Results from recent diamond drill holes at Lion One Metals’ Tuvatu Gold Project in Fiji have significantly extended the zone of mineralization at the site. The company says the results confirm thicknesses and grades of lodes mapped on the surface, after the drill holes targeted the western extension of the previously drilled mineralization.
Highlights from the results include 2.32 metres @ 62.81 grams/tonne gold and 31.6 grams/tonne silver from 148.5 metres, 2.55 metres @ 22.56 grams/tonne gold from 78.99 metres and 3.66 metres @ 15.68 grams/tonne gold from 142 metres.
“The latest drill holes were spaced on 80 metre centres in a zone extending up to 250 metres west of the existing Tuvatu resource area, with further additional resource definition holes planned. The company believes further drilling on these extensions has the potential to significantly increase both the tonnage and resources of the Tuvatu project,” says vice president Hamish Greig.
Lion One is now conducting further work in the area which will focus on closer-spaced definition drilling planned for 40-metre spaced holes which the company hopes will allow for the eventual resource calculation of this new zone.
Tuvatu is on the Viti Levu Lineament which hosts Fiji’s known gold deposits, including the 11 million ounce Vatukoula deposit. The Fijian Islands themselves are along the highly mineralized Pacific Islands Arc, the host of a number of major deposits.
Tuvatu currently contains a mineral resource of 652,000 ounces of gold, including 172,000 indicated ounces and 480,000 inferred ounces.