Assay results from Lion One Metals’ diamond drill program at its Tuvatu Gold Project have confirmed mineralization extends along the previously discovered Murau lodes.
Tuvatu is on Fiji’s island of Viti Levu, where bonanza grades of gold have been encountered within the region’s structural zones. Highlights of the most recent drill hole include 11.77 grams/tonne gold over 1.83 metres from 128.55 metres depth and 10.85 grams/tonne gold over 0.02 metres from 123.41 metres in the Murau 2 Lode.
A second drill rig has been mobilized to the property and Lion One is now targeting the western extensions of the lodes in a bid to significantly expand the current resource base at Tuvatu.
Lion One says recent metallurgical work has also confirmed the various ores from Tuvatu are amenable to conventional crushing, grinding and flotation processing techniques.
The company has commissioned further optimization studies to evaluate a configuration that includes the combination of a cone crusher, two stage ball milling, in-line pressure gravity concentration, and two additional points of gravity concentration, followed by flotation at a coarse grind size and CIL leaching or direct sale of concentrates.
Lion One says this proposed configuration could enhance recoveries of both coarse and fine gold, and may have potentially attractive capital and operating cost parameters.
In other news, the company has appointed a new director to its Board. Stephen Mannis is currently the managing director of Avocet Resources in Perth and will take on the position to oversee development of the Tuvatu project.
The company’s chairman Walter H. Berukoff says Lion One has welcomed Stephen Mann’s appointment. “As the Tuvatu project progresses to development and pre-production stages, his knowledge and experience will be extremely valuable to us. He has both the professional credentials and the direct experience in developing and operating mines that are essential to us at this time.”