LION ONE INTERSECTS NARROW “HIGH GRADE FEEDERS”

Lion One Ltd who is listed on The ASX and the TSX and on OTCQX announced that a second diamond core holes results, have supprted the previous diamond core hole TUDDH500, that also intersected high grade feeder system high grade mineralisation.

Although relatively deep at between 558 and 583 metres depth the hole did intersected quite substantial intersections of high grade Gold ore. With the Gold price, being so high, (hovering around $US2,000 an ounce, the width of Gold orebodies, is fast becoming far more less important than it used to be, not too many moons ago.

Intersections and grades in this latest hole, ranged from 35.28g/t Au to 1,310 g/t Au, over widths ranging from 0.3 of a metre to 2m in angle width. The Company is hoping to drill to a depth of 1,000 metres and are expecting that these high grade systems converge into the main Tuvatu Lode, which is expected to be reached between the depths of 650-900m.

The prominent feature in the characteristics is typical of feeder system style mineralisation in alkaline Gold systems. Predominant vein minerals, include a combination of quartz, potassium-rich hydrothermal feldspar and carobonate minerals, the company said in the announcement.

The Prospect Tuvatu is located on the island of Viti Levu in the South Pacific island nation of Fiji. So far the resource estimation is 1,120,000 tonnes @ 8.17g/t Au and an inferred tonnage of 1,300,000 tonnes @ 10.60g/t Au.

Goldman

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