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World-class alkaline gold systems
Lion One Metals Limited is a Canadian development and exploration company focused on advancing it’s 100% owned, high grade, low cost, underground Tuvatu Gold Project in Fiji.
Tuvatu received the “green light” for development by the Government of Fiji in 2015 with approval of a mining lease, following a 21-year surface lease agreement in 2014 and the approval of the Tuvatu EIA and EMP’s by Fiji Department of Environment.
Lion One is led by an experienced management team with a track record of success in mineral exploration and mining ventures, and was formed upon the completion of a reverse takeover (“RTO”) between X-Tal Minerals Corp. and American Eagle Resources, Inc. on January 31, 2011.
Geology
Fiji lies on the boundary of the Indo-Australian and Pacific tectonic plates, a zone marked by seafloor spreading and transform faulting. The Fijian islands are at the midpoint of the opposing Tonga Kermadec and New Hebrides convergence zones. It is separated from these actual convergence zones by two extensional back arc basins, the North Fiji Basin to the west and the Lau Basin to the east and a series of transform faults including the Fiji Fracture Zone and the Matthew Hunter Ridge. Approximately five million years ago (Miocene/Pliocene Period) the area was the site of a number of major volcanoes, formed along a northeast – southwest trend.
For more information on Lion One Metals Limited (TSX.V: LIO, OTCQX: LOMLF) please click the request investor info button.
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