Lion One Drills 54.16 g/t Gold over 1.9 m, Including 156.55 g/t Gold over 0.6 m at Tuvatu Gold Mine in Fiji

Core Viewpoint - Lion One Metals Limited reported significant high-grade gold results from its Tuvatu Alkaline Gold Project in Fiji, indicating strong potential for resource expansion and upgrade due to high-grade intersections in the Ura lode system [1][4]. Group 1: Drilling Results - The company conducted 2,701.4 meters of underground infill and grade control drilling, focusing on the Ura lode system, which is currently being mined [1][3]. - Notable drill results include 54.16 g/t gold over 1.9 meters, with a peak of 156.55 g/t gold over 0.6 meters [1][8]. - Additional high-grade intersections reported include 16.64 g/t over 3.2 m, 20.02 g/t over 1.6 m, and 38.43 g/t over 0.6 m [8]. Group 2: Mining Development - A shrinkage stope is being developed between the 1116 and 1156 levels, scheduled for mining within the next three months, covering a strike length of approximately 80 meters [3][14]. - The Ura lode system remains open at depth, with potential for at least 4 to 5 additional mining levels below current workings, indicating significant resource expansion opportunities [4][19]. Group 3: Geological Insights - The Ura lode system consists of at least three identified lodes: Ura 1, Ura 2, and Ura 3, with a total strike length of approximately 220 meters each [11][12]. - The system is largely untested outside current mining areas, with high-grade results returned from drilling up to 90 meters below current underground workings [4][19]. Group 4: Operational Context - Lion One Metals is an emerging Canadian gold producer with operations established at the Tuvatu project, which includes a high-grade gold deposit and an underground gold mine [27]. - The company operates its own geochemical assay laboratory and diamond drill rigs, ensuring rigorous quality control in its exploration and drilling activities [23][24].