Lion One Metals Limited (TSXV: LIO | OTCQX: LOMLF) has reported high-grade gold drill results from its 100% owned Tuvatu Alkaline Gold Project in Fiji, highlighted by an intercept of 82.28 g/t gold over 4.6 metres from underground grade control drilling in Zone 5. The company intersected high-grade mineralisation in 30 out of 34 completed drillholes across 4,370.20 metres of infill and grade control drilling. Most intercepts are located within 25 metres of existing underground development, signalling near-term production potential that investors in emerging gold producers may find notable.

Key Points

  • Lion One Metals Limited (TSXV: LIO | OTCQX: LOMLF), a North Vancouver-based emerging gold producer
  • Top intercept of 82.28 g/t Au over 4.6 m (including 302.15 g/t Au over 0.4 m) from Zone 5 underground drilling at Tuvatu, Fiji
  • 30 of 34 completed drillholes returned high-grade results; eight intercepts exceeded 100 g/t gold
  • Investors may watch whether highlighted Zone 5 intercepts are incorporated into the mine plan within the disclosed six-month timeline

Zone 5 Drill Results Reveal Exceptional Grade Continuity at Tuvatu

The Zone 5 programme targeted up-dip and down-dip extensions of the UR lodes from two underground drill stations — the 1160 and 1082 drill stations — at a spacing of 12.5 metres by 12.5 metres. Standout intercepts beyond the headline result include 169.47 g/t Au over 1.0 metre, 153.94 g/t Au over 1.1 metres, and 93.94 g/t Au over 1.7 metres. Very high-grade spot assays included 547.05 g/t over 0.3 metres and 502.48 g/t over 0.3 metres. The release notes that all drill intersects are reported as downhole lengths and that true widths are not yet known, an important technical caveat for investors reviewing the figures.

Proximity to Development Supports Near-Term Mine Plan Integration

The release states that most high-grade drill intercepts are located within 25 metres of underground development and are anticipated to be incorporated into the mine plan within the next six months. The company notes that accesses and drives are currently being developed in preparation for stoping at levels 1048, 1066, 1150, and 1170. The UR2 lode has a current total strike length of approximately 620 metres and remains open along strike and at depth, with the deepest high-grade intersections occurring below 1,000 metres depth, the disclosure states.

CEO Berzins Cites Eight Intercepts Above 100 g/t as Evidence of Mine Potential

President and CEO Ian Berzins stated in the release that the company is "actively drilling both Zone 5 and Zone 2 at Tuvatu" and highlighted eight intercepts above 100 g/t gold in this programme. He referenced a prior Zone 2 result of 715.15 g/t gold over 4.2 metres released the previous month, characterising the latest Zone 5 results as further evidence of the mine's potential as the company advances near-surface mining up-dip and down-dip. The Qualified Person for the release is Melvyn Levrel, MAIG, Chief Geologist for Lion One Metals, who is an employee of the company and not independent.