Lion One Hits Bigly

When I found out Quinton Hennigh was going to be a geological advisor to Lion One back in early 2019, I wrote about them. They just announced results that pretty much prove what I was trying to say. In technical terms, they hit Bigly.

Lion One (LOMLF) talked about what they were aiming for in the drill program in a press release issued over a month ago as they began the drill program. They seem to have hit exactly what they were aiming for but are criminally remiss in not posting the latest press release on their GD website. I shall chastise them severely.

2019-11-07 08:49 ET - News Release 
Mr. Walter Berukoff reports

LION ONE EXPANDS NAVILAWA ALKALINE GOLD SYSTEM

Lion One Metals Ltd. has provided an update on recent exploration progress at its 100-per-cent-controlled Navilawa alkaline gold project in Fiji.

Drilling Highlights:

The first of a series of four deep diamond drill holes, TUDDH493 oriented eastward at an inclination of 55 degrees, is nearing its target depth of approximately 600 m after undercutting the entire Tuvatu lode network near the bottom of the current delineated resource. This hole targets a particular area where several high-grade structures appear to be converging.

Multiple mineralized intercepts are apparent in core from TUDDH493, most notably:

a 11.3 m interval of quartz veinlets in altered monzonite beginning at 318.6 m. This intercept is situated approximately 7 m from a high-grade interval in historic hole TUDDH160 that displayed assays up to 1,600 grams per tonne gold. Bright green roscoelite, a key indicator mineral at Tuvatu, is evident in some veinlets within the 11.3 m interval (Figure 1).

a 4 m interval of hydrothermal breccia beginning at 422.5 m. This breccia is unlike any mineralization previously observed at Tuvatu but closely resembles that seen in some lodes at the Vatukoula Gold Mine approximately 40 km to the northeast. The 4 m breccia zone occurs in monzonite and is cemented by vuggy quartz-adularia-pyrite veining (Figure 2). Specks of visible gold up to 2 mm across are observed in vugs at approximately 423 m (Figure 3). Lion One believes this intercept is highly significant and suggests the mineralizing system is evolving with depth at Tuvatu, a possible indication of further high-grade mineralization below.

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Disclosure: I own shares in Lion One Metals and am biased. Do your own due diligence.

321gold.com is not a registered advisory service and does not give investment ...

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