Lion One Metals Limited
Lion One Expands Navilawa Alkaline Gold System
DGAP-News: Lion One Metals Limited
/ Key word(s): Miscellaneous
North Vancouver, British Columbia–(Newsfile Corp. – November 7, 2019) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to provide an update on recent exploration progress at its 100% controlled Navilawa alkaline gold project in Fiji. Drilling Highlights:
BLEG Sampling Expands Footprint of Mineralization within the Navilawa Caldera:
CSAMT Survey Underway:
“A few weeks ago, we told the mining investment community our plans for Navilawa including BLEG sampling over the newly acquire Navilawa tenement and deep drilling under the Tuvatu resource,” commented Dr. Quinton Hennigh, technical advisor to Lion One. “We are already seeing huge returns from this work. BLEG samples clearly show the alkaline gold system is much larger than previously thought and that we have a vast new area in which to develop drill targets. Our first deep diamond drill hole has encountered multiple lodes including a new style of potentially important high-grade mineralization at Tuvatu. We are off to a very good start, but we have lots more work to do unlock the considerable potential evident at Navilawa.” Qualified Persons Stephen Mann P. Geo, Managing Director, is a “Qualified Person” as such term is defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information included in this News Release. About Lion One Metals Limited Lion One Metals Limited is a Canadian exploration and development company focused on advancing its 100% owned and fully permitted Tuvatu Alkaline Gold Project towards production. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with district-scale exploration upside of its adjoining tenements in the Navilawa Caldera, located near the Nadi International Airport on the island of Viti Levu in the South Pacific island nation of Fiji.
To view an enhanced version of Figure 1, please visit: Until assay results are received the possible grade of the noted intervals are unknown and there is no certainty that the interval will contain significant gold values.
To view an enhanced version of Figure 2, please visit: Until assay results are received the possible grade of the noted intervals are unknown and there is no certainty that the interval will contain significant gold values.
To view an enhanced version of Figure 3, please visit: Until assay results are received the possible grade of the noted intervals are unknown and there is no certainty that the interval will contain significant gold values.
To view an enhanced version of Figure 4, please visit: Cautionary Note Regarding Forward-Looking Statements This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws. For more information Contact Investor Relations Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49515 Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/49515News Source: Newsfile
07.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Lion One Metals Limited |
Canada | |
ISIN: | CA5362161047 |
EQS News ID: | 906995 |
End of News | DGAP News Service |