Sehr erfreuliche Entwicklung. Hochgradige neue Bohrergebnisse außerhalb der bisherigen Zonen. Die öfter erwähnte Erwartung, daß merklich höhere Resourcen gefunden werden als bisher bekannt, finden erste Bestätigung.
Die Arbeiten mit chinesischem Partner und anderen zum Bau der Mine schreiten zügig fort...
Habe im letzten Dip Bestand etwas erhöht, LIO schwergewichtig.
PR vom 9.05.: https://liononemetals.com/2017…atu-gold-project-in-fiji/
„North Vancouver, B.C., May 9, 2017. Lion One Metals Limited (TSX-V: LIO) (ASX: LLO) (OTCQX: LOMLF) (FSX: LY1) (the “Company”) is pleased to announce the following drilling and development update for its 100% owned and fully permitted high grade underground Tuvatu Gold Project located near Nadi on the island of Viti Levu in the Republic of Fiji....
Current drilling is following up on several very high grade intercepts and potential extensions of zones
identified in previous campaigns:
1) TUDDH 160 (4.22m @ 252.64 g/t Au from 332m; 4.12m @ 19.61g/t Au from 403.20m)
2) TUDDH 207 (8.85m @ 14.09g/t Au from 418.90m; 1.45m @ 19.78g/t Au from 418.90m)
3) Drilling targeting the northern, shallow extensions on the Tuvatu, SKL 3-8, and UR2 lodes.
Minimal diamond drilling has been undertaken on these lodes in the northern part of the
deposit and as such, there remains a high probability of extending mineralized lodes into these
areas. This area includes three reverse circulation drill holes which had previously not been
followed up including TURC 142 (5m @ 22.5g/t Au), TURC 156,(2m @ 11g/t Au) and TURC 171,
(6m @ 6.3 g/t Au).....
The current drilling program has identified a number of very high grade intercepts from outside the proposed ore stopes planned in the 2015 Preliminary Economic Assessment....
Development Update
The Company continues to work alongside its EPC partner Ansteel to complete the design and financing of the Tuvatu Gold Project (see “Ansteel MOU” news release dated August 24, 2016). Under mutual agreement with Ansteel, The Company has contracted Yantai Jinpeng Mining Machinery Co Ltd, based in Shandong Province, PRC, to complete the final detailed engineering design plans for the Tuvatu processing plant, tailings dam, and surface infrastructure. The detailed design plans include the laboratory, office complex, dry area, workshop for light vehicles and heavy underground machinery,
warehouse, conference facilities and mine site offices. The detailed engineering design is nearing completion with site plans scheduled for delivery to Lion One in June 2017.
The Company has also contracted Canenco, a Vancouver based process engineering company, to manage equipment specifications, engineering plans, and design documentation for the processing plant to be constructed in the PRC to North American standards...."
Grüsse
Edel