Lion One Drills 78.71 g/t Gold over 2.0 m, Including 168.25 g/t Gold over 0.9 m at Tuvatu Gold Mine in Fiji
Executive Summary
- Lion One Metals reported a series of exceptionally high‑grade gold intercepts from 4,180.5 m of underground infill drilling in the Zone 5 area, with multiple assays exceeding 150 g/t Au over sub‑meter widths.
- The drill program targeted the down‑dip extension of known lodes beneath current mine levels; results are within ~60 m of existing workings, indicating a strong likelihood that the mineralized zones can be incorporated into the mine plan within the next 6–12 months.
- These high‑grade intercepts reinforce Tuvatu’s status as a world‑class, narrow‑vein gold deposit and support continued underground expansion and stope design work.
Key Details
- Overall Program: 4,180.5 m of underground infill/grade‑control drilling from a single drill station; holes spaced on ~15 m centers covering a panel ≈130 m wide × 100 m tall.
- High‑Grade Highlights (selected intercepts):
- 175.43 g/t Au over 0.9 m (incl. 267.95 g/t Au over 0.3 m) – Hole TGC‑0451, 89 m depth
- 78.71 g/t Au over 2.0 m (incl. 168.25 g/t Au over 0.9 m) – Hole TGC‑0383, 69.7 m depth
- 29.70 g/t Au over 3.1 m (incl. 179.52 g/t Au over 0.3 m) – Hole TGC‑0406, 83.2 m depth
- 51.35 g/t Au over 1.5 m (incl. 126.49 g/t Au over 0.5 m) – Hole TGC‑0379, 89.5 m depth
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56.59 g/t Au over 1.3 m (incl. 62.39 g/t Au over 0.9 m) – Hole TGC‑0447, 92 m depth
Additional notable intercepts: 175.52 g/t Au over 0.4 m; 96.48 g/t Au over 0.4 m; 52.18 g/t Au over 1.1 m (incl. 86.25 g/t Au over 0.5 m); 16.19 g/t Au over 2.2 m (incl. 84.47 g/t Au over 0.3 m). -
Cut‑off & Reporting: Intercepts reported at a 3.0 g/t Au cut‑off; internal dilution <1 m for grades below cut‑off excluded from tables. Composite intervals provided in Table 2 (selected examples):
- Hole TGC‑0379: 89.5–91.0 m, 1.5 m width, 51.35 g/t Au (including 126.49 g/t over 0.5 m).
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Hole TGC‑0424: 85.9–88.6 m, 2.7 m width, 30.50 g/t Au (incl. 45.78 g/t over 0.7 m).
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Geological Context: Zone 5 hosts steeply dipping north‑south and NE‑SW lode arrays converging at ~500 m depth to form the high‑grade “Zone 500” feeder zone; the deposit remains open at depth with >10 g/t Au intercepts recorded below 1,000 m.
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Implications for Mining: The drill results are intended to refine the underground mine model and guide stope design for an additional five levels of mining anticipated within the next 6–12 months.
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Qualified Person: Melvyn Levrel, MAIG, Senior Geologist (Qualified Person under NI 43‑101) reviewed and approved all technical content.
Notable Quotes
“The exceptionally high‑grade intercepts we are now seeing within close proximity to existing workings give us confidence that these zones can be rapidly integrated into our production schedule,” – Walter Berukoff, Chairman & President.