LION ONE UNCOVERS EXCEPTIONAL GOLD GRADES AT TUVATU

Drilling Program Reveals Bonanza Gold Results

Lion One Metals (AX:LLO) has reported remarkable high-grade gold intercepts from its infill and grade control drilling at the Tuvatu Alkaline Gold Project in Fiji. The Zone 5 area of Tuvatu showcased multiple bonanza grade results, including a standout 1,986.23 g/t gold over 0.6 meters, suggesting a significant expansion of the current mine plan.

Highlights from the recent drilling include:

  • 198.75 g/t gold over 1.5 m
  • 83.32 g/t gold over 0.9 m
  • 66.67 g/t gold over 2.4 m
  • Multiple other high-grade gold intercepts were found near the surface, indicating the potential for bonanza-grade gold in the near-term mining plan.

Lion One’s Chairman and CEO, Walter Berukoff, expressed excitement about the drilling outcomes: We’re very pleased with the results from our Zone 5 infill and grade control drill program. These incredible results add to the growing list of exceptional drill results returned from Tuvatu and provide strong support for our ongoing mining efforts in Zone 5. We’re excited to expand our near-term mine plan in Zone 5 and look forward to mining these areas in 2024 and 2025.

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Goldman

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