Lion One Metals – An overview of the ongoing drilling at the Tuvatu Project that continues to hit high grade gold
Quinton Hennigh, Technical Advisor at Lion One Metals (TSX.V:LIO – OTCQX:LOMLF) joins us to provide a comprehensive overview of the ongoing drilling at the Company’s 100% owned Tuvatu Gold Project, in Fiji. Drilling both at depth (on the Deep Feeder Zone 500) and near-surface (infill/definition drilling) has hit bonanza grade gold intercepts. We have Quinton outline how big these types of deposits can be and the work needed to define a 10+ million ounce gold deposit. We also get a comment on the near-term move toward production.
If you have any follow up questions for Quinton regarding Lion One Metals please email us at either Fleck@kereport.com or Shad@kereport.com.
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Great questions Excelsior. Thanks. There are about 10 alkaline systems around the world. Lion One is the only one that’s still not controlled by a major.
Thanks DonFinance. Yes, that is a key point regarding all the other world-class alkaline systems being controlled by Majors. It will be interesting to see what happens to Lion One down the road, if they continue to prove this deposit is growing at depth, and if they find similar deposits across the rest of their large land position in that caldera.
Yes.Have retained a small position despite the current nuclear winter for this reason.
Very nice to get the update on Lion One’s exploration strategy, and it is good to see them moving towards small scale production that can be ramped up over time. It will be interesting to see how some of the drilling goes expanding across the 7km caldera they now control, especially in that Banana Creek target Quinton discussed in the interview. In addition, the deep drilling testing that Deep Feeder Zone 500 has also been very encouraging, and is continuing to prove the thesis that these alkaline systems can run very deep and get higher grade at depth.