Fiji Gold Property Returns Bonanza Grade Intercepts


Eight Capital mining analysts Akin Akinwale and Felix Shafigullin commented in a February 1 analysis be aware that the analysis agency is upgrading its forecast mannequin for Vancouver gold explorer Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX; LLO:ASX; LY1:FSE) with a purpose to modify for the corporate’s current drill outcomes from its wholly owned Tuvatu gold mission situated in Fiji.

The analysts indicated that based mostly upon the constructive outcomes from near-surface infill drilling, the analysis agency has tweaked its conceptual mine plan and boosted its expectations for higher-than-expected common head grade in space focused for early manufacturing when underground mining commences.

The analyst highlighted current drilling outcomes that returned what was known as “bonanza-grade intercepts” on the Tuvatu mission situated on the island nation of Fiji. The drill outcomes included gap TUDDH555 which returned 126.62 g/t Au over 0.70m, gap TUDDH562 which returned 111.40 g/t Au over 0.40m, gap TUDDH563 that returned 68.50 g/t Au over 0.30m and most notably gap TUDDH565 which returned 359.76 g/t Au over 1.80m.

Information from the Deep Feeder Zone 500 displayed high-grade mineralization extending round 150m alongside strike and 300m vertically and open alongside strike and at depth. Intercepts within the space returned weighted common grades of 23 g/t Au which the analysts acknowledged is 2.6x larger than the grades of 8.78 g/t Au outlined in Tuvatu’s 2018 useful resource report.

The corporate’s infill drill work is specializing in areas beforehand labeled as Inferred. The agency is predicted to provoke regional drill applications to check distant areas of the Navilawa caldera in 2022.

The analyst famous that some probably constructive catalysts may come from the corporate’s ongoing drilling marketing campaign at Tuvatu which targeted at present on infill drilling, deep extensional step-out drilling, and regional targets within the Navilawa caldera.

Lion One is a Canadian gold explorer targeted on advancing its 100% owned and totally permitted Tuvatu Alkaline Gold Undertaking in Fiji.

The analysis agency envisions that the mannequin for the Tuvatu mine will embrace a 900 tpd underground operation designed to focus on the 1 Moz gold deposit on the property. Eight Capital forecasts a 10-year mine-life for Tuvatu with annual common manufacturing of 75 Koz Au.

Eight Capital anticipates that the underground mining operation at Tuvatu would require an preliminary funding of US$80 million and an one other US$50 million in sustaining CAPEX over the lifetime of the mine. The analysts acknowledged that Eight Capital’s tasks name for “common LOM money prices and AISC of US$483/oz and US$553/oz, respectively.”

Eight Capital suggested that it’s reiterating its CA$3.00 goal worth and “Speculative Purchase” ranking on Lion One Metals Ltd.

Lion One shares commerce on the TSX Enterprise Change below the image “LIO” and final closed for buying and selling at CA$1.11 on Tuesday, February 8, 2022. As well as, the corporate’s shares commerce below the ticker “LOMLF” on the OTCQX market and “LLP” on the Australian Securities Change.

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Disclosure:
1) Stephen Hytha compiled this text for Streetwise Stories LLC and gives companies to Streetwise Stories as an impartial contractor. He or members of his family personal securities of the next firms talked about within the article: None. He or members of his family are paid by the next firms talked about on this article: None.
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Disclosures and Disclaimers, Eight Capital, Lion One Metals Ltd., Feb. 1, 2022

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