Lion One Metals – Quinton Hennigh updates us on hole 500, the deep drill hole that hit high-grade gold
Last week there were a couple news releases out of Lion One Metals (TSX.V:LIO & OTCQX:LOMLF) focused on hole 500 that is drilling down to a depth of 1,000 meters. Headline results yielded “2m grading 35.28 gpt Au starting at 558.0m followed by 12.7m grading 46.14 g/t Au starting at 571.0m”.
Quinton Hennigh, Technical Advisor at Lion One joined me for a recap of the results. We discuss the concept of a feeder zone that is being tested with the current deep drilling. We also address the next steps for the Company balancing out moving into development and following up on this new discovery.
Please email me with any other question for Quinton or the team over at Lion One. My email is Fleck@kereport.com.
(LIO) (LOMLF) Lion One Announces Upsize to Previously Announced “Bought Deal” Private Placement of Units to C$35 Million
by @nasdaq on 27 Jul 2020
https://ceo.ca/@nasdaq/lion-one-announces-upsize-to-previously-announced-bought
Interesting ….company….and location…..
Bob M……had a piece on Lion One……also….
Short Updates on Benchmark, TriStar Gold, Precipitate Gold and Lion One
Bob Moriarty – Jul 24, 2020
“the market understands the potential and is willing to pay up for Lion One with a market cap of about $220 million today. But Lion One owns a whole alkaline gold system in a region where such deposits are measuring 10-20 million ounces. Their latest report on drilling from the company just out a couple of days ago suggests they have found the feeder structure they have been looking for. Drilling is continuing and assays are pending.”
http://www.321gold.com/editorials/moriarty/moriarty072420.html
Love this story.
Hedgeless. I like it too, but do you like it better than Novo? The reason I ask is because I have a much larger position in Novo than Lion One, but I kind of think Lion One is a more understandable story and probably has more near term catalysts. Thoughts?
Charles- Lio is a wonderful girl, enjoy your time with her. It will be a great couple years, when it gets bought out you likely cash out, But you settle down and marry Novo.
# of shares do not matter!!!
Great interview guys and nice to get Quinton’s perceptions of the deeper feeder zone of the alkaline system. As a Lion One shareholder, I’m a very happy camper. 🙂