Lion One Metals Limited (TSXV: LIO) has obtained further high-grade assay results ongoing Zone 500 drilling at the company’s 100%-owned Tuvatu Alkaline Gold Project in Fiji.
Underground drill holes TUG-147 and TUG-150 were drilled to further test the high-grade zone originally defined by drill holes TUG-141, TUDDH-601 and TUDDH-608.
TUG-147 was drilled to cross the northern extension of the UR2-UR1 NS lodes that appear to define a wedge-shaped high-grade zone bounded by the UR2 and UR4 lodes, to thus test the mineralization associated with UR lodes, and to provide structural information on the orientations of mineralized veins and lode arrays.
The drillhole lifted more than expected and crossed the zone at a somewhat lower elevation (shallower) than intended. Nevertheless, TUG-147 drilling across the UR2 structure, intersected 11.1m @10.67 g/t Au from 263.1 to 274.4m, which includes 5.7m @13.45 g/t Au, including 1.2m @51.18 g/t Au, and 4.2m @9.86 g/t Au corresponding to the intersection of the main NS-trending UR2 lode and NE-trending mineralized veining. The calculated true horizontal width of this intersection is 3.5m.
TUG-150 was targeted to cross the high-grade zone below TUG-141 and north of TUDDH-608. The hole drifted to the right (south) more than expected and only skimmed along the UR2 lode at a low angle, without crossing the high-grade zone at the targeted location.
Nevertheless, very high-grade mineralization was intersected over a significant downhole length of 8.4m @8.84g/t Au, including 0.3m @108.57g/t Au, and 1.2m @14.71g/t Au which includes 0.3m @28.51g/t Au along the UR2 lode, further confirming the bonanza grade nature of the UR2 lode at this location.
A follow-up drill hole (TUG-152) still currently drilling, was collared from the same setup but with modified azimuth and dip, and represents an additional attempt to drill across the UR2 structure near this location, and to test the possible NE down-plunge extent to the mineralization recorded by TUDDH-608
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