Core Insights - Lion One Metals Limited reported significant high-grade gold results from 1,757.8 meters of near-mine expansion drilling at its Tuvatu Alkaline Gold Project in Fiji, focusing on the SKL lodes in Zone 5 [1][2] - The company appointed Ian Berzins as the new CEO, succeeding Walter Berukoff, who transitions to Chairman and President [1][10] Drilling Results - Drilling at the SKL lodes intersected high-grade mineralized structures in 10 drill holes, with notable assays including 502.50 g/t, 118.20 g/t, 85.50 g/t, and 76.50 g/t gold over narrow widths [2][6] - All high-grade results were found within 75 meters of underground developments and within 110 meters of the surface, indicating strong potential for inclusion in the long-term mine plan [2][9] - Historical test mining occurred in the 1990s, but modern drilling has been limited despite the proximity to existing underground workings [2][8] Management Transition - Walter Berukoff, the founder and former CEO, will remain involved as Chairman and President, focusing on supporting the growth of Tuvatu and exploring additional assets [10][11] - Ian Berzins brings over 40 years of mining experience, having previously led significant operational ramp-ups in Canadian gold mining operations [13][14] Company Overview - Lion One Metals is an emerging Canadian gold producer with operations at the Tuvatu Alkaline Gold Project, which includes a high-grade gold deposit and extensive exploration licenses covering the Navilawa Caldera [21]
Lion One Drills 85.54 g/t Gold over 3.0 m from Surface at Tuvatu, Announces New CEO