (OTCQX: LOMLF)
("Lion One" or the "Company")
is pleased to report significant new high-
grade gold results from 4,123.8 meters of underground infill and grade control drilling at its 100% owned
Tuvatu Alkaline Gold Project in Fiji ("
Tuvatu
"). The drilling is focused on the Zone 5 area of the deposit,
which is currently being mined.
Drilling was conducted from two near surface underground drill stations. The Company intersected high-
grade mineralized structures in 29 drill holes targeting the UR2 lode down-dip of current underground
developments. Most of the drill holes did not exceed 150 m in length and most of the high-grade drill
intercepts are located within 50 m of current underground workings. Drill results include multiple bonanza
grade gold intercepts over narrow widths, such as
236.00 g/t over 0.4 m, 101.58 g/t over 0.5 m,
102.35 g/t over 0.3 m, 94.23 g/t over 0.3 m, and 89.63 g/t over 0.4 m
. Due to the proximity of drill
results to existing workings there is a strong probability that these intercepts can be incorporated into the
mine plan in the next six to twelve months.
Tuvatu is a high-grade narrow vein alkaline gold deposit and bonanza grade drill results are not
uncommon on the project. In January the Company released the highest grade assay ever returned from
Zone 5 drilling;
2,749.86 g/t
over 0.3 m (see press release dated January 23, 2025). Previous high-
grade drill results from Zone 5 include
1,517.79 g/t
gold over 0.3 m (see press release dated December
17, 2024),
1,568.55 g/t
over 0.3 metres (see press release dated June 5, 2024), and
1,986.23 g/t
gold
over 0.6 m (see press release dated December 13, 2023).
Highlights of New Drill Results
:
236.00 g/t Au over 0.4 m
(TGC-0345, from 109.42 m depth)
25.89 g/t Au over 3.0 m
(including 101.58 g/t Au over 0.5 m g/t) (TGC-0359, from 110.7 m depth)
16.85 g/t Au over 3.0 m
(including 38.27 g/t Au over 0.9 m) (TGC-0339, from 104.7 m depth)
18.26 g/t Au over 2.5 m
(including 89.63 g/t Au over 0.4 m) (TGC-0332, from 67.14 m depth)
15.36 g/t Au over 2.7 m
(including 47.25 g/t Au over 0.3 m) (TGC-0343, from 75.3 m depth)
27.08 g/t Au over 1.5 m
(including 94.23 g/t over 0.3 m) (TGC-0343, from 61.7 m depth)
16.34 g/t Au over 2.3 m
(including 23.57 g/t over 0.6 m) (TGC-0335, from 102.1 m depth)
29.44 g/t Au over 1.3 m
(including 102.35 g/t Au over 0.3 m) (TGC-0347, from 108.96 m depth)
25.96 g/t Au over 1.4 m
(including 43.58 g/t Au over 0.6 m) (TGC-0343, from 68.9 m depth)
14.23 g/t Au over 2.4 m
(including 23.37 g/t Au over 0.4 m) (TGC-0327, from 101.9 m depth)
*Drill intersects are downhole lengths, 3.0 g/t cutoff. True width not known. See Table 1 for additional data.
Figure 1. Location of the UR2 drilling reported in this news release.
Left image: Plan view of the
UR2 drilling in relation to the UR2 lode shown in green and other mineralized lodes shown in grey, with
Tuvatu underground development shown in red. Yellow dashed square represents the area shown in the
right image. Right image: Section view of the UR2 drilling looking West.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/250404_792a212d848f0816_001full.jpg
Zone 5
The Zone 5 area of Tuvatu is located along the main decline and includes the principal north-south and
northeast-southwest oriented lodes at Tuvatu, as well as several western lodes. These lodes are steeply
dipping structures that converge at approximately 500 m depth to form Zone 500, which is the highest-
grade part of the deposit and is interpreted to be a major feeder zone at Tuvatu. The system remains
open at depth with the deepest high-grade intersections occurring below 1000 m depth.
The drilling reported in this news release targeted the near-surface portion of the UR2 lode down-dip of
current underground developments. The UR2 lode is one of the main north-south oriented lodes at
Tuvatu. It has a strike length of approximately 600 m and dips steeply to the east. Mine development is
currently taking place along the UR2 lode at the 1100 and 1102 levels of the mine, which are the deepest
levels in Zone 5, as well as at the 1134 level of the mine. The drilling reported here was conducted from
two underground drill stations; the 1090 drill station and the 1135 drill station. Drilling from the 1090 drill
station targeted a 60 m wide section of the UR2 lode between 30 m and 50 m below the 1100 level at
the south end of the lode. Drilling from the 1135 drill station targeted a 100 m wide section of the UR2
lode approximately 10 m above and 10 m below the 1102 level in the middle portion of the lode.
The UR2 drill program consists of infill and grade control drilling with the purpose of providing a detailed
understanding of the geometry and mineralization of the UR2 lode in advance of mining. Drilling is being
conducted on 10 m centers. 29 out of the 32 drill holes reported in this news release intersected high-
grade mineralization. Most of the high-grade intervals reported in this release are located within 50 m of
underground developments and are anticipated to be included in the mine plan in the next 6 to 12
months. One additional hole (TGC-0311) was drilled to test a deeper portion of the UR2 lode and
returned several high-grade intercepts approximately 80 m below the 1102 level. Highlights of the Zone 5
drilling reported here are shown in Figure 2.
Figure 2. UR2 drilling with high-grade intersects highlighted, 3.0 g/t gold cutoff.
Oblique view
looking down to the NW. The drill holes shown here primarily targeted areas of the UR2 lode scheduled
for near-term mining below current underground developments.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/250404_792a212d848f0816_002full.jpg
Note on Composite Grades
The drill holes reported in this news release are oriented approximately perpendicular to mineralization.
The reported intercepts therefore approximate the true width of mineralization. Tuvatu consists of high-
grade narrow vein mineralization. The headline intercept of 236.00 g/t gold over 0.4 m therefore has an
approximate true width of 0.4 m, as reported. The minimum mining width at Tuvatu is approximately 1.5
m. In reporting drillhole intercepts Lion One uses a grade composite cut-off of 3 g/t gold with <1 m
internal dilution at <3 g/t. Drill hole intervals that are <3 g/t are below cutoff and are not included in Table
2.
Competent Person's Statement
In accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-
101"), Melvyn Levrel, MAIG, Senior Geologist for Lion One Metals, is the Qualified Person for the
Company and has reviewed and approved the technical and scientific content of this news release.
Lion One Laboratories / QAQC
Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in
conducting its drilling, sampling, testing, and analyses. The Company operates its own geochemical
assay laboratory and its own fleet of diamond drill rigs using PQ, HQ and NQ sized drill rods. The Lion
One geochemical laboratory is accredited under the IANZ ISO/IEC 17025:2017 Standard - the
international standard for testing and calibration of laboratories.
Diamond drill core samples are logged by Lion One personnel on site. Exploration diamond drill core is
split by Lion One personnel on site, with half core samples sent for analysis and the other half core
remaining on site. Grade control diamond drill core is whole core assayed. Core samples are delivered
to the Lion One Laboratory for preparation and analysis. All samples are pulverized at the Lion One lab
to 85% passing through 75 microns and gold analysis is carried out using fire assay with an AA finish.
Samples that return grades greater than 10.00 g/t Au are re-analyzed by gravimetric method, which is
considered more accurate for very high-grade samples.
Duplicates of 5% of samples with grades above 0.5 g/t Au are delivered to ALS Global Laboratories in
Australia for check assay determinations using the same methods (Au-AA26 and Au-GRA22 where
applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach
and ICP-AES (method ME-ICP61). The Lion One lab can test a range of up to 71 elements through
Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite
of 26 important pathfinder elements with an aqua regia digest and ICP-OES finish.
About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with
new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The
Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the
Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the
entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration
targets.
On behalf of the Board of Directors,
Walter Berukoff, Chairman & President
Contact Information
Email:
Phone: 1-855-805-1250 (toll free North America)
Website:
www.liononemetals.com
Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or
accuracy of this release
This press release may contain statements that may be deemed to be "forward-looking statements"
within the meaning of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein are forward-looking information. Generally, forward-
looking information may be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words
and phrases, or by the use of words or phrases which state that certain actions, events or results may,
could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals
Limited's current beliefs and is based on information currently available to Lion One Metals Limited
and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include,
but are not limited to, the actual results of exploration projects being equivalent to or better than
estimated results in technical reports, assessment reports, and other geological reports or prior
exploration results. Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance, or achievements of
Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied
by such forward-looking information. Such risks and other factors may include, but are not limited to:
the stage development of Lion One Metals Limited, general business, economic, competitive,
political and social uncertainties; the actual results of current research and development or
operational activities; competition; uncertainty as to patent applications and intellectual property
rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals;
changes in legislation, including environmental legislation, affecting mining, timing and availability of
external financing on acceptable terms; not realizing on the potential benefits of technology;
conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals.
Although Lion One Metals Limited has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should
not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake
to update any forward-looking information, except in accordance with applicable securities laws.
Appendix 1: Full Drill Results and Collar Information
Table 1.
Collar coordinates for drillholes reported in this release. Coordinates are in Fiji map grid.
Hole ID
Easting
Northing
Elevation
Azimuth
Dip
Depth
TGC-0311
1876383
3920627
128
79.2
-48.5
165.3
TGC-0313
1876384
3920429
94
107.5
-28.3
135.1
TGC-0315
1876384
3920625
128
111.7
-15.9
130.9
TGC-0316
1876384
3920429
94
96.5
-27.8
121.5
TGC-0318
1876383
3920626
128
111.3
-20.2
131.3
TGC-0319
1876384
3920429
94
99.9
-19.8
141.4
TGC-0321
1876384
3920626
128
100.8
-16.4
125.7
TGC-0323
1876384
3920428
94
114.9
-21.0
122.6
TGC-0325
1876384
3920626
128
103.4
-21.9
130.3
TGC-0326
1876384
3920427
94
129.7
-19.9
133.4
TGC-0327
1876384
3920626
128
92.0
-17.0
126.6
TGC-0330
1876384
3920426
94
143.5
-19.9
122.7
TGC-0331
1876384
3920626
128
93.4
-23.0
125.4
TGC-0332
1876384
3920428
94
122.0
-27.7
121.0
TGC-0333
1876384
3920627
128
88.1
-20.9
122.6
TGC-0335
1876384
3920627
128
157.4
0.8
131.6
TGC-0336
1876384
3920429
94
94.9
-22.5
109.7
TGC-0338
1876384
3920429
94
106.3
-22.8
95.8
TGC-0339
1876384
3920627
128
78.4
-19.9
120.0
TGC-0341
1876384
3920428
94
113.4
-25.2
95.6
TGC-0342
1876384
3920627
128
76.0
-14.5
121.3
TGC-0343
1876384
3920429
94
101.1
-25.8
105.0
TGC-0345
1876384
3920627
128
73.9
-22.0
125.7
TGC-0347
1876384
3920627
128
68.7
-20.7
111.5
TGC-0351
1876383
3920628
128
64.0
-18.1
130.0
TGC-0355
1876383
3920628
128
59.4
-17.4
135.0
TGC-0359
1876383
3920628
128
60.8
-9.3
135.0
TGC-0360
1876383
3920628
128
57.0
-11.3
139.0
TGC-0363
1876383
3920628
128
54.7
-16.1
143.3
TGC-0365
1876383
3920628
128
52.9
-11.1
148.0
TGC-0367
1876383
3920628
128
51.3
-17.8
155.6
TGC-0370
1876383
3920628
128
49.5
-13.0
165.9
Table 2
. Composite intervals from drillholes reported in this news release (composite grade >3.0 g/t Au,
with <1 m internal dilution at <3.0 g/t Au).
Hole ID
From (m)
To (m)
Width (m)
Au (g/t)
TGC-0311
140.1
140.4
0.3
14.59
150.2
151.3
1.1
7.11
including
150.2
150.7
0.5
11.83
and
150.7
151.0
0.3
0.93
and
151.0
151.3
0.3
4.96
TGC-0313
57.3
57.8
0.5
4.92
65.8
66.3
0.5
4.65
74.0
75.6
1.6
5.15
including
74.0
74.4
0.4
5.68
and
74.4
74.9
0.5
0.07
and
74.9
75.2
0.3
2.96
and
75.2
75.6
0.3
13.46
83.2
84.4
1.2
5.16
TGC-0315
95.8
96.2
0.4
3.54
TGC-0316
56.6
58.2
1.6
8.48
including
56.6
56.9
0.3
19.58
and
56.9
57.2
0.3
12.37
and
57.2
57.6
0.4
4.95
and
57.6
58.2
0.6
3.33
60.9
61.2
0.3
9.30
64.2
64.5
0.3
4.96
79.6
80.6
1.0
5.98
including
79.6
79.9
0.3
6.46
and
79.9
80.3
0.4
3.38
and
80.3
80.6
0.3
8.98
TGC-0318
103.6
104.9
1.3
18.03
including
103.6
104.3
0.7
8.71
and
104.3
104.9
0.6
28.90
120.4
120.7
0.3
3.71
TGC-0319
51.8
52.3
0.5
3.51
61.5
61.9
0.4
8.08
66.7
69.0
2.3
4.43
including
66.7
67.1
0.3
3.12
and
67.1
67.4
0.3
0.94
and
67.4
68.0
0.6
0.03
and
68.0
68.5
0.5
11.28
and
68.5
69.0
0.5
5.56
70.3
70.6
0.3
37.50
71.8
73.9
2.1
4.61
including
71.8
72.2
0.4
3.96
and
72.2
72.6
0.4
5.09
and
72.6
73.5
1.0
1.62
and
73.5
73.9
0.3
13.87
90.0
90.3
0.3
4.58
TGC-0321
103.1
103.5
0.4
5.22
106.2
108.1
1.9
4.74
including
106.2
106.6
0.4
4.53
and
106.6
106.9
0.3
6.99
and
106.9
107.2
0.3
1.45
and
107.2
107.8
0.6
5.36
and
107.8
108.1
0.3
4.84
TGC-0323
57.9
59.8
1.9
10.42
including
57.9
58.2
0.3
13.68
and
58.2
58.5
0.3
1.37
and
58.5
58.8
0.3
4.45
and
58.8
59.1
0.3
14.99
and
59.1
59.5
0.4
14.28
and
59.5
59.8
0.3
12.43
64.4
64.7
0.3
4.60
100.5
100.8
0.3
5.98
TGC-0325
110.3
113.5
3.2
3.55
including
110.3
110.9
0.6
4.70
and
110.9
111.5
0.6
0.72
and
111.5
111.8
0.3
3.02
and
111.8
112.1
0.3
7.40
and
112.1
112.5
0.4
5.69
and
112.5
112.9
0.4
0.14
and
112.9
113.2
0.3
0.23
and
113.2
113.5
0.3
8.56
TGC-0326
62.4
62.7
0.3
3.15
64.4
64.8
0.3
3.85
65.5
65.8
0.3
3.58
TGC-0327
101.9
104.3
2.4
14.23
including
101.9
102.2
0.3
3.24
and
102.2
102.7
0.5
2.86
and
102.7
103.0
0.3
8.35
and
103.0
103.3
0.3
20.58
and
103.3
103.7
0.4
23.37
and
103.7
104.3
0.6
22.86
TGC-0330
75.0
75.3
0.3
6.02
TGC-0331
108.2
108.8
0.6
4.17
including
108.2
108.5
0.3
3.15
and
108.5
108.8
0.3
5.19
TGC-0332
67.1
69.6
2.5
18.26
including
67.1
67.4
0.3
12.37
and
67.4
67.8
0.3
<0.01
and
67.8
68.2
0.4
<0.01
and
68.2
68.6
0.4
89.63
and
68.6
68.9
0.3
14.51
and
68.9
69.2
0.3
3.73
and
69.2
69.6
0.4
4.66
TGC-0333
103.5
106.1
2.6
9.22
including
103.5
103.8
0.3
13.88
and
103.8
104.2
0.4
5.02
and
104.2
104.6
0.4
35.43
and
104.6
104.9
0.3
4.41
and
104.9
105.8
0.9
0.58
and
105.8
106.1
0.3
5.96
TGC-0335
102.1
104.4
2.3
16.34
including
102.1
102.6
0.5
21.78
and
102.6
103.2
0.6
23.57
and
103.2
103.8
0.6
17.20
and
103.8
104.4
0.6
3.71
TGC-0336
52.2
52.7
0.6
7.64
56.2
56.9
0.7
11.29
including
56.2
56.6
0.4
3.00
and
56.6
56.9
0.3
21.78
65.0
65.4
0.4
9.40
71.8
72.8
1.0
3.99
including
71.8
72.3
0.5
3.15
and
72.3
72.8
0.5
4.87
76.9
77.8
0.9
8.32
including
76.9
77.2
0.3
15.86
and
77.2
77.8
0.6
4.20
102.0
103.0
1.0
17.90
TGC-0338
54.9
55.5
0.6
3.82
69.1
69.7
0.6
25.89
71.7
72.3
0.6
20.54
TGC-0339
104.7
107.7
3.0
16.85
including
104.7
105.6
0.9
38.27
and
105.6
105.9
0.3
8.93
and
105.9
106.5
0.6
0.16
and
106.5
106.8
0.3
3.92
and
106.8
107.7
0.9
13.49
TGC-0341
63.0
64.0
1.0
5.23
including
63.0
63.3
0.3
3.44
and
63.3
64.0
0.7
6.00
68.5
69.1
0.6
22.78
TGC-0342
104.3
105.0
0.7
13.87
TGC-0343
58.1
58.8
0.7
3.81
including
58.1
58.4
0.3
4.58
and
58.4
58.8
0.4
3.23
60.2
60.5
0.3
4.32
61.7
63.2
1.5
27.08
including
61.7
62.2
0.5
6.69
and
62.2
62.5
0.3
94.23
and
62.5
62.8
0.3
9.85
and
62.8
63.2
0.4
15.14
68.9
70.3
1.4
25.96
including
68.9
69.2
0.3
28.99
and
69.2
69.7
0.5
3.01
and
69.7
70.3
0.6
43.58
75.3
78.0
2.7
15.36
including
75.3
75.6
0.3
47.25
and
75.6
75.9
0.3
13.93
and
75.9
76.2
0.3
2.49
and
76.2
76.7
0.5
0.30
and
76.7
77.0
0.3
6.02
and
77.0
77.3
0.3
13.46
and
77.3
77.7
0.4
14.67
and
77.7
78.0
0.3
35.07
TGC-0345
109.4
109.8
0.4
236.00
TGC-0347
109.0
110.2
1.3
29.44
including
109.0
109.3
0.3
3.65
and
109.3
109.9
0.6
3.95
and
109.9
110.2
0.3
102.35
TGC-0351
111.2
113.0
1.8
4.84
including
111.2
112.4
1.2
5.07
and
112.4
113.0
0.6
4.39
TGC-0359
106.7
107.2
0.5
3.80
110.7
113.7
3.0
25.89
including
110.7
111.0
0.3
3.07
and
111.0
111.5
0.5
26.50