Lion One Drills High-Grade Intercepts In Fiji

Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) has received additional high-grade results from its recently completed Phase 1 infill drill programme on the Zone 2 portion of the Tuvatu high-grade alkaline Au deposit located on the island of Viti Levu in Fiji.

The infill programme began in June, 2021 and was completed last week with the termination of hole TUDDH576, bringing the total drilled to 7475.2m and total drill core resampled to 955.4m, for a program total of 8430.6m.

– 7475m of drilling completed in 42 holes and 955m of resampling of 28 historic drillholes as part of Phase 1 infill programme

Top Intercepts from Latest Infill Drilling Include

77.11 g/t Au over 3.90m from 30.8-34.7m, inc. 162.22 g/t Au over 1.8m from TUDDH 571
12.56 g/t Au over 7.80m from 87.1-94.9m, inc. 54.43 g/t Au over 1.2m from TUDDH 572
16.08 g/t Au over 7.80m from 30.1-37.9m, inc. 62.22 g/t Au over 1.8m from TUDDH 573
15.10 g/t Au over 3.60m from 121.1-124.7m, inc. 95.06 g/t Au over 0.3m from TUDDH 575

Infill Drilling Programme

The consistent bonanza-grade results from many of the drill holes that are part of the Phase 1 infill drill program continue to suggest higher-than-expected continuity of high-grade mineralization as well as higher absolute grades between modelled lodes,

Analysis of historic drill core material to eliminate sample gaps in areas where the current resource model lacked adequate data density has also yielded positive results, and in several instances, gold grades well above the resource average.

These factors should result in additional ounces in the portion of the deposit earmarked for earliest production. The re-modelling of Zone 2 lodes will begin as soon as all new data has been received and compiled and all holes have been properly surveyed.

The next (Phase 2) infill programme planned for ~5000m of diamond drilling from surface and ~2500m of grade control diamond drilling from underground is aimed at upgrading the resource database in Zone 5 which is scheduled for production within the initial three years of operation.

This second infill drill programme began February 17, 2022 with drill hole TUDDH577, and is expected to require 5-6 months of drilling using three rigs (two from surface and one from underground) to complete.

Highlights from Latest Phase 1 Infill Drilling Results

TUDDH570

16.13 g/t Au over 0.5m from 132.1-132.6m
39.36 g/t Au over 0.3m from 142.0-142.3m
8.99 g/t Au over 3.6m from 154.0-157.6m, including 11.79 g/t Au over 0.9m from 155.2-156.1m, 30.28 g/t Au over 0.6m from 157.0-157.6m,

TUDDH571

77.11 g/t Au over 3.90m from 30.8-34.7m, including 162.22 g/t Au over 1.8m from 30.8-32.6m, which includes 179.0 g/t Au over 0.3m from 30.8-31.1, and 61.86 g/t Au over 0.3m from 31.1-31.4m, and 210.3 g/t Au over 0.3m from 31.4-31.7m, and 90.0 g/t Au over 0.3m from 31.7-32.0m, and 261.0 g/t Au over 0.3m from 32.0-32.3m, and 71.13 g/t Au over 0.3m from 32.3-32.6m, and including 16.96 g/t Au over 0.3m from 34.4-34.7m

TUDDH572

12.56 g/t Au over 7.80m from 87.1-94.9m, including 54.43 g/t Au over 1.2m from 87.1-88.3m, which includes 19.67 g/t Au over 0.3m from 87.1-87.4m, and also includes 196.0 g/t Au over 0.3m from 88.0-88.3m, and also includes 16.04 g/t Au over 1.5m from 89.8-91.3m, which includes 34.92 g/t Au over 0.6m from 89.8-90.4m, 26.19 g/t Au over 0.6m from 105.1-105.7m, including 21.39 g/t Au over 0.3m from 105.1-105.4m, and 30.97 g/t au over 0.3m from 105.4-105.7m

TUDDH573

9.98 g/t Au over 1.60m from 27.5-29.1m, including 16.54 g/t Au over 0.9m from 27.5-28.4m, which includes 31.58 g/t Au over 0.3m from 27.8-28.1m, 16.08 g/t Au over 7.80m from 30.1-37.9m, including 62.22 g/t Au over 1.8m from 35.5-37.3m, which includes 89.02 g/t Au over 0.3m from 35.5-35.8m, and 52.18 g/t Au over 0.3m from 35.8-36.1m, and 201.0 g/t Au over 0.3m from 36.1-36.4m 0.70 g/t Au over 0.6m from 269.9-270.5m, including 15.41 g/t Au over 0.3m from 269.9-270.2m

TUDDH574

11.19 g/t Au over 0.3m from 81.2-81.5m
29.53 g/t Au over 0.9m from 106.1-107.0m, including 21.11 g/t Au over 0.3m from 106.1-106.4m, and 33.74 g/t Au over 0.6m from 106.4-107.0m

TUDDH575