Lion One: to Retest High Grade Feeder With a Wedge Hole; Receives Gravimetric Assays for High Grade Zone
North Vancouver, B.C., August 17, 2020 – Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) is pleased to announce that it has completed diamond drill hole TUDDH500 to a depth of 863.4m and has now commenced drilling a daughter wedge hole beginning at approximately 400m depth to retest the newly discovered high-grade feeder (please refer to a company news release dated July 24, 2020). The Company has also received gravimetric fire assay results for the entirety of the high-grade feeder zone.
- Gravimetric fire assay results from both high-grade intervals encountered between down hole depths of 558.0 and 583.4m display significant increases in grade over initial fire assay-atomic absorption (“AA”) results (please see table below). Gravimetric results include 0m grading 46.70g/t Au starting at 558.0m followed by 12.7m grading 55.43g/t Au starting at 571.0m. The latter interval includes a sub-interval of 4.7m grading 120.16g/t Au with an exceptionally high-grade core of 0.9m grading 582.33g/t Au. Samples from these zones have been shipped to ALS Chemex in Australia for screen metallic assay, the results of which are expected back in a few weeks.
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