Source: Streetwise Reports 04/11/2019
The goals are to further define and determine the extent of the mineralization then identify targets for drill testing.
Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release it developed plans to fully explore the large alkaline gold system of the Navilawa caldera in Fiji, which encompasses the company’s Tuvatu project.
The company noted that Quinton Hennigh, its newly appointed technical advisor, and its geology team have “undertaken a thorough evaluation of its 100% controlled Tuvatu high-grade gold deposit and adjacent tenure within the Navilawa caldera, Viti Levu, Fiji and developed aggressive plans to explore the full extent of this very large gold system.”
“Lion One’s immediate goal is to generate a pipeline of new drill targets,” the release noted.
Once the rainy season ends, Lion One will conduct stream sediment sampling, using the bulk leach extractable gold method, over the entire Navilawa area. This work should produce results that will help define and prioritize areas of mineralization and identify targets.
The company also will conduct initial controlled-source audiofrequency magnetotellurics, or CSAMT, and take and amass closely spaced gravity measurements. The data from these activities will assist in better delineating the structure underlying the Navilawa caldera’s vein network.
While all of those components are in progress, the company’s geologists will continue their ongoing prospecting and mapping efforts.
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- Lion One Metals Ltd.
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( Companies Mentioned: LIO:TSX.V; LOMLF:OTCQX,