Welcome to our dedicated page for Lion One Metals news (Ticker: LOMLF), a resource for investors and traders seeking the latest updates and insights on Lion One Metals stock.
Lion One Metals Limited (TSXV: LIO, OTCQX: LOMLF) generates frequent news flow related to its activities as an emerging Canadian gold producer. The company is headquartered in North Vancouver, British Columbia, and focuses on its 100% owned Tuvatu Alkaline Gold Project on the island of Viti Levu in Fiji, where it operates an underground gold mine, a pilot processing plant, and an on-site assay laboratory.
News for LOMLF commonly covers operational updates from the Tuvatu Gold Mine, including underground development progress, quarterly gold production metrics, mill throughput, head grades, and recovery performance. Releases also describe high-grade underground infill and grade control drilling results from areas such as Zone 5, with detailed intercept data and commentary on how these results relate to current and planned mine levels.
Investors following Lion One news will also see corporate and financing announcements, such as non-brokered private placements, strategic investments by specialist mining investment groups, and the intended use of proceeds for Tuvatu development, equipment purchases, debt repayment, and working capital. Governance-related items, including director appointments or resignations, annual and special meeting results, and changes in executive roles, are also disclosed through news releases.
Additional coverage includes information on technical standards and research, such as the company’s engagement of a sponsored research firm and descriptions of QA/QC procedures in its ISO/IEC 17025:2017 accredited assay laboratory. For readers tracking LOMLF news, this page offers a centralized view of Lion One’s operational, technical, financial, and governance developments at its Tuvatu Alkaline Gold Project. Bookmark this feed to review new drilling results, production updates, financing activities, and board or management changes as they are reported by the company.
Lion One Metals reported record gold production at its Tuvatu project in June, achieving approximately 1,370 oz of gold with a projected total of 1,700 oz for the month. The company also expanded the gold-in-soil anomaly 650 meters to the south of Tuvatu, potentially increasing the strike length of the deposit by 70%.
Furthermore, Lion One has increased its planned mill expansion to 600-700 TPD from the originally planned 500 TPD, aiming to double the nameplate capacity by mid-2025. An updated NI43-101 compliant Technical Report has been filed with an effective date of June 24, 2024, detailing increased gold production and exploration successes.
Mechanized production commenced in mid-May, significantly boosting production efficiency and output. Soil sampling revealed high-grade gold results, coinciding with arsenic, lead, and zinc anomalies, suggesting substantial exploration potential.
The updated Technical Report includes a Mineral Resource Estimate with detailed classifications and projected gold recovery metrics.
Lion One Metals reported significant high-grade gold results from Zone 5 infill and grade control drilling at its Tuvatu Alkaline Gold Project in Fiji. Key results include 97.46 g/t gold over 3.3 m, with sub-intervals of 750.05 g/t over 0.3 m and 315.46 g/t over 0.3 m. Drilling focused on up-dip, down-dip, and southern areas of the UR2 and URW3 lodes, which are set for mining within the next 12 months. The Zone 5 area targeted in this drilling includes various lodes forming high-grade parts of the deposit, with the system remaining open at depth.
Highlighted intercepts include 54.70 g/t over 1.8 m and 42.11 g/t over 1.5 m. The company aims to enhance the mine model and inform stope design before commencing mining in these target areas.
Lion One Metals (TSXV: LIO, OTCQX: LOMLF, ASX: LLO) announced the start of mechanized production at its Tuvatu Gold Project in Fiji. Notable milestones include the first remote bogging on May 16 and first long hole stope blast on May 18, marking the project's transition to production mining. The company reported increased mill operations capacity from 300 TPD to over 400 TPD, due to operational improvements.
Significant new drill results were highlighted, with assays such as 393.01 g/t gold over 1.2 meters and 215.86 g/t gold over 0.6 meters. These results are important for enhancing the mine model and inform stope design, focusing on UR2 and URW3 lodes. The company completed 4930.7 meters of new drilling across 36 holes.
The Tuvatu project’s operational upgrades and high-grade drilling results indicate promising potential for increased gold production, positioning Lion One strategically in the gold mining sector.
Lion One Metals reports high-grade gold results from near-mine expansion drilling at Tuvatu Alkaline Gold Project in Fiji. Significant gold intercepts include 30.48 g/t over 4.8m and 64.46 g/t over 8.1m. The Murau and SKL areas show promising mineralization potential. The Murau system is expanding, with 34 drillholes targeting down-dip extensions. SKL drilling confirms high-grade mineralization, aiming for inclusion in the mine plan by 2025.
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