Streetwise Reports
The company now has easy access to essential equipment it can use at a lower cost.
Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release it acquired Geodrill’s drilling equipment to use on its Tuvatu gold project in Fiji.
The assets Lion One purchased from the Nadi, Fiji-based exploration drilling company include two diamond drill rigs, one surface and one underground, along with drilling rods, downhole survey cameras and temperature monitors, transport vehicles, support trucks and a spare parts collection. The company had actually used the surface rig for much of its explorative drilling over the past five years.