Lion One CEO Walter Berukoff commented “We believe that Tuvatu is part of a massive gold system inside the Navilawa Caldera. Results from our recent CSAMT survey reinforce that view. We’re excited about our upcoming aggressive drilling campaign, in our efforts to find similarities with the world class Vatukoula deposit located approximately 40 km northeast of Tuvatu.”
“We’re very excited to have to consolidated ownership of the entire Navilawa Caldera and be the first team to apply modern exploration techniques across the entire mineralized system. All evidence points to a large high-grade alkaline gold system of which Tuvatu forms a small part”, commented Dr. Quinton Hennigh, technical advisor to Lion One. “With more drilling we hope to gain a better understanding of the underlying plumbing system that allowed gold-rich fluids to ascend from the underlying magma chamber and ultimately discover the root feeder or feeders that gave rise to this lode complex. Alkaline gold deposits are known to extend to great depths, so we have plenty of room to explore. And thanks to our recent encouraging BLEG results, we now know we have an extensive anomalous area within the northern part of the Navilawa caldera to explore for extensions of this robust gold system”.
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