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Two Drill Rigs Yet To Arrive To Speed Up New Find: Lion One

Lion One awaits two more specialised drill rigs to speed up its recent high grade gold find at Tuvatu. Lion One managing director Stephen Mann confirmed that over the past
02 Feb 2021 12:26
Two Drill Rigs Yet To Arrive To Speed Up New Find: Lion One
Underground drilling at the Tuvatu gold project.

Lion One awaits two more specialised drill rigs to speed up its recent high grade gold find at Tuvatu.

Lion One managing director Stephen Mann confirmed that over the past six months they had announced their hit high grade gold in Tuvatu, Sabeto in Nadi.

“Over the past six months, the company has announced several very good intersections, one of which was one of the better results in the world in 2020.”

“Even in the stressful times of COVID-19, the sun can be shining,” said Mr Mann.

“Lion One has four drill rigs running and is awaiting two more specialised drill rigs to arrive.”

“It was hoped they would have been on site already but delays in transportation due to COVID-19 has delayed a lot of the company’s orders.”

He said two of the company’s existing drill rigs have the capacity to drill over 1000 metres deep, whilst the other two drill rigs can drill to about 200 metres deep.

“The two new drill rigs coming into Fiji soon will be able to drill over 1000 metres deep also.

“This new zone of mineralisation will ultimately be incorporated into the existing mining scenario, once we have a better understanding of this zone, which will only come by drilling more holes.”

 

Tuvatu
The company has been exploring for many years in the area, but only had tenure over a small part of the overall prospective area.

After being granted the rest of the high priority prospective area in mid-2019, Lion One could undertake modern systematic exploration of the whole area for the firsttime in the exploration history of the region.

He said part of this process was understanding the genesis of this type of gold deposit.

“Tuvatu is an alkaline hosted gold deposit.

There are very few of these in the world, but when they are mineralised, they very often end up being world class deposits.

“Lion One sought out the best experts of this type of deposits in the world and those people have visited the project area.”

“Quinton Hennigh is one of the foremost experts on alkaline hosted gold deposits and is the technical advisor to the Board of Lion One.”

“The results we have received over the past six months have been the culmination of the systematic exploration over the last 18 months, and the generation of knowledge by the company over the last 12 years.”

Lion One believes these results go a long way to showing that this area will ultimately become a major gold mining district in the South Pacific region, but further extensive exploration is required.

Tuvatu Mine

Tuvatu Mine

 

Expand Exploration
“The company does have the equipment to expand this exploration, but it is awaiting the arrival of two more drill rigs to really accelerate this work.”

Mr Mann added the pandemic has certainly resulted in delays to the company’s activities, but it has not stopped those activities.

In fact, the company put in place its COVID-19 policy and guidelines to help protect its employees, families, and contractors well before many exploration companies anywhere in the world.

This has resulted in the development of a very safe work environment.

Senior management and consultants from outside Fiji cannot enter the country which delays some decision making.

But they are very well represented by a very professional and quality workforce of local Fijian employees who are carrying on with the company’s objectives.

 

Mining Development
Furthermore, he said although exploration is a very important part of the company’s strategy to highlight that Tuvatu area hosts would class gold mineralisation.

Lion One is also in its final stages of planning for mine development.

Once this happens, its work force will triple from the current numbers. Mining activities were planned to commence before this time, but border closures have resulted in considerable delays.

“The company also successfully raised more than $60 million (Canadian$39m ) in August 2020 to ensure it is well funded going forward.”

He noted in light of COVID-19 early in 2020, the company’s workforce has increased by 35 per cent, and it is expected to keep growing during 2021.

“Nearly all our technical team, and all of our drilling and laboratory team are well trained local Fijians.”

“Lion One is very proud of the work they are doing and their commitment to excellence.”

 

susana.tuilau@fijisun.com.fj



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