SUNBIZ

Lion One Continues To Drill High Grade Gold At Tuvatu Gold Project

The Tuvatu Gold project’s drilling and dewatering results have further confirmed the continuity of mineralised lodes planned to be mined in the first three years of the mine’s proposed operations.
24 Dec 2016 11:00
Lion One Continues To Drill High Grade Gold At Tuvatu Gold Project
Lion One Metals said it has continued to dewater the existing decline which was used to take bulk samples in the previously completed (historic) feasibility study for the Tuvatu Gold Project. Photo: South Pacific Metals

The Tuvatu Gold project’s drilling and dewatering results have further confirmed the continuity of mineralised lodes planned to be mined in the first three years of the mine’s proposed operations.

These are based on results received for seven diamond drill holes focused on infill targets at Tuvatu

Drill holes have targeted areas previously in zones of high grade inferred mineralisation or otherwise extensions to existing lodes.

Dewatering has basically meant the removal of water from solid material.

Results received to date include 71.41 g/t Au over 8.41 metres from TUDDH 406.

Lion One Metals, which owns the Tuvatu project, said it has continued to dewater the existing decline which was used to take bulk samples in the previously completed (historic) feasibility study.

In all, 1431 metres of decline were excavated at that time. Dewatering is now complete to approximately a third of the underground development.

Lion One Metals said dewatering will continue over the Christmas period.

“Ventilation fans have also been installed in preparation for further work underground in the New Year,” it said.

“This will include underground diamond drilling from the decline, detailed sampling and mapping, and exploitation of the mineralised ore zones.

“Slippage in the Core Shed Fault area which lies about 140m from the portal was less than anticipated and has also been cleared.”

The company has just completed its diamond drilling programme for 2016, but will resume in January 2017 with one surface rig and one underground rig.

 

About Tuvatu

The Tuvatu Gold Project is located 17 km from the Nadi International Airport.

Discovered in 1987, Tuvatu was advanced by previous owners through underground exploration and development from 1997 through to the completion of a feasibility study in 2000.

Acquired by Lion One in 2011, the project has over 100,000 metres of drilling completed to date in addition to 1431 metres of underground development.

Tuvatu is a high grade, low sulphidation, epithermal gold deposit hosted inside a South Pacific-style volcanic caldera, along the Viti Levu lineament, Fiji’s own corridor of high grade gold deposits.

Feedback:  rachnal@fijisun.com.fj

 


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