Dr. Quinton Hennigh Provides Progress Update on Lion One
Lion One’s Technical Advisor provides an update on the Tuvatu Alkaline Gold Project in Fiji
Lion One Metal’s Tuvatu Update – October 2020
Lion One Metal’s Tuvatu Update – April 2020
Lion One Metals: Fiji’s Next High Grade Gold Mine
BTV heads to Fiji to find gold with CEO Walter Berukoff (who sold his previous 3 companies for an average of a billion dollars) and Technical Advisor Quinton Hennigh
Lion One’s Geochemical & Metallurgical Laboratory
Highlights from Lion One’s Laboratory Opening Ceremony Dec 2019
Dr. Quinton Hennigh, Lion One Metals Technical Advisor
Dr. Quinton Hennigh discusses alkaline systems in the South Pacific
Mining Lease Ceremony
Hon. Prime Minister of Fiji, Mr. V. Bainimarama, formally presents the Tuvatu Mining Lease to Lion One
“We recently attended a site visit to Lion One Metals Ltd.’s 100%-owned and fully permitted Tuvatu alkaline gold project in Fiji and came away very impressed with the easy access to the property and substantial prospectivity across the strategically large project. . .importantly, our visit also included a review of the results from recently completed controlled source audio magnetotelluric and bulk leach extractable gold surveying, which illustrate the potential for Tuvatu to host a robust plumbing system both underneath/proximal to the project’s known resources and elsewhere within the broader Navilawa caldera.”
Lion One Metals released results from an advanced CSAMT geophysical survey conducted on its Tuvatu gold project in Fiji. The results couldn’t have pleased management more, as they seem to have revealed structural controls behind the known gold lode mineralization.
This is important not only because the survey shows significant potential extensions to those known lode systems, but also a number of large-scale new targets to be tested. I urge you to read Lion One’s news release on this survey, as it’s very comprehensive and detailed, with a number of geophysical sections that clearly show the current mineralization along with the new targets.
I’ve always been impressed with the Tuvatu deposit and, as many of you know, the potential of Fiji in particular for mineral exploration. In detailed discussions with Lion One management in Vancouver recently, I was struck by the potential for the newly acquired Navilawa caldera adjoining the original Tuvatu tenement.
Importantly, the caldera represents an alkaline gold system, a fact that opens the possibility of a truly world-class gold deposit. Just-released sampling results from a six-kilometer-long corridor northeast of Tuvatu support the notion that drilling on Navilawa will eventually turn up more lode gold. The channel sampling focused on an area within three kilometers north and northeast of Tuvatu and was highlighted by uber-high-grade results such as 35.3 g/t gold over 0.45 meters on the Banana Creek target, 83.6 g/t gold over 0.45 meters on the Biliwi target and 35.8 g/t gold over 0.60 meters on the Matanavatu target.
In a Jan. 3 research note, Scarsdale Equities analyst Mike Niehuser reported that “evidence continues to mount for an alkaline gold system” at Lion One Metals Ltd.’s (LIO:TSX.V; LOMLF:OTCQX) Tuvatu project in Fiji. Accordingly, Scarsdale increased its target price on the gold company to CA$2.25 per share and kept it Buy rated. In comparison, Lion One’s current share price is CA$1.64.
The highlights of this Canadian company’s cornerstone asset are outlined in an Echelon Wealth Partners report.
In an Oct. 23 research note, analyst Ryan Walker reported that his firm Echelon Wealth Partners added Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) to its Watch List after meeting with the company’s management at the recent Precious Metals Summit.
“Importantly,” Walker pointed out, “about 80% of the existing resource is within just 200 meters (200m) of surface. Yet past drilling was done primarily within 300m from surface and only a small fraction went below 400m down.
Scarsdale Equities Analyst, Mike Niehuser: “We are gratified to see Lion One Metals Ltd. take the necessary steps to accelerate the potential expansion of the Tuvatu resource and the exploration of the Navilawa caldera. We anticipated that deeper or regional exploration would take place once the project was in production, but there is logic in demonstrating its world-class potential to attract capital with less dilution and financing risk.”
Tuvatu is expected to produce 100,000 ounces of gold per year over a 10-year mine life
Wally Berukoff formed Lion One Metals (LIO-V) and ended up with the assets of the former Emperor Mines after they left Fiji. After selling Vatukoula Wally retained Tuvatu that had been part of the development pipeline of Emperor. It’s a very large and potentially rich alkaline gold system similar to that of Cripple Creek (28 million ounces), Lihir (40 million ounces), Porgera (25 million ounces) and Vatukoula (11 million ounces).
As Lion One moves forward with getting its low-cost, fully permitted Fiji gold mine into production, Dr. Quinton Hennigh joins the team as an advisor.
Technical analyst Clive Maund explains why he believes both the fundamental and technical outlooks for this company look strong.
Lion One Metals (TSXV: LIO) announced has just bought the drilling assets of drilling company Geodrill, which is located in Fiji’s main island.
The purchase would allow Lion One to prepare for drilling at its 100%-owned Tuvatu gold project, which on the island of Viti Levu also in the Fiji Islands.
Lion One Metals (TSXV: LIO) has signed an indicative term sheet with two Chinese companies for a US$40 million financing package to develop “Fiji’s next high-grade gold project”.
Lion One Metals (LIO-TSXV; LOMLF-OTCQX) holds Fiji’s Tuvatu gold project, one of the highest-grade gold mining prospects in the world. Led by Walter Berukoff, Lion One plans to mine the yellow metal in the near future.
Lion One Metals Limited is pleased to announce important news on the continued progress of the development of its 100% owned and fully permitted Tuvatu Gold Project in Fiji. The Company has issued a tender for underground mining services and has received competing bids for the EPC contract and fabrication of the Tuvatu processing plant and construction of the supporting infrastructure.
Lion One Metals Ltd. (OTCQX:LOMLF) owns 100% of the fully permitted Tuvatu Gold Project on the island of Viti Levu in the Republic of Fiji. This project is currently in development and the company is in the financing stage. I am convinced that Lion One is undervalued and could rise substantially in a flat or rising gold environment.
Creasy has shares in Lion One Metals, a Canadian development and exploration company with a focus on its 100 per cent-owned Tuvatu Gold Project in Fiji. The Fijian government gave the project a “green light” in late 2015 and Lion One shares on the ASX have performed well since. The stock is up almost 140 per cent in the past year.
Walter Berukoff, CEO of Lion One Metals, illustrates in two sentences his fondness for precious metals. “My grandparents came here from Eastern Europe,” he explains. “What they brought with them was their gold.”