SAN FRANCISCO, March 07, 2019 (GLOBE NEWSWIRE) -- As Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX), moves forward with getting its low-cost, fully permitted Fiji gold mine into production, Dr. Quinton Hennigh joins the team as an advisor.
Company mentioned: Lion One Metals Ltd.
Lion One Metals in 2011 acquired the high-grade Tuvatu gold mining project, located less than 20 kilometers from Fiji's major airport, Nadi, on the main island of Viti Levu.
Tuvatu's previous owners advanced it to a feasibility study in 2000, and the project has seen more than 110,000 meters of drilling to date, along with 1,600 meters of underground development. Last year the company reported that surface sampling from the Jomaki prospect of Tuvatu returned the high-grade result of 502 g/t gold over 0.70 meters. Less than 10% of its leased land has been explored.
Dr. Quinton Hennigh's appointment as technical advisor highlights the potential of the project. Hennigh is an "internationally renowned economic geologist, with over 25 years of exploration experience and expertise with major gold mining companies such as Homestake Mining Company, Newcrest Mining, and Newmont Mining where he last served as senior research geologist in 2007."
Lion One noted that Hennigh has since "made a number of significant gold discoveries for Canadian exploration companies." He is the chairman and president of Novo Resources Corp., which is exploring for gold in Australia.
"After completing my site visit and technical review I believe that Tuvatu has similarities not only to Vatukoula and other large alkaline systems in the South Pacific, but also to several multi-million ounce alkaline gold systems I'm familiar with in North America. Given that only a very small volume of the overall system has been explored, I see excellent potential for growth at Tuvatu," said Hennigh.
Continue reading this article: Fiji Gold Mine Attracts 'Internationally Renowned Economic Geologist'
About Streetwise Reports
Streetwise Reports shares investment ideas in many sectors. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Lion One Metals. Click here for important disclosures about sponsor fees.
The full disclosure is provided at the article's end: Fiji Gold Mine Attracts 'Internationally Renowned Economic Geologist'
For more information, please contact Carmen Guzman, Cguzman@streetwisereports.com.