It has a current strike length of approximately 100 m, and a vertical extent of approximately 120 m.įigure 2. It trends approximately northeast-southwest and dips steeply to the southeast. It was discovered during the development of the western decline and is intersected by the decline at approximately 75 m from the portal entrance. Similarly, the URA1 lode is a narrow, steeply dipping, high-grade to locally bonanza-grade vein system. The URW1 lode system has a current strike length of approximately 300 m in the N-S direction, and a vertical extent of approximately 300 m. Grade control drilling in the URW1 area is targeting the up-dip and down-dip extensions of these lodes, 20 m to 40 m above and below the current mine drives. As reported on Jand July 27, 2023, mineralization in these lodes is both higher grade and more laterally extensive than initially anticipated.
The first two of these lodes, URW1a and URW1b, are currently being mined. Current modelling suggests that there are multiple separate lodes within the URW1 lode system. It consists predominantly of narrow, high-grade to locally bonanza-grade vein arrays and vein swarms that strike approximately N-S and dip sub-vertically to steeply east. The URW1 lode system was the primary target for the current round of drilling. It is the first part of the deposit scheduled for mining and encompasses a number of distinct lode systems, including the URW1, URA1, and Murau lode systems. The Zone 2 area of Tuvatu is located in the northwest part of the system along the western decline.
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For full results using a 0.5 g/t cutoff see Table 3 in the appendix. For full results see Table 2 in the appendix. Composites are calculated using a 3 g/t Au cutoff with maximum internal dilution intervals of 1 m at <3 g/t Au. Highlights of composited grade control drill results in the Zone 2 area. The yellow dashed circle represents the Zone 2 area of the deposit. Drillholes are shown in black, mineralized lodes in pale grey, and underground developments in red. Left image: Plan view of Tuvatu showing Zone 2 grade control drillholes in relation to the mineralized lodes. Location of Zone 2 Grade Control Drillholes. Note: Grade control drillhole composites are calculated using a 3 g/t Au cutoff with maximum internal dilution intervals of 1 m at < 3 g/t Au.įigure 1. As we increase our drill density at Tuvatu we continue to identify very high-grade zones upon which to focus and prioritize our mining plan, and which will help us to add additional tonnage to our growing stockpile of high-grade material as we ramp up to our first gold production in Q4 2023". The program is continuously returning very high-grade material with excellent mining widths. Lion One Chairman and CEO Walter Berukoff commented: "The results from our grade control drill program continue to exceed expectations. The results reported here represent material that is scheduled to be mined in Q4 2023 and throughout 2024.
Mining of the URA1 lode and the URW1 lode system is ongoing and grade control drilling is being conducted in advance of future mining in these areas (see news releases dated Apand May 18, 2023).
September 14, 2023) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) ("Lion One" or the "Company") is pleased to report significant new high-grade gold results from ongoing grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji.Īssay results are presented here for grade control drilling completed in the Zone 2 area of Tuvatu, focusing primarily on the URW1, URA1 and Murau lode systems. North Vancouver, British Columbia-(Newsfile Corp.
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