Lion One: Discovers Tuvatu Style Lodes at Banana Creek; Accelerates Drilling
North Vancouver, British Columbia–(Newsfile Corp. – July 20, 2020) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce discovery of Tuvatu style lodes at Banana Creek, approximately 3 km northeast of the Tuvatu resource. Banana Creek is a new, high-priority greenfields target situated within Lion One’s recently granted Navilawa tenement, part of its 100% controlled Tuvatu alkaline gold project, Fiji. Drill rig #1 recently completed two diamond drill holes at Tuvatu West and has now resumed deep drilling under the main Tuvatu lode system. Rig #2 has initiated drilling new targets within the Navilawa license area.
CLICK HERE to read the full news release from Lion One Metals (LIO.V)
So how does this news change things? It appears form the map that Bananna Creek is at the furthest extention of the property so is this proof that the entire area is gold bearing? why did they choose the furthest target to drill?
They didn’t drill Banana yet, all they did is grabbed rock samples.