Lion One Reports High-Grade Gold Results at Tuvatu

Grade Control Drilling in URW1 and Zone 5 Areas Returns Grades over 100 g/t Au

North Vancouver, British Columbia--(Newsfile Corp. - June 14, 2023) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) ("Lion One" or the "Company") is pleased to report significant high-grade gold results from ongoing grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji.

Assay results are presented here for grade control drilling completed on both the URW1 lode system as well as the Zone 5 area of the deposit, which encompasses the upper portion of lodes UR1, UR2, UR3, UR4, URW2, URW3, URW1A, and UR2A (Figure 1). As reported on May 18, 2023, initial mining of the URW1 lode system has already commenced and grade control drilling is being completed in advance of mining. The Zone 5 area of the deposit is scheduled for mining in early 2024 and thus the grade control drilling in this area is being conducted in anticipation of future mining, as well as to increase the knowledge of the deposit in that area. Additional high-grade intersections peripheral to both the URW1 and the Zone 5 areas are also included in this release as part of the grade control program.

Highlights of new grade control drilling:

• 7.14 g/t Au over 21.6 m (including 18.61 g/t Au over 5.1 m) (TGC-0042, from 73.6 m depth)
• 52.05 g/t Au over 2.1 m (including 345.3 g/t Au over 0.3m) (TGC-0042, from 118.0 m depth)
• 23.11 g/t Au over 3.6 m (including 125.31 g/t Au over 0.3 m) (TGC-0040, from 65.4 m depth)
• 19.43 g/t Au over 3.3 m (including 80.87 g/t Au over 0.6 m) (TGC-0051, from 49.5 m depth)
• 21.15 g/t Au over 2.7 m (including 67.59 g/t Au over 0.6 m) (TGC-0047, from 123.3 m depth)
• 9.39 g/t Au over 4.2 m (including 67.30 g/t Au over 0.3 m) (TGC-0050, from 26.7 m depth)
• 10.13 g/t Au over 3.9 m (including 38.58 g/t Au over 0.6 m) (TGC-0043, from 66.3 m depth)
• 33.99 g/t Au over 0.9 m (including 100.89 g/t Au over 0.3 m) (TGC-0045, from 62.1 m depth)
• 78.03 g/t Au over 0.3 m (TGC-0052, from 40.2 m depth)

Grade control drilling is being conducted on 5-10 m centers and is designed to provide a much higher resolution of the lode arrays than compared to infill drilling, which is being conducted on approximately 20 m centers. This increased resolution provides a much better understanding of the geometry and mineralization of the lodes and helps to optimize mine development and extraction. The grade control drilling program is currently on schedule and the results to date confirm the local understanding of the URW1 and Zone 5 geological models.

Figure 1. Plan View of the Main Tuvatu Deposit with Reported Grade Control Drilling. Plan view image illustrating the location of the most recent grade control drillholes in relation to the Tuvatu lode system. Grade control holes are shown in black, currently modelled mineralized lodes are shown in light grey, the main decline is shown in red, and the historical exploration decline in blue. Previous grade control, infill and exploration drillholes are not shown.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/169899_3d3cc54d143c3b7b_001full.jpg

URW1 Grade Control Drilling
The URW1 lode system consists of narrow, high-grade to locally bonanza-grade vein arrays and vein swarms that strike approximately N-S and dip sub-vertically to steeply east. Current modelling suggests that there are multiple separate lodes within the URW1 lode system. The first two of these lodes, URW1a and URW1b, are currently being mined. The URW1 lode system has a current strike length of approximately 300 m in the N-S direction, and a vertical extent of approximately 300 m.

A total of 52 grade control holes have been completed to date in the grade control drill program. Results from the first 36 drillholes (TGC-0001 to TGC-0036) were reported on April 25, 2023, and the next 16 drillholes (TGC-0037 to TGC-0052) are reported here. Ten of the most recent grade control drillholes targeted the URW1 area. Figure 2 shows the location of the most recent drillholes in relation to the URW1a and URW1b lodes, as well as to the main Tuvatu decline. Grade control drilling on the URW1 lode system has been conducted from underground from both the main decline and the historical exploration decline, and has been designed to target an 80 m strike section within the overall 300 m strike length of the URW1 system.

Figure 2. Plan View of URW1 Lode System. Plan view image illustrating the location of the most recent grade control holes in relation to the URW1 lode system. The URW1 lode system consists of multiple separate lodes, two of which are highlighted here; URW1a in purple and URW1b in green. The remaining URW1 lodes are shown in brown. The main decline is shown in red, the historical exploration decline in blue, and the grade control drillholes in black.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/169899_3d3cc54d143c3b7b_002full.jpg

Figure 3. Long Section View of URW1 Lode System. Long section view showing recent high-grade drill intercepts of URW1 with URW1a highlighted in pink and URW1b highlighted in green. All other URW1 lodes are shown in brown. Composite intervals with grades between 3 and 10 g/t Au are shown in yellow, intervals with grades over 10 g/t Au are shown in red. Image is looking north.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/169899_3d3cc54d143c3b7b_003full.jpg

Figure 4. Example URW1 Drill Core. LEFT: TGC-0040 at 67.3 m depth. Monzonite-hosted stockwork-style veining with a narrow high-grade silica vein containing coarse grained visible gold. RIGHT: TGC-0042 at 91.60 m depth. Vuggy silica vein with narrow bleached alteration halo in monzonite. Width of core is 4.76 cm in each photo.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/169899_liononefigure4.jpg

Zone 5 Grade Control Drilling
The Zone 5 area of the Tuvatu deposit consists of the upper portion of a series of closely spaced lode systems. The lode systems targeted by the most recent grade control drilling in Zone 5 are the UR1, UR2, and URW3 lodes. These three lodes are located just east of the historical exploration decline, strike approximately N-S, and dip sub-vertically to steeply east, similar to the URW1 lodes. As currently modelled, the UR1, UR2, and URW3 lodes have vertical extents ranging from approximately 700 m to approximately 900 m, and strike lengths ranging from 300 m to 600 m. All three of the lodes are open both along strike and at depth.

A total of six Zone 5 grade control drillholes are included in this report. These are the first six grade control drillholes to target the Zone 5 area and they follow upon the initial results from an ongoing infill drill program in the area. Figure 5 shows the location of these drillholes in relation to the UR1, UR2, and URW3 lodes, as well as to the historical exploration decline. Grade control drilling in the Zone 5 area has been conducted from the historical exploration decline and has been designed to target a 60 m strike section within the overall 300 m to 600 m strike length of these lodes.

Figure 5. Zone 5 Grade Control Drilling in Relation to Targeted Zone 5 Lodes. Image shows the Zone 5 grade control holes in relation to the targeted UR1, UR2, and URW3 lodes. These lodes are slightly concave with URW3 on the inside (left side on image), closest to the exploration decline, and UR1 on the outside. UR1 is shown in pink, UR2 in green, and URW3 in blue. The historical exploration decline is shown in bright blue, and the grade control drillholes are partially visible in black within the circle.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/169899_3d3cc54d143c3b7b_007full.jpg

Figure 6. Zone 5 Grade Control Intercepts. Section view facing north, showing a 60 m slice of lodes UR1, UR2, and URW3 within Zone 5. Composite intervals with grades between 3 and 10 g/t Au are shown in yellow, while intervals with grades over 10 g/t Au are shown in red and purple.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/169899_3d3cc54d143c3b7b_008full.jpg

Figure 7. Examples of Zone 5 Drill Core. LEFT: UR2 lode in TGC-0049 at 35.15 m depth. Coarse grained honey sphalerite and pyrite in variable light to dark grey quartz vein with narrow potassic alteration halo. RIGHT: URW3 lode in TGC-0050 at 29.6 m depth. Abundant coarse honey sphalerite rimmed by fine grained sooty pyrite +/- galena and narrow potassic alteration halo, within a larger zone of stockwork style mineralization. Width of core is 4.76 cm in each photo.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/169899_liononefigure7.jpg

Table 1. Highlights of composited drill results in the URW1 area. Only new grade control drilling results are included here. For previous results see news release from April 25, 2023. For full results see Table 3 in the appendix.

Hole ID		From	To	Interval (m)	Au (g/t)
TGC-0039		77.4	78.3	0.9	8.37
TGC-0039		101.7	102.9	1.2	7.18
	including	102.3	102.6	0.3	15.64
TGC-0040		30.3	31.5	1.2	4.7
TGC-0040		51.3	53.1	1.8	12.63
	including	51.9	52.5	0.6	27.05
TGC-0040		65.4	69	3.6	23.1
	including	66	66.3	0.3	85.87
	and	67.2	67.5	0.3	125.31
	and	68.4	68.7	0.3	13.93
	and	68.7	69	0.3	46.89
TGC-0040		82.5	82.8	0.3	64.65
TGC-0041		16.8	19.8	3	1.52
TGC-0042		47.4	51	3.6	3.96
	including	50.7	51	0.3	31.99
TGC-0042		52.8	54.6	1.8	11.82
	including	53.7	54	0.3	64.24
TGC-0042		60	63	3	5.52
	including	61.8	63	1.2	11.1
TGC-0042		64.5	66.6	2.1	7.19
	including	64.5	65.1	0.6	17.34
TGC-0042		68.5	72.4	3.9	4.46
	including	68.5	69.7	1.2	8.25
TGC-0042		73.6	95.2	21.6	7.14
	including	76.3	78.1	1.8	7.47
	and	82	92.5	10.5	12.06
	which includes	83.2	83.5	0.3	19.99
	and	85.9	86.2	0.3	11.88
	and	88.6	88.9	0.3	19.92
	and	89.5	90.1	0.6	15.26
	and	90.4	91.9	1.5	42.05
	which includes	90.4	91	0.6	19.98
	and	91	91.3	0.3	24.93
	and	91.3	91.9	0.6	72.68
TGC-0042		118	120.1	2.1	52.05
	including	118.6	119.2	0.6	177.66
	which includes	118.9	119.2	0.3	345.34
TGC-0043		33.3	34.5	1.2	5.72
	including	33.3	33.6	0.3	9.15
TGC-0043		66.3	70.2	3.9	10.13
	including	66.3	68.1	1.8	19.74
	which includes	66.3	66.9	0.6	38.58
	and	66.9	67.5	0.6	12.69
TGC-0044		36.6	39	2.4	8.87
	including	36.6	37.5	0.9	16.81
TGC-0045		62.1	63	0.9	33.99
	including	62.7	63	0.3	100.89
TGC-0045		75	75.6	0.6	5.94
	including	75	75.3	0.3	9.3
TGC-0047		100.5	101.4	0.9	23.16
TGC-0047		100.5	100.8	0.3	59.63
TGC-0047		102.6	107.7	5.1	1.54
TGC-0047		123.3	126	2.7	21.14
	including	124.5	126	1.5	37.08
	which includes	124.5	124.8	0.3	45.88
	and	124.8	125.4	0.6	67.59
TGC-0051		16.2	19.2	3	10.15
	including	16.8	17.4	0.6	19.15
	and	18	18.6	0.6	16.29
	and	18.6	19.2	0.6	9.57
TGC-0051		49.5	52.8	3.3	19.43
	including	49.5	50.1	0.6	8.35
	and	50.1	50.7	0.6	80.87
	and	51.9	52.8	0.9	8.69

 

Table 2. Highlights of composited drill results in the Zone 5 area. For full results see Table 4 in the appendix.

Hole ID		From	To	Interval (m)	Au (g/t)
TGC-0049		29.4	35.1	5.7	4.07
	including	30	32.1	2.1	9.15
	which includes	30.3	30.9	0.6	16.71
	and	31.2	31.8	0.6	8.88
TGC-0049		43.3	45.1	1.8	7.59
	including	43.9	44.5	0.6	16.87
TGC-0050		26.7	30.9	4.2	9.39
	including	27.6	30.6	3	12.78
	which includes	27.9	29.7	1.8	18
	which includes	29.4	29.7	0.3	67.3
TGC-0052		40.2	40.5	0.3	78.03

 

About Tuvatu
The Tuvatu Alkaline Gold Project is located on the island of Viti Levu in Fiji. The January 2018 mineral resource for Tuvatu as disclosed in the technical report "Technical Report and Preliminary Economic Assessment for the Tuvatu Gold Project, Republic of Fiji", dated September 25, 2020, and prepared by Mining Associates Pty Ltd of Brisbane Qld, comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and on the SEDAR website at www.sedar.com.

Qualified Person
In accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), Sergio Cattalani, P.Geo, Senior Vice President Exploration, is the Qualified Person for the Company and has reviewed and is responsible for the technical and scientific content of this news release.

QAQC Procedures
Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in conducting its sampling, drilling, testing, and analyses. The Company utilizes its own fleet of diamond drill rigs, using PQ, HQ and NQ sized drill core rods. Drill core is logged and split by Lion One personnel on site. Samples are delivered to and analyzed at the Company's geochemical and metallurgical laboratory in Fiji. Duplicates of all samples with grades above 0.5 g/t Au are both re-assayed at Lion One's lab and delivered to ALS Global Laboratories in Australia (ALS) for check assay determinations. All samples for all high-grade intercepts are sent to ALS for check assays. All samples are pulverized to 85% passing through 75 microns. Gold analysis is carried out using fire assay with an AA finish. Samples that have returned grades greater than 10.00 g/t Au are then re-analyzed by gravimetric method. For samples that return greater than 0.50 g/t Au, repeat fire assay runs are carried out and repeated until a result is obtained that is within 10% of the original fire assay run. Lion One's laboratory can also assay for a range of 71 other elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite of 9 important pathfinder elements. All duplicate anomalous samples are sent to ALS labs in Townsville QLD and are analyzed by the same methods (Au-AA26, and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61).

About Lion One Metals Limited
Lion One's flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa Caldera, an underexplored yet highly prospective 7km diameter alkaline gold system. Lion One's CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.

On behalf of the Board of Directors of Lion One Metals Limited
"Walter Berukoff", Chairman and CEO

Contact Investor Relations
Toll Free (North America) Tel: 1-855-805-1250
Email: info@liononemetals.com
Website: www.liononemetals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release

This press release may contain statements that may be deemed to be "forward-looking statements" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited's current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Appendix 1: Full Drill Results and Collar Information

Table 3. Composited results from grade control drillholes in the URW1 area (grade >0.5 g/t Au)

Hole ID		From	To	Interval (m)	Au (g/t)
TGC-0039		77.4	78.3	0.9	8.37
TGC-0039		86.1	87	0.9	1.1
TGC-0039		101.7	102.9	1.2	7.18
TGC-0039	including	102.3	102.6	0.3	15.64
TGC-0039		106.5	107.1	0.6	0.99
TGC-0039		112.5	113.1	0.6	1.09
TGC-0039		117.3	117.6	0.3	5.86
TGC-0040		10.8	12.3	1.5	2.05
TGC-0040		30.3	31.5	1.2	4.7
TGC-0040		49.8	50.1	0.3	0.85
TGC-0040		51.3	53.1	1.8	12.63
TGC-0040	including	51.9	52.5	0.6	27.05
TGC-0040		56.1	56.7	0.6	1.44
TGC-0040		65.4	69	3.6	23.1
TGC-0040	including	66	66.3	0.3	85.87
TGC-0040	and	67.2	67.5	0.3	125.31
TGC-0040	and	68.4	68.7	0.3	13.93
TGC-0040	and	68.7	69	0.3	46.89
TGC-0040		82.5	82.8	0.3	64.65
TGC-0040		85.5	87	1.5	2.47
TGC-0040		90.9	91.2	0.3	4.66
TGC-0041		16.8	19.8	3	1.52
TGC-0041		51.9	52.8	0.9	0.82
TGC-0042		24	25.2	1.2	0.92
TGC-0042		39	39.6	0.6	1.94
TGC-0042		47.4	51	3.6	3.96
TGC-0042	including	50.7	51	0.3	31.99
TGC-0042		52.8	54.6	1.8	11.82
TGC-0042	including	53.7	54	0.3	64.24
TGC-0042		56.1	57.3	1.2	2.32
TGC-0042		60	63	3	5.52
TGC-0042	including	61.8	63	1.2	11.1
TGC-0042		64.5	66.6	2.1	7.19
TGC-0042	including	64.5	65.1	0.6	17.34
TGC-0042		68.5	72.4	3.9	4.46
TGC-0042	including	68.5	69.7	1.2	8.25
TGC-0042		73.6	95.2	21.6	7.14
TGC-0042	including	76.3	78.1	1.8	7.47
TGC-0042	and	82	92.5	10.5	12.06
TGC-0042	which includes	83.2	83.5	0.3	19.99
TGC-0042	and	85.9	86.2	0.3	11.88
TGC-0042	and	88.6	88.9	0.3	19.92
TGC-0042	and	89.5	90.1	0.6	15.26
TGC-0042	and	90.4	91.9	1.5	42.05
TGC-0042	which includes	90.4	91	0.6	19.98
TGC-0042	and	91	91.3	0.3	24.93
TGC-0042	and	91.3	91.9	0.6	72.68
TGC-0042		97.6	99.7	2.1	0.96
TGC-0042		110.8	112.3	1.5	2.49
TGC-0042		118	120.1	2.1	52.05
TGC-0042	including	118.6	119.2	0.6	177.66
TGC-0042	which includes	118.9	119.2	0.3	345.34
TGC-0042		122.5	122.8	0.3	0.61
TGC-0042		124	124.6	0.6	2.88
TGC-0043		33.3	34.5	1.2	5.72
TGC-0043	including	33.3	33.6	0.3	9.15
TGC-0043		66.3	70.2	3.9	10.13
TGC-0043	including	66.3	68.1	1.8	19.74
TGC-0043	which includes	66.3	66.9	0.6	38.58
TGC-0043	and	66.9	67.5	0.6	12.69
TGC-0043		84	85.5	1.5	1.02
TGC-0044		1.8	2.7	0.9	2.37
TGC-0044		36.6	39	2.4	8.87
TGC-0044	including	36.6	37.5	0.9	16.81
TGC-0044		40	40.3	0.3	1.19
TGC-0044		47.6	47.9	0.3	0.57
TGC-0044		64.4	65.3	0.9	1.3
TGC-0044		74	74.6	0.6	1.02
TGC-0044		76.1	76.4	0.3	0.94
TGC-0044		80	80.3	0.3	0.66
TGC-0045		3.3	4.5	1.2	1.48
TGC-0045		39.3	39.6	0.3	1.2
TGC-0045		44.1	44.7	0.6	1.78
TGC-0045		57.9	58.8	0.9	2.74
TGC-0045		62.1	63	0.9	33.99
TGC-0045	including	62.7	63	0.3	100.89
TGC-0045		67.8	68.7	0.9	2.47
TGC-0045		75	75.6	0.6	5.94
TGC-0045	including	75	75.3	0.3	9.3
TGC-0045		82.5	83.1	0.6	1.09
TGC-0045		86.1	88.5	2.4	1.33
TGC-0045		93.3	94.2	0.9	2.29
TGC-0045		105.6	105.9	0.3	0.87
TGC-0047		4.8	5.4	0.6	2.55
TGC-0047		41.7	44.4	2.7	1.41
TGC-0047		48.6	49.2	0.6	1.12
TGC-0047		53.1	54	0.9	1.83
TGC-0047		61.5	61.8	0.3	0.67
TGC-0047		69.9	70.2	0.3	2.68
TGC-0047		72.3	73.8	1.5	0.94
TGC-0047		77.7	78.6	0.9	2.71
TGC-0047		81	81.9	0.9	1.44
TGC-0047		84.3	84.9	0.6	0.89
TGC-0047		91.5	91.8	0.3	0.56
TGC-0047		96	96.6	0.6	2.8
TGC-0047		98.4	98.7	0.3	0.61
TGC-0047		100.5	101.4	0.9	23.16
TGC-0047		100.5	100.8	0.3	59.63
TGC-0047		102.6	107.7	5.1	1.54
TGC-0047		110.4	111	0.6	1.08
TGC-0047		113.1	114.9	1.8	0.94
TGC-0047		123.3	126	2.7	21.14
TGC-0047	including	124.5	126	1.5	37.08
TGC-0047	which includes	124.5	124.8	0.3	45.88
TGC-0047	and	124.8	125.4	0.6	67.59
TGC-0047		127.2	128.4	1.2	0.99
TGC-0047		131.7	132.3	0.6	0.54
TGC-0047		134.7	138.3	3.6	1.39
TGC-0047		143.7	144.3	0.6	2.44
TGC-0051		16.2	19.2	3	10.15
TGC-0051	including	16.8	17.4	0.6	19.15
TGC-0051	and	18	18.6	0.6	16.29
TGC-0051	and	18.6	19.2	0.6	9.57
TGC-0051		23.7	24.3	0.6	1.77
TGC-0051		49.5	52.8	3.3	19.43
TGC-0051	including	49.5	50.1	0.6	8.35
TGC-0051	and	50.1	50.7	0.6	80.87
TGC-0051	and	51.9	52.8	0.9	8.69

 

Table 4. Composited results from grade control drillholes in the Zone 5 area (grade >0.5 g/t Au)

Hole ID		From	To	Interval (m)	Au (g/t)
TGC-0037		24.8	27.2	2.4	0.95
TGC-0037		29.6	29.9	0.3	0.57
TGC-0037		30.5	30.8	0.3	0.56
TGC-0038		27.5	27.8	0.3	0.53
TGC-0038		30.5	30.8	0.3	0.61
TGC-0046		21.2	21.5	0.3	3.33
TGC-0049		29.4	35.1	5.7	4.07
TGC-0049	including	30	32.1	2.1	9.15
TGC-0049	which includes	30.3	30.9	0.6	16.71
TGC-0049	and	31.2	31.8	0.6	8.88
TGC-0049		41.5	42.1	0.6	1.77
TGC-0049		43.3	45.1	1.8	7.59
TGC-0049	including	43.9	44.5	0.6	16.87
TGC-0049		47.2	47.8	0.6	0.87
TGC-0050		26.7	30.9	4.2	9.39
TGC-0050	including	27.6	30.6	3	12.78
TGC-0050	which includes	27.9	29.7	1.8	18
TGC-0050	which includes	27.9	28.2	0.3	10.04
TGC-0050	and	28.8	29.1	0.3	12.83
TGC-0050	and	29.4	29.7	0.3	67.3
TGC-0050		34.5	35.7	1.2	0.83
TGC-0052		27.3	28.8	1.5	0.77
TGC-0052		34.5	34.8	0.3	0.67
TGC-0052		40.2	40.5	0.3	78.03
TGC-0052		50.1	50.4	0.3	1.62

 

Table 5. Collar coordinates and dates of completion for grade control drillholes reported in this release. Coordinates are in Fiji map grid.

Hole ID	Date Completed	Easting	Northing	Elevation	Azimuth	Dip	DEPTH
TGC-0037	20-Apr-23	1876438	3920585	117	82.5	-0.5	55.4
TGC-0038	25-Apr-23	1876439	3920584	117	95.2	0.0	50.0
TGC-0039	27-Apr-23	1876437	3920744	139	294.2	8.0	120.1
TGC-0040	5-Apr-23	1876269	3920756	153	92.3	-13.0	92.3
TGC-0041	8-Apr-23	1876269	3920756	152	92.1	-24.5	101.7
TGC-0042	13-Apr-23	1876269	3920757	153	90.4	0.0	155.2
TGC-0043	17-Apr-23	1876269	3920757	153	87.1	-13.4	95.6
TGC-0044	20-Apr-23	1876269	3920757	154	81.4	20.0	86.0
TGC-0045	25-Apr-23	1876269	3920757	153	76.4	5.3	122.1
TGC-0046	28-Apr-23	1876439	3920584	118	95.4	13.6	61.7
TGC-0047	2-May-23	1876269	3920757	154	72.4	15.4	170.7
TGC-0048	8-May-23	1876437	3920744	139	296.2	2.0	42.4
TGC-0049	4-May-23	1876438	3920586	117	66.6	0.5	89.5
TGC-0050	5-May-23	1876438	3920586	118	66.5	14.2	56.5
TGC-0051	10-May-23	1876269	3920757	152	87.2	-26.6	125.6
TGC-0052	8-May-23	1876439	3920583	118	121.1	20.4	61.2

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/169899