Lion One Metals: Advancing Fiji’s Next High-Grade Gold Mine
Lion One Metals is on track to becoming the premier high-grade gold producer in Fiji. The focus is on its 100% owned and fully permitted Tuvatu Alkali …
100% owned and fully permitted Tuvatu Alkaline Gold Project in Fiji
Lion One Metals is on track to becoming the premier high-grade gold producer in Fiji. The focus is on its 100% owned and fully permitted Tuvatu Alkaline Gold Project. Furthermore, the Company is focusing on cost-effective and environmentally responsible construction, development, and advancement of Tuvatu towards production, and exploration of its license areas covering the highly prospective and underexplored Navilawa mineralized volcanic complex.
Moreover, Tuvatu was identified as an alkaline deposit by one of the world’s leading experts on the subject, Dr. Quinton Hennigh. "There's a handful of alkaline systems around the world. They're not the most prolific type of gold deposit. But they tend to be very well-endowed, have golden inventories on the order of tens of millions of ounces. They're very highly sought after by major mining companies," says Dr. Hennigh.
Tuvatu Alkaline Gold Project
Tuvatu is located 24 km NE of the town of Nadi on the island of Viti Levu in the Republic of Fiji. Additionally, the project lies between elevations of 100 and 600 m in the eroded crater of the Navilawa caldera. It also overlooks the Sabeto River valley and town of Nadi on the western coast of Viti Levu.
The area surrounding Tuvatu gold deposit and resource area is covered by a 3.85 km² Special Mining Lease (SML 62), with the broader project area covered by 13,619 hectares of Special Prospecting Licenses (SML’s 1283, 1296, 1465 & 1512), covering the balance of the Navilawa caldera. In addition, permanent mine site facilities at Tuvatu are accessible by a service road connected to the Queen’s Highway a total distance of 15 km from the Company’s head office and assay laboratory, located 1.5 km from Nadi’s International Airport.
Since Tuvatu is fully permitted, the next steps include a pilot plant. "The resource that we were looking at, there is an existing PEA on it, and it proposes a production scenario", says CEO and Chairman, Walter Berukoff.
For more information on Lion One Metals Limited (TSX-V: LIO, OTCQX:LOMLF) please fill out the form below.
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