Lion One Drills Exceptional High-Grade Intersections as Part of Metallurgical Drill Program
Lion One Drills Exceptional High-Grade
Intersections as Part of Metallurgical Drill
Program
North Vancouver, British Columbia--(Newsfile Corp. - October 4, 2022) -
Lion One Metals Limited
(TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO)
("Lion One" or the "Company")
is pleased to announce
assay results from recent wide-diameter (PQ) core drilled for metallurgical test work at its Tuvatu Gold
Project in Fiji.
These results complement the excellent results obtained by the infill drill program completed earlier this
year and reported on February 23, 2022 (
Lion One Reports Additional High Grade Intercepts,
Completes Phase 1 Infill Drill Program at Tuvatu - Lion One Metals
).
The additional results provided by
the metallurgical drill program reported here will be applied to the ongoing remodelling of the Tuvatu
orebody that will inform the resource update scheduled for Q1 2023.
Results of the metallurgical study
that will be based on the material provided by this drilling program will be reported as they are received.
Highlight intercepts include:
TUDDM-001
intersecting the URW1 mineralized vein:
14.96 g/t Au over 24.0m
from 81.8-105.8m including:
-
105.19 g/t Au
over 0.3m from 86.9-87.2m
-
18.67 g/t Au
over 0.6m from 91.4-92.0m
-
19.43 g/t Au
over 0.6m from 93.2-93.8m
-
26.59 g/t Au
over 0.9m from 95.6-96.5m
-
14.80 g/t Au
over 0.6m from 96.5-97.1m
-
23.43 g/t Au
over 0.6m from 97.1-97.7m
-
13.63 g/t Au
over 0.6m from 97.7-98.3m
-
33.76 g/t Au
over 0.6m from 98.3-98.9m
-
22.36 g/t Au
over 0.6m from 98.9-99.5m
-
6.04 g/t Au
over 0.9m from 99.5-100.4m
-
78.64 g/t Au
over 2.4m from 103.4-105.8m which includes:
-
9.44 g/t Au
over 0.6m from 104.6-105.2m
-
297.70 g/t Au
over 0.6m from 105.2-105.8m
TUDDM-003
intersecting the URW1 mineralized vein:
65.13 g/t Au over 3.2m
from 78.8-82.0m including:
-
98.88 g/t Au
over 2.1m from 78.8-80.9m which includes:
-
58.18 g/t Au
over 0.3m from 78.8-79.1m
-
624.81 g/t Au
over 0.3m from 79.1-79.4m
23.27 g/t Au over 3.3m
from 118.9-122.2m including
-
50.67 g/t Au
over 1.5m from 118.9-120.4m which includes:
-
19.49 g/t Au
over 0.9m from 118.9-119.8m
-
97.45 g/t Au
over 0.6m from 119.8-120.4m
TUDDM-004
intersecting the SKL and URW1 mineralized veins:
260.44 g/t Au over 0.3m
from 55.7-56.0m
213.52 g/t Au over 0.9m
from 56.6-57.5m
40.08 g/t Au over 0.9m
from 78.2-79.1m
10.03 g/t Au over 3.0m
from 130.6-133.6m including:
-
59.82 g/t Au
over 0.3m from 130.6-130.9m
-
11.39 g/t Au
over 0.3m from 130.9-131.2m
-
13.64 g/t Au
over 0.3m from 131.2-131.5m
TUDDM-005
intersecting the Murau (M) mineralized vein:
9.30 g/t Au over 5.4m
from 127.7-133.1m including:
-
31.56 g/t Au
over 0.6m
from 128.9-129.5m
-
14.99 g/t Au
over 1.2m
from 129.5-130.7m
-
6.08 g/t Au
over 0.9m
from 132.2-133.1m
22.80g/t Au over 1.5m
from 140.3-141.8m including:
-
9.55 g/t Au
over 0.3m from 140.6-140.9m
-
10.54 g/t Au
over 0.3m from 140.9-141.2m
-
58.59 g/t Au
over 0.3m from 141.2-141.5m
-
32.03 g/t Au
over 0.3m from 141.5-141.8m
TUDDM-006
intersecting the Murau (M) Lodes
9.87g/t Au over 3.9m
from 141.8-145.7m including:
-
10.01g/t Au
over 1.2m
from 141.8-143.0m
-
13.74g/t Au
over 0.6m from 143.3-143.9m
-
13.49g/t Au
over 1.2m from 144.5-145.7m
All six metallurgical drill holes were drilled from surface using wide diameter PQ core (85mm) between
June 6 and August 10, 2022. The purpose of the program was to collect samples from areas scheduled
for mining in the first 3 years of development. These assays presented are a result of one eighth split
core, with the remaining seven eighths being sent to Bureau Veritas metallurgical laboratory in
Vancouver, Canada for test work to assist in the design of optimised recoveries. As this is a
metallurgical program, the holes were designed to intersect some vein sets at an oblique angle in-order
to maximise mineralized sample recovery and as such, while drill widths does not necessarily represent
true widths, the results provide information on the continuity of Au grades. The URW1 lode is interpreted
to strike north-south and dip steeply east and has a true width of approximately 1 to 7 metres. The Murau
lodes are interpreted to strike east-west with a moderate southerly dip with multiple lodes of true-width
between 0.3 and 4 metres. The SKL lodes are dip subhorizontally, with true-widths of between 0.3 and 1
metre.
Lion One CEO Walter Berukoff commented, "These latest results underscore the continuous, high-grade
nature of the mineralization at Tuvatu.
Each batch of drill results adds enormous value to the project in
both addition of ounces to the total metal budget as well as clarification of important upside potential."
Figure 1.
Image from Leapfrog software long-section view west showing select results from
metallurgical drilling campaign. The Murau (red) and SKL lode (purple) orientations are projected on to
section.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2178/139412_3c08c4f0d449dba2_001full.jpg
Figure 2.
Image from Leapfrog software plan view showing select results from metallurgical drilling
campaign. The general outline of the Murau (red) and SKL lode (purple) is projected onto the plan.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/2178/139412_3c08c4f0d449dba2_002full.jpg
Table 1:
Drilling intervals returning >0.5 g/t Au. Intervals > 3.0 g/t Au cutoff are shown in red, and
intervals > 9.0 g/t Au or longer than 1.2m are bolded.
Hole ID
From (m)
To (m)
Interval
Metres
Lode
TUDDM-001
62.0
62.9
0.9
0.58
SKLW7
TUDDM-001
70.4
71.3
0.9
0.78
SKLW8
TUDDM-001
76.4
77.3
0.9
1.04
Undefined
TUDDM-001
79.4
80.6
1.2
1.56
SKLW12
TUDDM-001
81.8
105.8
24.0
14.96
URW1
Incl.
86.9
87.2
0.3
105.19
URW1
Incl.
91.4
92.0
0.6
18.67
URW1
Incl.
93.2
93.8
0.6
19.43
URW1
Incl.
95.6
96.5
0.9
26.59
URW1
Incl.
96.5
97.1
0.6
14.80
URW1
Incl.
97.1
97.7
0.6
23.43
URW1
Incl.
97.7
98.3
0.6
13.63
URW1
Incl.
98.3
98.9
0.6
33.76
URW1
Incl.
98.9
99.5
0.6
22.36
URW1
Incl.
99.5
100.4
0.9
6.04
URW1
Incl.
103.4
105.8
2.4
78.64
URW1
Which Incl.
104.6
105.2
0.6
9.44
URW1
and incl.
105.2
105.8
0.6
297.70
URW1
TUDDM-001
107.3
112.4
5.1
4.40
URW1
Incl.
107.3
107.9
0.6
17.00
URW1
Incl.
107.9
108.5
0.6
5.63
URW1
TUDDM-001
122.9
123.8
0.9
6.07
M7
Incl.
122.9
123.5
0.6
6.12
M7
Incl.
123.5
123.8
0.3
5.96
M7
TUDDM-002
11.5
19.4
7.9
0.93
ME1
TUDDM-002
23.0
23.3
0.3
2.93
ME1
TUDDM-002
24.8
26.6
1.8
1.31
ME1
TUDDM-002
28.7
29.0
0.3
1.11
ME1
TUDDM-002
30.8
36.2
5.4
3.29
SKLW6
Incl.
33.2
33.5
0.3
19.60
SKLW6
Incl.
33.5
34.1
0.6
6.03
SKLW6
TUDDM-002
40.1
41.0
0.9
1.45
SKLW7
TUDDM-002
47.6
48.2
0.6
1.55
SKLW8
TUDDM-002
51.2
51.5
0.3
14.26
SKLW9
TUDDM-002
55.1
55.7
0.6
0.84
SKLW9
TUDDM-002
59.0
59.6
0.6
3.71
SKLW9
Incl.
59.3
59.6
0.3
5.15
SKLW9
TUDDM-002
61.1
61.7
0.6
0.89
SKLW9
TUDDM-002
64.7
72.6
7.9
2.39
URW1
Incl.
65.6
66.2
0.6
6.76
URW1
Incl.
67.7
68.0
0.3
5.81
URW1
Incl.
69.8
70.1
0.3
5.14
URW1
TUDDM-002
75.3
75.6
0.3
1.66
M8
TUDDM-002
78.9
81.5
2.6
4.83
M8
Incl.
79.7
80.3
0.6
6.75
M8
Incl.
80.3
80.9
0.6
6.71
M8
TUDDM-002
84.2
86.3
2.1
4.24
M8
Incl.
84.2
84.5
0.3
11.91
M8
Incl.
84.5
84.8
0.3
7.41
M8
Incl.
84.8
85.1
0.3
5.17
M8
TUDDM-002
97.8
98.4
0.6
0.81
M9
TUDDM-002
101.1
101.7
0.6
1.71
M9
TUDDM-003
8.6
10.4
1.8
2.52
Undefined
Incl.
9.5
9.8
0.3
6.76
Undefined
TUDDM-003
12.2
13.1
0.9
0.73
Undefined
TUDDM-003
14.3
16.1
1.8
0.64
Undefined
TUDDM-003
17.6
17.9
0.3
0.82
Undefined
TUDDM-003
19.4
20.0
0.6
0.69
Undefined
TUDDM-003
23.6
23.9
0.3
1.43
Undefined
TUDDM-003
26.3
35.9
9.6
2.47
ME1
Incl.
31.7
32.0
0.3
6.79
ME1
Incl.
34.1
34.4
0.3
45.68
ME1
TUDDM-003
37.1
42.3
5.2
0.61
SKLW6
TUDDM-003
45.6
47.1
1.5
0.89
SKLW8
TUDDM-003
49.1
49.7
0.6
2.34
SKLW8
TUDDM-003
50.9
55.1
4.2
2.84
SKLW9
Incl.
51.5
51.8
0.3
5.16
SKLW9
Incl.
54.2
54.5
0.3
7.39
SKLW9
TUDDM-003
65.9
67.4
1.5
0.65
SKLW9
TUDDM-003
71.0
73.4
2.4
9.74
URW1
Hole ID
From (m)
To (m)
Interval
Metres
Lode
Incl.
71.6
72.2
0.6
5.00
URW1
Incl.
72.2
72.8
0.6
14.41
URW1
Incl.
72.8
73.4
0.6
16.77
URW1
TUDDM-003
78.8
82.0
3.2
65.13
URW1
Which Incl.
78.8
80.9
2.1
98.88
URW1
Incl.
78.8
79.1
0.3
58.18
URW1
Incl.
79.1
79.4
0.3
624.81
URW1
Incl.
79.4
79.7
0.3
6.20
URW1
TUDDM-003
91.9
93.1
1.2
1.00
URW1
TUDDM-003
95.2
98.9
3.7
4.89
M4
Incl.
95.2
95.8
0.6
12.44
M4
Incl.
97.6
97.9
0.3
18.60
M4
TUDDM-003
101.0
106.4
5.4
4.17
M5
Incl.
101.0
102.2
1.2
9.01
M5
Incl.
103.1
103.7
0.6
10.33
M5
Incl.
103.7
104.3
0.6
5.52
M5
TUDDM-003
118.9
122.2
3.3
23.29
M7
Which Incl.
118.9
120.4
1.5
50.67
M7
Incl.
118.9
119.8
0.9
19.49
M7
Incl.
119.8
120.4
0.6
97.45
M7
TUDDM-003
132.1
133.3
1.2
1.13
M7
TUDDM-004
8.6
8.9
0.3
1.22
M7
TUDDM-004
10.1
10.7
0.6
0.71
M7
TUDDM-004
12.5
16.7
4.2
0.42
M7
TUDDM-004
17.9
18.2
0.3
2.19
M7
TUDDM-004
19.4
22.1
2.7
1.85
M7
Incl.
19.7
20.0
0.3
6.95
M7
TUDDM-004
23.3
23.9
0.6
0.99
M7
TUDDM-004
26
29.6
3.6
0.78
ME1
TUDDM-004
31.1
36.8
5.7
1.11
ME1
TUDDM-004
38.6
39.8
1.2
0.77
Undefined
TUDDM-004
43.4
44.0
0.6
0.56
SKLW6
TUDDM-004
55.7
56.0
0.3
260.44
SKLW8
TUDDM-004
56.6
57.5
0.9
213.52
SKLW8
TUDDM-004
64.7
68.6
3.9
0.85
Undefined
TUDDM-004
78.2
79.1
0.9
40.08
SKLW10
TUDDM-004
83.0
83.9
0.9
1.40
Undefined
TUDDM-004
85.7
86.9
1.2
21.10
SKLW11
Hole ID
From (m)
To (m)
Interval
Metres
Lode
Incl.
86
86.9
0.9
26.72
SKLW11
TUDDM-004
89.6
92.3
2.7
3.13
Undefined SKL
Incl.
91.7
92.0
0.3
10.05
Undefined SKL
Incl.
92.0
92.3
0.3
11.03
Undefined SKL
TUDDM-004
95.9
101.2
5.3
4.13
Undefined SKL
Incl.
96.4
97.0
0.6
9.28
Undefined SKL
Incl.
97.0
97.6
0.6
6.87
Undefined SKL
Incl.
100.6
101.2
0.6
7.30
Undefined SKL
TUDDM-004
112.9
114.4
1.5
14.14
Undefined SKL
Incl.
112.9
113.2
0.3
22.61
Undefined SKL
Incl.
113.2
113.5
0.3
11.88
Undefined SKL
Incl.
113.5
114.4
0.9
12.07
Undefined SKL
TUDDM-004
116.2
117.4
1.2
0.95
Undefined SKL
TUDDM-004
121.6
122.5
0.9
4.02
Undefined SKL
TUDDM-004
124.9
125.5
0.6
6.02
URW1
Incl.
125.2
125.5
0.3
11.51
URW1
TUDDM-004
128.5
129.1
0.6
1.09
URW1
TUDDM-004
130.6
133.6
3.0
10.03
URW1
Incl.
130.6
130.9
0.3
59.82
URW1
Incl.
130.9
131.2
0.3
11.39
URW1
Incl.
131.2
131.5
0.3
13.64
URW1
TUDDM-004
136.3
136.9
0.6
2.80
URW1
TUDDM-004
153.0
153.6
0.6
9.79
URW1
TUDDM-005
74.3
79.7
5.4
1.69
M1
Incl.
77.3
77.6
0.3
11.66
M1
TUDDM-005
80.9
83.0
2.1
5.89
M2
TUDDM-005
85.7
86.9
1.2
1.85
M3
TUDDM-005
105.5
106.4
0.9
8.84
M4
TUDDM-005
123.8
126.5
2.7
10.98
M8
Incl.
124.4
124.7
0.3
8.51
M8
Incl.
125.9
126.2
0.3
64.21
M8
Incl.
126.2
126.5
0.3
18.15
M8
TUDDM-005
127.7
133.1
5.4
9.30
M8
Incl.
128.9
129.5
0.6
31.56
M8
Incl.
129.5
130.7
1.2
14.99
M8
Incl.
132.2
133.1
0.9
6.08
M8
TUDDM-005
136.7
139.1
2.4
11.50
M9
Incl.
138.2
138.5
0.3
50.06
M9
Hole ID
From (m)
To (m)
Interval
Metres
Lode
Incl.
138.5
138.8
0.3
16.66
M9
Incl.
138.8
139.1
0.3
10.14
M9
TUDDM-005
140.3
141.8
1.5
22.80
M10
Incl.
140.6
140.9
0.3
9.55
M10
Incl.
140.9
141.2
0.3
10.54
M10
Incl.
141.2
141.5
0.3
58.59
M10
Incl.
141.5
141.8
0.3
32.03
M10
TUDDM-006
56.3
56.6
0.3
0.53
M10
TUDDM-006
93.2
95.6
2.4
4.20
M3
Incl.
94.4
95.6
1.2
6.30
M3
TUDDM-006
98.9
99.5
0.6
9.06
M4
Incl.
99.2
99.5
0.3
15.96
M4
TUDDM-006
113.9
114.8
0.9
3.39
M5
TUDDM-006
136.7
138.5
1.8
3.64
M8
Incl.
137.3
138.5
1.2
5.12
M8
TUDDM-006
141.8
145.7
3.9
9.87
M9
Incl.
141.8
143.0
1.2
10.01
M9
Incl.
143.3
143.9
0.6
13.74
M9
Incl.
144.5
145.7
1.2
13.49
M9
Hole ID
From (m)
To (m)
Interval
Metres
Lode
Table 2: Survey details of diamond drill holes referenced in this release
Hole No
Coordinates (Fiji map
grid)
RL
final depth
dip
azimuth
E
N
m
(TN)
TUDDM-001
1876337
3920739
227.2
151.4
-90
-
TUDDM-002
1876348
3920796
209.5
112.4
-76
219
TUDDM-003
1876350
3920793
206.7
159.4
-59
197
TUDDM-004
1876352
3920798
209.7
154.2
-59
180
TUDDM-005
1876335
3920737
227.3
173.6
-69
304
TUDDM-006
1876335
3920738
227.2
180.1
-59
302
Qualified Person
In accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-
101"), Sergio Cattalani, P.Geo, Senior Vice President Exploration, is the Qualified Person for the
Company and has reviewed and is responsible for the technical and scientific content of this news
release.
QAQC Procedures