Lion One Metals Ltd. has reported promising advancements at its Tuvatu Gold Mine in Nadi, reaffirming the prospects for more high-grade gold deposits in the area. The latest drilling results have revealed multiple high mineralization gold intercepts, with notable grades such as 236.00 g/t over 0.4 m and 101.58 g/t over 0.5 m, among others. These positive findings were not only encouraging but indicated a strong likelihood that these intercepts could soon be integrated into the mine plan, potentially within the next six to twelve months.
The drilling took place in Zone 5, which is currently active in mining operations. Historically, Tuvatu has been known for its high-grade alkaline gold deposit characteristics, with previous drill results reaching astonishing highs, including a record assay of 2,749.86 g/t over 0.3 m reported earlier this year.
In addition to these current results, mining experts have noted that Tuvatu has the potential to eclipse the nearby Vatukoula Gold Mine, further enhancing the optimism surrounding the project. The Mineral Resources Department has echoed this sentiment, emphasizing that such high-grade findings can positively impact the mine’s economic viability, as high-grade ore tends to yield higher value and efficiency in extraction.
Importantly, though the results are encouraging, the Mineral Resources Department cautioned that positive drill results alone do not guarantee that deposits will be economically viable for mining. A thorough evaluation of various factors is necessary to truly assess the potential of these mineral deposits.
This latest news aligns well with the company’s ongoing efforts detailed in previous reports, where Lion One has been recognized for its record production and operational refinements, including strategic investments of over $300 million in the past three years to access more of the higher-grade mineral zones.
As Lion One Metals moves forward, the combination of promising drill results, a robust strategy for operational enhancements, and historical successes position the Tuvatu Gold Mine for a hopeful future in gold production, suggesting potential benefits for both the company and the local economy in Fiji.
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