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Rule Investment Media Proudly Presents…
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THIS July 23-27 we’re livestreaming to give you every presentation… and the BIGGEST opportunities… live from the Rule Symposium. PLUS – special bonus content, too! You won’t want to miss out…
Don’t hesitate! To access the livestream and on-demand presentations, you must purchase before the Symposium ends on July 27, 2023.
Dear Friends,When it comes to navigating the current market…There’s no shortage of advice right now.Some say… “It’s time to buy the dip!”Some warn… “You haven’t seen the worst of it yet!”And, some just throw their hands up in the air and say… “It’s anyone’s guess!”I don’t know about you…But when it comes to my money… the last thing I want to do is play guessing games.That’s why – year after year – for 20 years and counting…I’ve been a host of the Natural Resource Investment Symposium.As the industry’s most regarded event, the Rule Symposium focuses on connecting you with the top resource and commodities experts – and opportunities – around the world.We’re talking dozens of industry insiders… top executives… billionaire investment experts… and more…All eager to give YOU exclusive access to their most profitable ideas.It’s a priceless opportunity, no doubt. And I have yet to see another investment conference that even comes close in comparison.Connect With the Biggest and Brightest Names
In Resource and Commodities MarketsFor this year’s annual Rule Symposium on Natural Resource Investing, we pulled out all the stops to connect our live – and virtual – attendees with the very best in the business.Of course, we’ve locked in a stellar lineup of experts for you to interact with during the On- Demand Livestream. For a complete list of speakers, click here.Friends, I can’t stress this enough…It would be impossible to gain access to this caliber of speakers anywhere else.In fact, many of these speakers rarely participate in any other financial or resource conferences.But thanks to our Livestream/On-Demand access….You’ll have the chance to hear this elite team share their success stories… candid insights… and recommendations for profiting through the current bear market…Even if you can’t join us in person.What You Can Expect from the Rule Symposium
Livestream/On-Demand PackageWhile we would love to see all our readers in person for the Rule Symposium in July, we understand for some of you that will not be possible.That is why we’ve created a way for you to attend this event… from the comfort of your home!Just to be clear…This will NOT be your typical online event.In fact, when you claim your access to our livestream/on-demand event today, you’ll get…Access to Every Presentation, Live and in Real Time: Every presentation, including all workshops, panels, and fireside chats will be available to view in real time and on-demand.Livestream Video On-Demand Archives: We will be storing every presentation from the event online through December 31, 2023.Access to our Exclusive Event App – All in the Loop: You can use this on your phone or computer for quick, easy access to any of the featured presentations you do not want to miss.Access to our Virtual Sponsor Booths – Not only will you get every presentation, but you will also have the chance to chat with our online virtual sponsors at their booths.One-on-One Meetings– You will be able to set up one-on-one meetings during the live event (July 25-27) with any of our sponsors or even other attendees and even after the event.Please note: All these benefits are included for those who are joining us in person. If you would rather attend in person, tickets are still available.Claim Your Seat to Our On-DemandCLICK HERE Stream TODAY!When you register for our On Demand Livestream Package now, your price to attend this virtual event is just $299, but you must register before July 27th.Sincerely,
Rick RuleP.S. If you are attending the in-person July 23-27 Symposium, you will automatically be registered for the on-demand livestream and recordings archive.Copyright © 2023 Rule Investment Media, All rights reserved.
Sprott US Media, Inc. is now Rule Investment Media LLC. You are receiving this email because you signed up for the Sprott’s Thoughts newsletter through Sprott U.S. Media Inc., or you requested a portfolio ranking from Rick Rule through Rule Investment Media LLC.
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Stillwater Critical Minerals (TSX.V: PGE | OTC: PGEZF)Website | https://criticalminerals.com/Corporate Presentation | https://criticalminerals.com/investors/presentations/
Stillwater Critical Minerals Inc.Suite 904 – 409 Granville StreetVancouver, BC V6C 1T2Tel: +1 (604) 357-4790Toll Free: +1 (888) 432-0075
Email: info@grouptenmetals.com The Metallic Group of Companies: Metallic Minerals, Stillwater Critical Minerals, Granite Creek Copper
The Best Video on How to Buy Precious Metals (Bullion): https://bit.ly/3iR8Rq3 Website | www.provenandprobable.com🥇🥈Get Your Online Gold/ Silver HereCall Me Directly at 855.505.1900 or Email: Maurice@MilesFranklin.com
I’m a licensed broker for Miles Franklin Precious Metals Investments – The (ONLY) Online Dealer that is Licensed and Bonded (Period).- Physical Delivery- US Mint Authorized Precious Metals Dealer: https://catalog.usmint.gov/bullion-dealer-locator- BRINKS Depository Accounts- Precious Metals IRA’s#Provenandprobable
Rule Investment Media Proudly Presents…
Exclusive On-Demand Livestream of the
Rule Symposium on Natural Resource Investing
JOIN THE ONLY INDUSTRY EVENT WHERE YOU CAN CONNECT 1-ON-1 WITH INDUSTRY INSIDERS, TOP EXECUTIVES, BILLIONAIRE INVESTMENT EXPERTS AND MORE!
THIS July 23-27 we’re livestreaming to give you every presentation… and the BIGGEST opportunities… live from the Rule Symposium. PLUS – special bonus content, too! You won’t want to miss out…
Don’t hesitate! To access the livestream and on-demand presentations, you must purchase before the Symposium ends on July 27, 2023.
Dear Friends,When it comes to navigating the current market…There’s no shortage of advice right now.Some say… “It’s time to buy the dip!”Some warn… “You haven’t seen the worst of it yet!”And, some just throw their hands up in the air and say… “It’s anyone’s guess!”I don’t know about you…But when it comes to my money… the last thing I want to do is play guessing games.That’s why – year after year – for 20 years and counting…I’ve been a host of the Natural Resource Investment Symposium.As the industry’s most regarded event, the Rule Symposium focuses on connecting you with the top resource and commodities experts – and opportunities – around the world.We’re talking dozens of industry insiders… top executives… billionaire investment experts… and more…All eager to give YOU exclusive access to their most profitable ideas.It’s a priceless opportunity, no doubt. And I have yet to see another investment conference that even comes close in comparison.Connect With the Biggest and Brightest Names
In Resource and Commodities MarketsFor this year’s annual Rule Symposium on Natural Resource Investing, we pulled out all the stops to connect our live – and virtual – attendees with the very best in the business.Of course, we’ve locked in a stellar lineup of experts for you to interact with during the On- Demand Livestream. For a complete list of speakers, click here.Friends, I can’t stress this enough…It would be impossible to gain access to this caliber of speakers anywhere else.In fact, many of these speakers rarely participate in any other financial or resource conferences.But thanks to our Livestream/On-Demand access….You’ll have the chance to hear this elite team share their success stories… candid insights… and recommendations for profiting through the current bear market…Even if you can’t join us in person.What You Can Expect from the Rule Symposium
Livestream/On-Demand PackageWhile we would love to see all our readers in person for the Rule Symposium in July, we understand for some of you that will not be possible.That is why we’ve created a way for you to attend this event… from the comfort of your home!Just to be clear…This will NOT be your typical online event.In fact, when you claim your access to our livestream/on-demand event today, you’ll get…Access to Every Presentation, Live and in Real Time: Every presentation, including all workshops, panels, and fireside chats will be available to view in real time and on-demand.Livestream Video On-Demand Archives: We will be storing every presentation from the event online through December 31, 2023.Access to our Exclusive Event App – All in the Loop: You can use this on your phone or computer for quick, easy access to any of the featured presentations you do not want to miss.Access to our Virtual Sponsor Booths – Not only will you get every presentation, but you will also have the chance to chat with our online virtual sponsors at their booths.One-on-One Meetings– You will be able to set up one-on-one meetings during the live event (July 25-27) with any of our sponsors or even other attendees and even after the event.Please note: All these benefits are included for those who are joining us in person. If you would rather attend in person, tickets are still available.Claim Your Seat to Our On-DemandCLICK HERE Stream TODAY!When you register for our On Demand Livestream Package now, your price to attend this virtual event is just $299, but you must register before July 27th.Sincerely,
Rick RuleP.S. If you are attending the in-person July 23-27 Symposium, you will automatically be registered for the on-demand livestream and recordings archive.Copyright © 2023 Rule Investment Media, All rights reserved.
Sprott US Media, Inc. is now Rule Investment Media LLC. You are receiving this email because you signed up for the Sprott’s Thoughts newsletter through Sprott U.S. Media Inc., or you requested a portfolio ranking from Rick Rule through Rule Investment Media LLC.
Our mailing address is:
Rule Investment Media1004 Commercial Avenue, #331Anacortes, WA 98221Add us to your address book
Rule Investment Media Proudly Presents…
Exclusive On-Demand Livestream of the
Rule Symposium on Natural Resource Investing
JOIN THE ONLY INDUSTRY EVENT WHERE YOU CAN CONNECT 1-ON-1 WITH INDUSTRY INSIDERS, TOP EXECUTIVES, BILLIONAIRE INVESTMENT EXPERTS AND MORE!
THIS July 23-27 we’re livestreaming to give you every presentation… and the BIGGEST opportunities… live from the Rule Symposium. PLUS – special bonus content, too! You won’t want to miss out…
Don’t hesitate! To access the livestream and on-demand presentations, you must purchase before the Symposium ends on July 27, 2023.
Dear Friends,When it comes to navigating the current market…There’s no shortage of advice right now.Some say… “It’s time to buy the dip!”Some warn… “You haven’t seen the worst of it yet!”And, some just throw their hands up in the air and say… “It’s anyone’s guess!”I don’t know about you…But when it comes to my money… the last thing I want to do is play guessing games.That’s why – year after year – for 20 years and counting…I’ve been a host of the Natural Resource Investment Symposium.As the industry’s most regarded event, the Rule Symposium focuses on connecting you with the top resource and commodities experts – and opportunities – around the world.We’re talking dozens of industry insiders… top executives… billionaire investment experts… and more…All eager to give YOU exclusive access to their most profitable ideas.It’s a priceless opportunity, no doubt. And I have yet to see another investment conference that even comes close in comparison.Connect With the Biggest and Brightest Names
In Resource and Commodities MarketsFor this year’s annual Rule Symposium on Natural Resource Investing, we pulled out all the stops to connect our live – and virtual – attendees with the very best in the business.Of course, we’ve locked in a stellar lineup of experts for you to interact with during the On- Demand Livestream. For a complete list of speakers, click here.Friends, I can’t stress this enough…It would be impossible to gain access to this caliber of speakers anywhere else.In fact, many of these speakers rarely participate in any other financial or resource conferences.But thanks to our Livestream/On-Demand access….You’ll have the chance to hear this elite team share their success stories… candid insights… and recommendations for profiting through the current bear market…Even if you can’t join us in person.What You Can Expect from the Rule Symposium
Livestream/On-Demand PackageWhile we would love to see all our readers in person for the Rule Symposium in July, we understand for some of you that will not be possible.That is why we’ve created a way for you to attend this event… from the comfort of your home!Just to be clear…This will NOT be your typical online event.In fact, when you claim your access to our livestream/on-demand event today, you’ll get…Access to Every Presentation, Live and in Real Time: Every presentation, including all workshops, panels, and fireside chats will be available to view in real time and on-demand.Livestream Video On-Demand Archives: We will be storing every presentation from the event online through December 31, 2023.Access to our Exclusive Event App – All in the Loop: You can use this on your phone or computer for quick, easy access to any of the featured presentations you do not want to miss.Access to our Virtual Sponsor Booths – Not only will you get every presentation, but you will also have the chance to chat with our online virtual sponsors at their booths.One-on-One Meetings– You will be able to set up one-on-one meetings during the live event (July 25-27) with any of our sponsors or even other attendees and even after the event.Please note: All these benefits are included for those who are joining us in person. If you would rather attend in person, tickets are still available.Claim Your Seat to Our On-DemandCLICK HERE Stream TODAY!When you register for our On Demand Livestream Package now, your price to attend this virtual event is just $299, but you must register before July 27th.Sincerely,
Rick RuleP.S. If you are attending the in-person July 23-27 Symposium, you will automatically be registered for the on-demand livestream and recordings archive.Copyright © 2023 Rule Investment Media, All rights reserved.
Sprott US Media, Inc. is now Rule Investment Media LLC. You are receiving this email because you signed up for the Sprott’s Thoughts newsletter through Sprott U.S. Media Inc., or you requested a portfolio ranking from Rick Rule through Rule Investment Media LLC.
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Please click here to purchase tickets.
Sincerely,
Rick Rule
On behalf of Bob Moriarty, www.321gold.com will be back up and running 5 July 2023. Bob is doing just fine, There was a technical issue with the website,
VANCOUVER, BC / ACCESSWIRE / June 23, 2023 / Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF) (the “Company” or “Stillwater”) announced today that it has executed a definitive agreement for a strategic equity investment by Glencore Canada Corporation, a wholly-owned subsidiary of Glencore plc (“Glencore”) in the form of a non-brokered private placement financing (the “Placement) for exploration and development activities at the Company’s North American nickel projects, as well as for working capital and general and administrative expenses.
Pursuant to the Placement, Glencore has agreed to purchase 19,758,861 units of Stillwater at a price of $0.25 per unit for gross proceeds of $4.94 million, with each unit comprising one common share and 0.70 of a common share purchase warrant. Each full warrant shall entitle Glencore to purchase one common share at an exercise price of $0.375, providing up to approximately $5.2 million additional funding, if exercised in full. The warrants shall be exercisable for three years from the date of issue and contain a customary acceleration provision, which shall be effective if the volume weighted average trading price of the common shares on the TSX-V is greater than $0.5625 for a period of 20 consecutive trading days.
Following closing of the investment, Glencore will have ownership and control of 9.99% of the outstanding common shares of Stillwater on a non-diluted basis and, including the warrants, 15.87% of the outstanding common shares on a partially diluted basis. Glencore does not currently own or control any securities of the Company.
Stillwater Critical Minerals President and CEO, Michael Rowley, stated, “We are very pleased to welcome Glencore, one of the top five largest mining companies in the world, as a major investor. This represents a major step forward for Stillwater as we advance our flagship Stillwater West project with the vision of becoming a large-scale source of battery and precious minerals that are now listed as critical in the US, and elsewhere. There are very few projects globally, and especially located within the United States, that offer the combination of grade and scale in a producing district that we see at Stillwater West. We are now booking drills and crews for our 2023 drill campaign with a focus on expansion of the high-grade nickel-copper sulphides identified in our past campaigns. We look forward to announcing further details in the coming weeks, along with the start of drilling.”
In connection with the Placement, Stillwater and Glencore have agreed to enter into an investor rights agreement, pursuant to which Glencore will be entitled to certain customary rights including participation in future equity issuances and a right to maintain its pro-rata position in Stillwater.
In addition, a technical committee will be formed with representatives from each company.
Net proceeds of the private placement are intended to be used for exploration and development activities at the Company’s North American nickel projects, as well as for working capital and general and administrative expenses.
The Placement is expected to close, subject to customary conditions, upon acceptance by the TSX Venture Exchange. All securities issued pursuant to the Placement will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Stillwater Critical Minerals have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
About Glencore and its Holdings in the Company
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, Glencore produces, processes, recycles, sources, markets and distributes the commodities that support decarbonisation while meeting the energy needs of today.
With around 140,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore’s marketing and industrial activities are supported by a global network of more than 40 offices.
Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. Glencore also provides financing, logistics and other services to producers and consumers of commodities.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. Glencore is an active participant in the Extractive Industries Transparency Initiative and is working to decarbonise its operational footprint.
Certain information in this news release is provided by Glencore in satisfaction of the early warning requirements of National Instrument 62-104 – Take-Over Bids and Issuer Bids. Glencore is acquiring the common shares and warrants for investment purposes and will continue to monitor the business, prospects, financial condition and potential capital requirements of the Company. Depending on its evaluation of these and other factors, Glencore may from time to time in the future decrease or increase its direct or indirect ownership, control or direction over securities of the Company through market transactions, private agreements, subscriptions from treasury or otherwise, or may in the future develop plans or intentions relating to any of the other actions listed in (a) through (k) of National Instrument 62-103F1- Required Disclosure Under the Early Warning Requirements.
For the purposes of this press release and early warning disclosure, the number and percentages of outstanding common shares owned and controlled by Glencore following completion of the investment is based on 197,786,398 outstanding common shares following completion of the investment.
Glencore’s address is 100 King Street West, Suite 6900, P.O. Box 403, Toronto, Ontario, Canada, M5X 1E3. Glencore is incorporated under the laws of Ontario. An early warning report in respect of the investment will be filed under the Company’s profile on SEDAR at www.sedar.com. For a copy of the report or for further Glencore information, please contact Peter Fuchs at (416) 305-9273, peter.fuchs@glencore.ca.
About Stillwater Critical Minerals Corp.
Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF) is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group and other metals by neighboring Sibanye-Stillwater. An expanded NI 43-101 mineral resource estimate, released January 2023, delineates a compelling suite of critical minerals contained within five Platreef-style nickel and copper sulphide deposits at Stillwater West, which host a total of 1.6 billion pounds of nickel, copper and cobalt, and 3.8 million ounces of palladium, platinum, rhodium, and gold, and remains open for expansion along trend and at depth.
Stillwater Critical Minerals also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury Metals’ development-stage Goliath Gold Complex in northwest Ontario, currently under an earn-in agreement with Heritage Mining, and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.
The Company’s address is 904, 409 Granville Street, Vancouver, British Columbia, V6C 1T2.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Michael Rowley, President, CEO & Director – Stillwater Critical Minerals
Email: info@criticalminerals.com
Web: http://criticalminerals.com
Phone: (604) 357 4790
Toll Free: (888) 432 0075
Forward-Looking Statements
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Stillwater believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Stillwater and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Stillwater Critical Minerals
View source version on accesswire.com:
https://www.accesswire.com/763305/Stillwater-Critical-Minerals-Announces-999-Strategic-Investment-by-Glencore
Vancouver, British Columbia–(Newsfile Corp. – June 20, 2023) – Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (“Goldshore” or the “Company“), further to its press release of May 8, 2023, confirms that it has filed pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects a technical report titled “NI 43-101 Technical Report – Mineral Resource Estimate for the Moss Lake Project, Ontario, Canada” (the “Technical Report“) in connection with the 100%-owned Moss Gold Project in Northwest Ontario, Canada (the “Moss Gold Project“). The Technical Report was prepared by Neal Reynolds, FAusIMM, MAIG and Matthew Field, Pr.Sci. Nat of CSA Global Consultants Canada Ltd. The Technical Report has an effective date of May 5, 2023. The Technical Report is available on SEDAR at www.SEDAR.com and is posted on the Company’s website at www.goldshoreresources.com.
In addition, further to its press release of May 17, 2023, Goldshore is working with Ausenco Engineering Canada Inc. (“Ausenco“) as its lead engineering firm to conduct the preliminary economic assessment (“PEA“) at the Moss Gold Project. Goldshore’s VP Exploration, Pete Flindell, stated, “Goldshore is reviewing high level scoping studies with Ausenco in order to identify the optimum project for the PEA. With high grade shears in low-grade altered wall rock, three viable process routes, and varying mining scales and rates, there are dozens of options that are being carefully evaluated, as the likely optimum project will be a staged hybrid rather than a simple mine-to-mill operation. We look forward to final PEA results in Q4 of this year.”
About Goldshore
Goldshore is an emerging junior gold development company and owns 100% of the Moss Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a large shareholder of Goldshore, and the Company is supported by an industry-leading management group, board of directors and advisory board. Goldshore is positioned to advance the Moss Gold Project through the next stages of exploration and development.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For More Information – Please Contact:
Brett A. Richards
President, Chief Executive Officer and Director
Goldshore Resources Inc.
P. +1 604 288 4416 M. +1 905 449 1500
E. brichards@goldshoreresources.com
W. www.goldshoreresources.com
Facebook: GoldShoreRes | Twitter: GoldShoreRes | LinkedIn: Goldshoreres
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that Goldshore expects or anticipates will or may occur in the future including conduct and timing of the PEA.
Forward-looking statements in this news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Gold Project, commencement of a preliminary economic assessment and prefeasibility study, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company’s securities, regardless of its operating performance; the impact of COVID-19; the ongoing military conflict in Ukraine; and other risk factors outlined in the Company’s public disclosure documents.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/170665
North Vancouver, British Columbia–(Newsfile Corp. – June 20, 2023) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce that it has completed a CSAMT (Controlled Source Audio-frequency Magnetotellurics) survey at its 100% owned Tuvatu Alkaline Gold Project in Fiji.
Highlights:
- 14 new CSAMT survey lines were completed, including 7 across the main Tuvatu deposit area.
- 3 lines from the 2019 CSAMT survey were extended.
- Station density has doubled from 100 m in the 2019 survey to 50 m in the 2022-23 survey.
- Line spacing has halved from an average of 560 m in 2019 to an average of 300 m in 2023.
- A total of approximately 33 line-kms were surveyed (11 km in 2022 and 22 km in 2023).
- CSAMT processing and interpretation is expected to be complete in July; increased resolution of the CSAMT data will be used to generate high quality drill targets across the Navilawa caldera.
Lion One Chairman and CEO Walter Berukoff commented: “We’re thrilled to have completed our CSAMT survey and we eagerly await the results of the survey, which we hope to have available later in July. The 2019 survey was invaluable in helping us to discover the feeder zone underlying Tuvatu and led us directly to the 500 Zone, where we intersected 75.9 m of 20.86 g/t Au.1 The 2022-2023 survey will complement the 2019 survey and will dramatically improve survey resolution across the property, where we have already identified numerous exciting and untested prospects. The CSAMT data will help us to identify and refine drill targets underlying those prospects and we look forward to drill testing select targets later in 2023.”
Figure 1. Location of 2022-2023 CSAMT Survey Lines.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/170646_a5b62d02c4482a0c_001full.jpg
CSAMT Overview
CSAMT is a ground geophysical method used for obtaining information about subsurface resistivity in a survey area. It measures the electrical resistivity of rocks down to depths of approximately 1.2 to 1.5 km, which is much deeper than alternative resistivity techniques. The survey identifies areas of bedrock with contrasting electrical properties, often due to variations in lithology, porosity, or alteration. Abrupt changes in resistivity occur when two rock types with differing resistivity characteristics are juxtaposed against one another, or when an area is highly fractured and allows groundwater to penetrate resistive rocks thereby producing an area of lower resistivity. CSAMT surveys are highly beneficial in identifying subsurface structures, such as lithological contact zones, faults, and fracture systems, especially if these are deep-rooted structures.
In alkaline gold deposits such as Tuvatu, it is these deep-rooted structures that provide the conduits for fluid flow to rise up in the earth’s crust and in which gold is deposited. When interpreting CSAMT data, the main focus is on steep resistivity gradients that may indicate the presence of such structures. CSAMT surveys are the pre-eminent geophysical tool in identifying mineralized structures and drill targets in alkaline gold deposits.
2022-2023 Survey
Lion One’s 2022-2023 CSAMT survey was designed to complement the 2019 survey by adding infill and extension lines to the previous survey area. The 2019 survey was moderate to widely spaced, with line spacing ranging from 300 m to 800 m, and station spacing every 100 m. Line and station spacing has improved significantly across the Navilawa Caldera following the 2022-2023 CSAMT survey, with line spacing ranging from 100 m to 400 m, and station spacing only 50 m apart on all new lines (Figure 1). The increased line and station density will provide greater resolution across the property and will assist in refining and generating new drill targets in the caldera.
The 2022-2023 CSAMT survey was conducted by Zonge Engineering and Research Organization of Adelaide, Australia. The 2022 portion of the survey was completed on October 8th, 2022 and the 2023 portion was completed on June 10th, 2023. A total of 33 line-km were surveyed, with 11 km completed in 2022 and 22 km completed in 2023. In addition to the 22.5 line-km surveyed in 2019, Lion One has now surveyed a total of 55.5 line-km of CSAMT across the Navilawa Caldera. Notably, the 2022-2023 survey included 5 survey lines oriented north-south across the main Tuvatu deposit, providing a high-density grid of coverage across the Tuvatu area. This will provide high-quality resistivity data for the Tuvatu deposit and all near-mine exploration targets, such as the West Zone.
Lion One has also identified numerous regional prospects throughout the Navilawa Caldera, with multiple surface samples returning grades of over 100 g/t Au (Figure 2). One of the goals of the 2022-2023 CSAMT survey was to improve coverage and understanding of the structural architecture underlying these prospects, some of which are located on the edge of the 2019 survey lines where results can be less reliable. The 2022-2023 infill and extension lines will dramatically improve survey resolution and reliability in these areas and will help refine drill targets underlying those prospects.
The 2022-2023 CSAMT survey was originally planned for 2021 but was delayed by the COVID-19 pandemic. The 2022-2023 survey was completed under budget.
Figure 2. Select Regional Prospects. Select regional prospects covered by the CSAMT survey area. The goal of the CSAMT survey is to define high resolution structures underlying these prospects and to thereby identify high priority drill targets. All grades shown are peak results from surface samples, either rock chips or channel samples. Refer to the November 15th, 2022 news release and the April 22nd, 2022 technical report for full contextualization of data.
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Figure 3. Example 2019 CSAMT Interpretation, West Zone. The 2019 CSAMT survey identified several resistivity gradients in the area of the West Zone which may indicate a potential new feeder zone. The 2022-2023 CSAMT infill and extension lines in this area will increase resolution and help to refine drill targets in the West Zone. Warm colors indicate areas of high resistivity, cool colors indicate areas of low resistivity. Inset map shows the location of this interpretation section in relation to the Navilawa caldera, with the D-D’ line highlighted in yellow and the main Tuvatu deposit indicated by the star. The 2019 survey, including this figure, is the subject of a news release dated February 5, 2020.
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About Tuvatu
The Tuvatu Alkaline Gold Project is located on the island of Viti Levu in Fiji. The January 2018 mineral resource for Tuvatu as disclosed in the technical report “Technical Report and Preliminary Economic Assessment for the Tuvatu Gold Project, Republic of Fiji”, dated September 25, 2020, and prepared by Mining Associates Pty Ltd of Brisbane Qld, comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and on the SEDAR website at www.sedar.com.
Qualified Person
In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”), Sergio Cattalani, P.Geo, Senior Vice President Exploration, is the Qualified Person for the Company and has reviewed and is responsible for the technical and scientific content of this news release.
About Lion One Metals Limited
Lion One’s flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa Caldera, an underexplored yet highly prospective 7km diameter alkaline gold system. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.
On behalf of the Board of Directors of
Lion One Metals Limited
“Walter Berukoff“, Chairman and CEO
Contact Investor Relations
Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Website: www.liononemetals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release
This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
1Refer Company news release dated 6 June 2022.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/170646
Grade Control Drilling in URW1 and Zone 5 Areas Returns Grades over 100 g/t Au
North Vancouver, British Columbia–(Newsfile Corp. – June 14, 2023) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to report significant high-grade gold results from ongoing grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji.
Assay results are presented here for grade control drilling completed on both the URW1 lode system as well as the Zone 5 area of the deposit, which encompasses the upper portion of lodes UR1, UR2, UR3, UR4, URW2, URW3, URW1A, and UR2A (Figure 1). As reported on May 18, 2023, initial mining of the URW1 lode system has already commenced and grade control drilling is being completed in advance of mining. The Zone 5 area of the deposit is scheduled for mining in early 2024 and thus the grade control drilling in this area is being conducted in anticipation of future mining, as well as to increase the knowledge of the deposit in that area. Additional high-grade intersections peripheral to both the URW1 and the Zone 5 areas are also included in this release as part of the grade control program.
Highlights of new grade control drilling:
- 7.14 g/t Au over 21.6 m (including 18.61 g/t Au over 5.1 m) (TGC-0042, from 73.6 m depth)
- 52.05 g/t Au over 2.1 m (including 345.3 g/t Au over 0.3m) (TGC-0042, from 118.0 m depth)
- 23.11 g/t Au over 3.6 m (including 125.31 g/t Au over 0.3 m) (TGC-0040, from 65.4 m depth)
- 19.43 g/t Au over 3.3 m (including 80.87 g/t Au over 0.6 m) (TGC-0051, from 49.5 m depth)
- 21.15 g/t Au over 2.7 m (including 67.59 g/t Au over 0.6 m) (TGC-0047, from 123.3 m depth)
- 9.39 g/t Au over 4.2 m (including 67.30 g/t Au over 0.3 m) (TGC-0050, from 26.7 m depth)
- 10.13 g/t Au over 3.9 m (including 38.58 g/t Au over 0.6 m) (TGC-0043, from 66.3 m depth)
- 33.99 g/t Au over 0.9 m (including 100.89 g/t Au over 0.3 m) (TGC-0045, from 62.1 m depth)
- 78.03 g/t Au over 0.3 m (TGC-0052, from 40.2 m depth)
Grade control drilling is being conducted on 5-10 m centers and is designed to provide a much higher resolution of the lode arrays than compared to infill drilling, which is being conducted on approximately 20 m centers. This increased resolution provides a much better understanding of the geometry and mineralization of the lodes and helps to optimize mine development and extraction. The grade control drilling program is currently on schedule and the results to date confirm the local understanding of the URW1 and Zone 5 geological models.
Figure 1. Plan View of the Main Tuvatu Deposit with Reported Grade Control Drilling. Plan view image illustrating the location of the most recent grade control drillholes in relation to the Tuvatu lode system. Grade control holes are shown in black, currently modelled mineralized lodes are shown in light grey, the main decline is shown in red, and the historical exploration decline in blue. Previous grade control, infill and exploration drillholes are not shown.
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URW1 Grade Control Drilling
The URW1 lode system consists of narrow, high-grade to locally bonanza-grade vein arrays and vein swarms that strike approximately N-S and dip sub-vertically to steeply east. Current modelling suggests that there are multiple separate lodes within the URW1 lode system. The first two of these lodes, URW1a and URW1b, are currently being mined. The URW1 lode system has a current strike length of approximately 300 m in the N-S direction, and a vertical extent of approximately 300 m.
A total of 52 grade control holes have been completed to date in the grade control drill program. Results from the first 36 drillholes (TGC-0001 to TGC-0036) were reported on April 25, 2023, and the next 16 drillholes (TGC-0037 to TGC-0052) are reported here. Ten of the most recent grade control drillholes targeted the URW1 area. Figure 2 shows the location of the most recent drillholes in relation to the URW1a and URW1b lodes, as well as to the main Tuvatu decline. Grade control drilling on the URW1 lode system has been conducted from underground from both the main decline and the historical exploration decline, and has been designed to target an 80 m strike section within the overall 300 m strike length of the URW1 system.
Figure 2. Plan View of URW1 Lode System. Plan view image illustrating the location of the most recent grade control holes in relation to the URW1 lode system. The URW1 lode system consists of multiple separate lodes, two of which are highlighted here; URW1a in purple and URW1b in green. The remaining URW1 lodes are shown in brown. The main decline is shown in red, the historical exploration decline in blue, and the grade control drillholes in black.
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Figure 3. Long Section View of URW1 Lode System. Long section view showing recent high-grade drill intercepts of URW1 with URW1a highlighted in pink and URW1b highlighted in green. All other URW1 lodes are shown in brown. Composite intervals with grades between 3 and 10 g/t Au are shown in yellow, intervals with grades over 10 g/t Au are shown in red. Image is looking north.
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Figure 4. Example URW1 Drill Core. LEFT: TGC-0040 at 67.3 m depth. Monzonite-hosted stockwork-style veining with a narrow high-grade silica vein containing coarse grained visible gold. RIGHT: TGC-0042 at 91.60 m depth. Vuggy silica vein with narrow bleached alteration halo in monzonite. Width of core is 4.76 cm in each photo.
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Zone 5 Grade Control Drilling
The Zone 5 area of the Tuvatu deposit consists of the upper portion of a series of closely spaced lode systems. The lode systems targeted by the most recent grade control drilling in Zone 5 are the UR1, UR2, and URW3 lodes. These three lodes are located just east of the historical exploration decline, strike approximately N-S, and dip sub-vertically to steeply east, similar to the URW1 lodes. As currently modelled, the UR1, UR2, and URW3 lodes have vertical extents ranging from approximately 700 m to approximately 900 m, and strike lengths ranging from 300 m to 600 m. All three of the lodes are open both along strike and at depth.
A total of six Zone 5 grade control drillholes are included in this report. These are the first six grade control drillholes to target the Zone 5 area and they follow upon the initial results from an ongoing infill drill program in the area. Figure 5 shows the location of these drillholes in relation to the UR1, UR2, and URW3 lodes, as well as to the historical exploration decline. Grade control drilling in the Zone 5 area has been conducted from the historical exploration decline and has been designed to target a 60 m strike section within the overall 300 m to 600 m strike length of these lodes.
Figure 5. Zone 5 Grade Control Drilling in Relation to Targeted Zone 5 Lodes. Image shows the Zone 5 grade control holes in relation to the targeted UR1, UR2, and URW3 lodes. These lodes are slightly concave with URW3 on the inside (left side on image), closest to the exploration decline, and UR1 on the outside. UR1 is shown in pink, UR2 in green, and URW3 in blue. The historical exploration decline is shown in bright blue, and the grade control drillholes are partially visible in black within the circle.
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Figure 6. Zone 5 Grade Control Intercepts. Section view facing north, showing a 60 m slice of lodes UR1, UR2, and URW3 within Zone 5. Composite intervals with grades between 3 and 10 g/t Au are shown in yellow, while intervals with grades over 10 g/t Au are shown in red and purple.
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Figure 7. Examples of Zone 5 Drill Core. LEFT: UR2 lode in TGC-0049 at 35.15 m depth. Coarse grained honey sphalerite and pyrite in variable light to dark grey quartz vein with narrow potassic alteration halo. RIGHT: URW3 lode in TGC-0050 at 29.6 m depth. Abundant coarse honey sphalerite rimmed by fine grained sooty pyrite +/- galena and narrow potassic alteration halo, within a larger zone of stockwork style mineralization. Width of core is 4.76 cm in each photo.
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Table 1. Highlights of composited drill results in the URW1 area. Only new grade control drilling results are included here. For previous results see news release from April 25, 2023. For full results see Table 3 in the appendix.
| Hole ID | From | To | Interval (m) | Au (g/t) | |
| TGC-0039 | 77.4 | 78.3 | 0.9 | 8.37 | |
| TGC-0039 | 101.7 | 102.9 | 1.2 | 7.18 | |
| including | 102.3 | 102.6 | 0.3 | 15.64 | |
| TGC-0040 | 30.3 | 31.5 | 1.2 | 4.7 | |
| TGC-0040 | 51.3 | 53.1 | 1.8 | 12.63 | |
| including | 51.9 | 52.5 | 0.6 | 27.05 | |
| TGC-0040 | 65.4 | 69 | 3.6 | 23.1 | |
| including | 66 | 66.3 | 0.3 | 85.87 | |
| and | 67.2 | 67.5 | 0.3 | 125.31 | |
| and | 68.4 | 68.7 | 0.3 | 13.93 | |
| and | 68.7 | 69 | 0.3 | 46.89 | |
| TGC-0040 | 82.5 | 82.8 | 0.3 | 64.65 | |
| TGC-0041 | 16.8 | 19.8 | 3 | 1.52 | |
| TGC-0042 | 47.4 | 51 | 3.6 | 3.96 | |
| including | 50.7 | 51 | 0.3 | 31.99 | |
| TGC-0042 | 52.8 | 54.6 | 1.8 | 11.82 | |
| including | 53.7 | 54 | 0.3 | 64.24 | |
| TGC-0042 | 60 | 63 | 3 | 5.52 | |
| including | 61.8 | 63 | 1.2 | 11.1 | |
| TGC-0042 | 64.5 | 66.6 | 2.1 | 7.19 | |
| including | 64.5 | 65.1 | 0.6 | 17.34 | |
| TGC-0042 | 68.5 | 72.4 | 3.9 | 4.46 | |
| including | 68.5 | 69.7 | 1.2 | 8.25 | |
| TGC-0042 | 73.6 | 95.2 | 21.6 | 7.14 | |
| including | 76.3 | 78.1 | 1.8 | 7.47 | |
| and | 82 | 92.5 | 10.5 | 12.06 | |
| which includes | 83.2 | 83.5 | 0.3 | 19.99 | |
| and | 85.9 | 86.2 | 0.3 | 11.88 | |
| and | 88.6 | 88.9 | 0.3 | 19.92 | |
| and | 89.5 | 90.1 | 0.6 | 15.26 | |
| and | 90.4 | 91.9 | 1.5 | 42.05 | |
| which includes | 90.4 | 91 | 0.6 | 19.98 | |
| and | 91 | 91.3 | 0.3 | 24.93 | |
| and | 91.3 | 91.9 | 0.6 | 72.68 | |
| TGC-0042 | 118 | 120.1 | 2.1 | 52.05 | |
| including | 118.6 | 119.2 | 0.6 | 177.66 | |
| which includes | 118.9 | 119.2 | 0.3 | 345.34 | |
| TGC-0043 | 33.3 | 34.5 | 1.2 | 5.72 | |
| including | 33.3 | 33.6 | 0.3 | 9.15 | |
| TGC-0043 | 66.3 | 70.2 | 3.9 | 10.13 | |
| including | 66.3 | 68.1 | 1.8 | 19.74 | |
| which includes | 66.3 | 66.9 | 0.6 | 38.58 | |
| and | 66.9 | 67.5 | 0.6 | 12.69 | |
| TGC-0044 | 36.6 | 39 | 2.4 | 8.87 | |
| including | 36.6 | 37.5 | 0.9 | 16.81 | |
| TGC-0045 | 62.1 | 63 | 0.9 | 33.99 | |
| including | 62.7 | 63 | 0.3 | 100.89 | |
| TGC-0045 | 75 | 75.6 | 0.6 | 5.94 | |
| including | 75 | 75.3 | 0.3 | 9.3 | |
| TGC-0047 | 100.5 | 101.4 | 0.9 | 23.16 | |
| TGC-0047 | 100.5 | 100.8 | 0.3 | 59.63 | |
| TGC-0047 | 102.6 | 107.7 | 5.1 | 1.54 | |
| TGC-0047 | 123.3 | 126 | 2.7 | 21.14 | |
| including | 124.5 | 126 | 1.5 | 37.08 | |
| which includes | 124.5 | 124.8 | 0.3 | 45.88 | |
| and | 124.8 | 125.4 | 0.6 | 67.59 | |
| TGC-0051 | 16.2 | 19.2 | 3 | 10.15 | |
| including | 16.8 | 17.4 | 0.6 | 19.15 | |
| and | 18 | 18.6 | 0.6 | 16.29 | |
| and | 18.6 | 19.2 | 0.6 | 9.57 | |
| TGC-0051 | 49.5 | 52.8 | 3.3 | 19.43 | |
| including | 49.5 | 50.1 | 0.6 | 8.35 | |
| and | 50.1 | 50.7 | 0.6 | 80.87 | |
| and | 51.9 | 52.8 | 0.9 | 8.69 |
Table 2. Highlights of composited drill results in the Zone 5 area. For full results see Table 4 in the appendix.
| Hole ID | From | To | Interval (m) | Au (g/t) | |
| TGC-0049 | 29.4 | 35.1 | 5.7 | 4.07 | |
| including | 30 | 32.1 | 2.1 | 9.15 | |
| which includes | 30.3 | 30.9 | 0.6 | 16.71 | |
| and | 31.2 | 31.8 | 0.6 | 8.88 | |
| TGC-0049 | 43.3 | 45.1 | 1.8 | 7.59 | |
| including | 43.9 | 44.5 | 0.6 | 16.87 | |
| TGC-0050 | 26.7 | 30.9 | 4.2 | 9.39 | |
| including | 27.6 | 30.6 | 3 | 12.78 | |
| which includes | 27.9 | 29.7 | 1.8 | 18 | |
| which includes | 29.4 | 29.7 | 0.3 | 67.3 | |
| TGC-0052 | 40.2 | 40.5 | 0.3 | 78.03 |
About Tuvatu
The Tuvatu Alkaline Gold Project is located on the island of Viti Levu in Fiji. The January 2018 mineral resource for Tuvatu as disclosed in the technical report “Technical Report and Preliminary Economic Assessment for the Tuvatu Gold Project, Republic of Fiji”, dated September 25, 2020, and prepared by Mining Associates Pty Ltd of Brisbane Qld, comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and on the SEDAR website at www.sedar.com.
Qualified Person
In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), Sergio Cattalani, P.Geo, Senior Vice President Exploration, is the Qualified Person for the Company and has reviewed and is responsible for the technical and scientific content of this news release.
QAQC Procedures
Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in conducting its sampling, drilling, testing, and analyses. The Company utilizes its own fleet of diamond drill rigs, using PQ, HQ and NQ sized drill core rods. Drill core is logged and split by Lion One personnel on site. Samples are delivered to and analyzed at the Company’s geochemical and metallurgical laboratory in Fiji. Duplicates of all samples with grades above 0.5 g/t Au are both re-assayed at Lion One’s lab and delivered to ALS Global Laboratories in Australia (ALS) for check assay determinations. All samples for all high-grade intercepts are sent to ALS for check assays. All samples are pulverized to 85% passing through 75 microns. Gold analysis is carried out using fire assay with an AA finish. Samples that have returned grades greater than 10.00 g/t Au are then re-analyzed by gravimetric method. For samples that return greater than 0.50 g/t Au, repeat fire assay runs are carried out and repeated until a result is obtained that is within 10% of the original fire assay run. Lion One’s laboratory can also assay for a range of 71 other elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite of 9 important pathfinder elements. All duplicate anomalous samples are sent to ALS labs in Townsville QLD and are analyzed by the same methods (Au-AA26, and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61).
About Lion One Metals Limited
Lion One’s flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa Caldera, an underexplored yet highly prospective 7km diameter alkaline gold system. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.
On behalf of the Board of Directors of Lion One Metals Limited
“Walter Berukoff“, Chairman and CEO
Contact Investor Relations
Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Website: www.liononemetals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release
This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Appendix 1: Full Drill Results and Collar Information
Table 3. Composited results from grade control drillholes in the URW1 area (grade >0.5 g/t Au)
| Hole ID | From | To | Interval (m) | Au (g/t) | |
| TGC-0039 | 77.4 | 78.3 | 0.9 | 8.37 | |
| TGC-0039 | 86.1 | 87 | 0.9 | 1.1 | |
| TGC-0039 | 101.7 | 102.9 | 1.2 | 7.18 | |
| TGC-0039 | including | 102.3 | 102.6 | 0.3 | 15.64 |
| TGC-0039 | 106.5 | 107.1 | 0.6 | 0.99 | |
| TGC-0039 | 112.5 | 113.1 | 0.6 | 1.09 | |
| TGC-0039 | 117.3 | 117.6 | 0.3 | 5.86 | |
| TGC-0040 | 10.8 | 12.3 | 1.5 | 2.05 | |
| TGC-0040 | 30.3 | 31.5 | 1.2 | 4.7 | |
| TGC-0040 | 49.8 | 50.1 | 0.3 | 0.85 | |
| TGC-0040 | 51.3 | 53.1 | 1.8 | 12.63 | |
| TGC-0040 | including | 51.9 | 52.5 | 0.6 | 27.05 |
| TGC-0040 | 56.1 | 56.7 | 0.6 | 1.44 | |
| TGC-0040 | 65.4 | 69 | 3.6 | 23.1 | |
| TGC-0040 | including | 66 | 66.3 | 0.3 | 85.87 |
| TGC-0040 | and | 67.2 | 67.5 | 0.3 | 125.31 |
| TGC-0040 | and | 68.4 | 68.7 | 0.3 | 13.93 |
| TGC-0040 | and | 68.7 | 69 | 0.3 | 46.89 |
| TGC-0040 | 82.5 | 82.8 | 0.3 | 64.65 | |
| TGC-0040 | 85.5 | 87 | 1.5 | 2.47 | |
| TGC-0040 | 90.9 | 91.2 | 0.3 | 4.66 | |
| TGC-0041 | 16.8 | 19.8 | 3 | 1.52 | |
| TGC-0041 | 51.9 | 52.8 | 0.9 | 0.82 | |
| TGC-0042 | 24 | 25.2 | 1.2 | 0.92 | |
| TGC-0042 | 39 | 39.6 | 0.6 | 1.94 | |
| TGC-0042 | 47.4 | 51 | 3.6 | 3.96 | |
| TGC-0042 | including | 50.7 | 51 | 0.3 | 31.99 |
| TGC-0042 | 52.8 | 54.6 | 1.8 | 11.82 | |
| TGC-0042 | including | 53.7 | 54 | 0.3 | 64.24 |
| TGC-0042 | 56.1 | 57.3 | 1.2 | 2.32 | |
| TGC-0042 | 60 | 63 | 3 | 5.52 | |
| TGC-0042 | including | 61.8 | 63 | 1.2 | 11.1 |
| TGC-0042 | 64.5 | 66.6 | 2.1 | 7.19 | |
| TGC-0042 | including | 64.5 | 65.1 | 0.6 | 17.34 |
| TGC-0042 | 68.5 | 72.4 | 3.9 | 4.46 | |
| TGC-0042 | including | 68.5 | 69.7 | 1.2 | 8.25 |
| TGC-0042 | 73.6 | 95.2 | 21.6 | 7.14 | |
| TGC-0042 | including | 76.3 | 78.1 | 1.8 | 7.47 |
| TGC-0042 | and | 82 | 92.5 | 10.5 | 12.06 |
| TGC-0042 | which includes | 83.2 | 83.5 | 0.3 | 19.99 |
| TGC-0042 | and | 85.9 | 86.2 | 0.3 | 11.88 |
| TGC-0042 | and | 88.6 | 88.9 | 0.3 | 19.92 |
| TGC-0042 | and | 89.5 | 90.1 | 0.6 | 15.26 |
| TGC-0042 | and | 90.4 | 91.9 | 1.5 | 42.05 |
| TGC-0042 | which includes | 90.4 | 91 | 0.6 | 19.98 |
| TGC-0042 | and | 91 | 91.3 | 0.3 | 24.93 |
| TGC-0042 | and | 91.3 | 91.9 | 0.6 | 72.68 |
| TGC-0042 | 97.6 | 99.7 | 2.1 | 0.96 | |
| TGC-0042 | 110.8 | 112.3 | 1.5 | 2.49 | |
| TGC-0042 | 118 | 120.1 | 2.1 | 52.05 | |
| TGC-0042 | including | 118.6 | 119.2 | 0.6 | 177.66 |
| TGC-0042 | which includes | 118.9 | 119.2 | 0.3 | 345.34 |
| TGC-0042 | 122.5 | 122.8 | 0.3 | 0.61 | |
| TGC-0042 | 124 | 124.6 | 0.6 | 2.88 | |
| TGC-0043 | 33.3 | 34.5 | 1.2 | 5.72 | |
| TGC-0043 | including | 33.3 | 33.6 | 0.3 | 9.15 |
| TGC-0043 | 66.3 | 70.2 | 3.9 | 10.13 | |
| TGC-0043 | including | 66.3 | 68.1 | 1.8 | 19.74 |
| TGC-0043 | which includes | 66.3 | 66.9 | 0.6 | 38.58 |
| TGC-0043 | and | 66.9 | 67.5 | 0.6 | 12.69 |
| TGC-0043 | 84 | 85.5 | 1.5 | 1.02 | |
| TGC-0044 | 1.8 | 2.7 | 0.9 | 2.37 | |
| TGC-0044 | 36.6 | 39 | 2.4 | 8.87 | |
| TGC-0044 | including | 36.6 | 37.5 | 0.9 | 16.81 |
| TGC-0044 | 40 | 40.3 | 0.3 | 1.19 | |
| TGC-0044 | 47.6 | 47.9 | 0.3 | 0.57 | |
| TGC-0044 | 64.4 | 65.3 | 0.9 | 1.3 | |
| TGC-0044 | 74 | 74.6 | 0.6 | 1.02 | |
| TGC-0044 | 76.1 | 76.4 | 0.3 | 0.94 | |
| TGC-0044 | 80 | 80.3 | 0.3 | 0.66 | |
| TGC-0045 | 3.3 | 4.5 | 1.2 | 1.48 | |
| TGC-0045 | 39.3 | 39.6 | 0.3 | 1.2 | |
| TGC-0045 | 44.1 | 44.7 | 0.6 | 1.78 | |
| TGC-0045 | 57.9 | 58.8 | 0.9 | 2.74 | |
| TGC-0045 | 62.1 | 63 | 0.9 | 33.99 | |
| TGC-0045 | including | 62.7 | 63 | 0.3 | 100.89 |
| TGC-0045 | 67.8 | 68.7 | 0.9 | 2.47 | |
| TGC-0045 | 75 | 75.6 | 0.6 | 5.94 | |
| TGC-0045 | including | 75 | 75.3 | 0.3 | 9.3 |
| TGC-0045 | 82.5 | 83.1 | 0.6 | 1.09 | |
| TGC-0045 | 86.1 | 88.5 | 2.4 | 1.33 | |
| TGC-0045 | 93.3 | 94.2 | 0.9 | 2.29 | |
| TGC-0045 | 105.6 | 105.9 | 0.3 | 0.87 | |
| TGC-0047 | 4.8 | 5.4 | 0.6 | 2.55 | |
| TGC-0047 | 41.7 | 44.4 | 2.7 | 1.41 | |
| TGC-0047 | 48.6 | 49.2 | 0.6 | 1.12 | |
| TGC-0047 | 53.1 | 54 | 0.9 | 1.83 | |
| TGC-0047 | 61.5 | 61.8 | 0.3 | 0.67 | |
| TGC-0047 | 69.9 | 70.2 | 0.3 | 2.68 | |
| TGC-0047 | 72.3 | 73.8 | 1.5 | 0.94 | |
| TGC-0047 | 77.7 | 78.6 | 0.9 | 2.71 | |
| TGC-0047 | 81 | 81.9 | 0.9 | 1.44 | |
| TGC-0047 | 84.3 | 84.9 | 0.6 | 0.89 | |
| TGC-0047 | 91.5 | 91.8 | 0.3 | 0.56 | |
| TGC-0047 | 96 | 96.6 | 0.6 | 2.8 | |
| TGC-0047 | 98.4 | 98.7 | 0.3 | 0.61 | |
| TGC-0047 | 100.5 | 101.4 | 0.9 | 23.16 | |
| TGC-0047 | 100.5 | 100.8 | 0.3 | 59.63 | |
| TGC-0047 | 102.6 | 107.7 | 5.1 | 1.54 | |
| TGC-0047 | 110.4 | 111 | 0.6 | 1.08 | |
| TGC-0047 | 113.1 | 114.9 | 1.8 | 0.94 | |
| TGC-0047 | 123.3 | 126 | 2.7 | 21.14 | |
| TGC-0047 | including | 124.5 | 126 | 1.5 | 37.08 |
| TGC-0047 | which includes | 124.5 | 124.8 | 0.3 | 45.88 |
| TGC-0047 | and | 124.8 | 125.4 | 0.6 | 67.59 |
| TGC-0047 | 127.2 | 128.4 | 1.2 | 0.99 | |
| TGC-0047 | 131.7 | 132.3 | 0.6 | 0.54 | |
| TGC-0047 | 134.7 | 138.3 | 3.6 | 1.39 | |
| TGC-0047 | 143.7 | 144.3 | 0.6 | 2.44 | |
| TGC-0051 | 16.2 | 19.2 | 3 | 10.15 | |
| TGC-0051 | including | 16.8 | 17.4 | 0.6 | 19.15 |
| TGC-0051 | and | 18 | 18.6 | 0.6 | 16.29 |
| TGC-0051 | and | 18.6 | 19.2 | 0.6 | 9.57 |
| TGC-0051 | 23.7 | 24.3 | 0.6 | 1.77 | |
| TGC-0051 | 49.5 | 52.8 | 3.3 | 19.43 | |
| TGC-0051 | including | 49.5 | 50.1 | 0.6 | 8.35 |
| TGC-0051 | and | 50.1 | 50.7 | 0.6 | 80.87 |
| TGC-0051 | and | 51.9 | 52.8 | 0.9 | 8.69 |
Table 4. Composited results from grade control drillholes in the Zone 5 area (grade >0.5 g/t Au)
| Hole ID | From | To | Interval (m) | Au (g/t) | |
| TGC-0037 | 24.8 | 27.2 | 2.4 | 0.95 | |
| TGC-0037 | 29.6 | 29.9 | 0.3 | 0.57 | |
| TGC-0037 | 30.5 | 30.8 | 0.3 | 0.56 | |
| TGC-0038 | 27.5 | 27.8 | 0.3 | 0.53 | |
| TGC-0038 | 30.5 | 30.8 | 0.3 | 0.61 | |
| TGC-0046 | 21.2 | 21.5 | 0.3 | 3.33 | |
| TGC-0049 | 29.4 | 35.1 | 5.7 | 4.07 | |
| TGC-0049 | including | 30 | 32.1 | 2.1 | 9.15 |
| TGC-0049 | which includes | 30.3 | 30.9 | 0.6 | 16.71 |
| TGC-0049 | and | 31.2 | 31.8 | 0.6 | 8.88 |
| TGC-0049 | 41.5 | 42.1 | 0.6 | 1.77 | |
| TGC-0049 | 43.3 | 45.1 | 1.8 | 7.59 | |
| TGC-0049 | including | 43.9 | 44.5 | 0.6 | 16.87 |
| TGC-0049 | 47.2 | 47.8 | 0.6 | 0.87 | |
| TGC-0050 | 26.7 | 30.9 | 4.2 | 9.39 | |
| TGC-0050 | including | 27.6 | 30.6 | 3 | 12.78 |
| TGC-0050 | which includes | 27.9 | 29.7 | 1.8 | 18 |
| TGC-0050 | which includes | 27.9 | 28.2 | 0.3 | 10.04 |
| TGC-0050 | and | 28.8 | 29.1 | 0.3 | 12.83 |
| TGC-0050 | and | 29.4 | 29.7 | 0.3 | 67.3 |
| TGC-0050 | 34.5 | 35.7 | 1.2 | 0.83 | |
| TGC-0052 | 27.3 | 28.8 | 1.5 | 0.77 | |
| TGC-0052 | 34.5 | 34.8 | 0.3 | 0.67 | |
| TGC-0052 | 40.2 | 40.5 | 0.3 | 78.03 | |
| TGC-0052 | 50.1 | 50.4 | 0.3 | 1.62 |
Table 5. Collar coordinates and dates of completion for grade control drillholes reported in this release. Coordinates are in Fiji map grid.
| Hole ID | Date Completed | Easting | Northing | Elevation | Azimuth | Dip | DEPTH |
| TGC-0037 | 20-Apr-23 | 1876438 | 3920585 | 117 | 82.5 | -0.5 | 55.4 |
| TGC-0038 | 25-Apr-23 | 1876439 | 3920584 | 117 | 95.2 | 0.0 | 50.0 |
| TGC-0039 | 27-Apr-23 | 1876437 | 3920744 | 139 | 294.2 | 8.0 | 120.1 |
| TGC-0040 | 5-Apr-23 | 1876269 | 3920756 | 153 | 92.3 | -13.0 | 92.3 |
| TGC-0041 | 8-Apr-23 | 1876269 | 3920756 | 152 | 92.1 | -24.5 | 101.7 |
| TGC-0042 | 13-Apr-23 | 1876269 | 3920757 | 153 | 90.4 | 0.0 | 155.2 |
| TGC-0043 | 17-Apr-23 | 1876269 | 3920757 | 153 | 87.1 | -13.4 | 95.6 |
| TGC-0044 | 20-Apr-23 | 1876269 | 3920757 | 154 | 81.4 | 20.0 | 86.0 |
| TGC-0045 | 25-Apr-23 | 1876269 | 3920757 | 153 | 76.4 | 5.3 | 122.1 |
| TGC-0046 | 28-Apr-23 | 1876439 | 3920584 | 118 | 95.4 | 13.6 | 61.7 |
| TGC-0047 | 2-May-23 | 1876269 | 3920757 | 154 | 72.4 | 15.4 | 170.7 |
| TGC-0048 | 8-May-23 | 1876437 | 3920744 | 139 | 296.2 | 2.0 | 42.4 |
| TGC-0049 | 4-May-23 | 1876438 | 3920586 | 117 | 66.6 | 0.5 | 89.5 |
| TGC-0050 | 5-May-23 | 1876438 | 3920586 | 118 | 66.5 | 14.2 | 56.5 |
| TGC-0051 | 10-May-23 | 1876269 | 3920757 | 152 | 87.2 | -26.6 | 125.6 |
| TGC-0052 | 8-May-23 | 1876439 | 3920583 | 118 | 121.1 | 20.4 | 61.2 |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/169899