By Kalwinder KaurSep 7 2012
Lion One Metals has announced assay results from initial two holes drilled during the diamond drill campaign conducted at the Tuvatu Gold project in Fiji.
Tuvatu Drilling Locations
The drill results validate the lateral continuity of Murau Lodes trending towards the east-west and return down dip mineralization along a strike of 80 m towards west.
The company has encountered 16.15 g/t gold over 3.78 m in hole TUDDH-347, and 23.03 g/t gold over 7.49 m in hole TUDDH-348. Bonanza grades are included in these intervals, including 248 g/t gold over 0.09 m in hole TUDDH-347, and 855 g/t gold over 0.17 m in hole TUDDH-348. The company has mapped the expansion of these lodes at surface along strike of up to 1,330 m towards the Tuvatu resource region’s western part.
Lion One is waiting for the assay results from four additional holes, which include two drill holes adjacent to the Tuvatu portal that examined mapped expansions of the UR lodes trending towards the north-south. The company has moved a second drilling rig to the Tuvatu property.
Tuvatu project lies at the Viti Levu Lineament, which is a belt trending towards north-west hosting popular gold deposits that includes the Vatukoula gold deposit. The Vatukoula deposit is situated around 50 km towards the northwestern part along the regional trend. Epithermal, low sulphidation gold veins at the Tuvatu project are present along the Navilawa volcanic center’s borders in a multi-stage geologic location.
The Fijian Islands are located along the Pacific Islands Arc containing high mineralization. This Arc is a host to several main deposits, including Wafi-Golpu, Ok Tedi, Porgera, and Lihir. Currently, the property includes a mineral resource of 652,000 oz of gold.
Source: http://www.liononemetals.com/
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