Lion One Metals Ltd has announced the discovery of high-grade gold at its Tuvatu gold mines in Nadi.
The company stated the gold deposits were found from ongoing deep step-out drilling.
“The deep high-grade intercept encountered in hole TUDDH533 is almost certainly from the same highgrade structure encountered in hole TUDDH500 late last July,” said Dr Quinton Hennigh, a technical adviser to Lion One.
“Visual appearances of these two intercepts are strikingly similar.
“This is very exciting because this lode remains open to the northeast and at depth.
“In fact, this lode projects toward the Banana Creek target, approximately 3.5km to the northeast from Tuvatu.
“It is intriguing to think that the UR4 structure might be a main mineralising conduit that could tie together the bigger gold system within the Navilawa caldera.”
The company is currently undertaking three-tier drilling at Tuvatu.
