Fiji Gold – Tuvatu Alkaline Gold Project · Banana Creek. Up to 46 g/t in rock chips. 1,600 x...
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Fiji Gold – Tuvatu Alkaline Gold Project • 100% control of fully permitted Tuvatu gold project in Fiji • Consolidation of surrounding 7km wide Navilawa gold system
Transcript of Fiji Gold – Tuvatu Alkaline Gold Project · Banana Creek. Up to 46 g/t in rock chips. 1,600 x...
Fiji Gold – Tuvatu Alkaline Gold Project
• 100% control of fully permitted Tuvatu gold project in Fiji• Consolidation of surrounding 7km wide Navilawa gold system
Tuvatu Alkaline Gold Project Navilawa Caldera, Fiji
Navilawa Caldera
~1Moz.
7 km diameter
Tuvatu Resource
Lion One is one of the only junior resource companies
in the world controlling a high grade, district-scale
Alkaline Gold System
+25Moz. +40Moz. +11Moz.7 km diameter 7 km diameter 7 km diameter
PorgeraPNG, Barrick
Lihir PNG, Newcrest
VatukoulaFiji, Zhongrun
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Some of the biggest gold deposits in the South Pacific,Porgera, Lihir, and Vatukoula, are alkaline gold systems
Fiji Islands
World Class Gold Deposits in SW Pacific
7 million ounces historic production
Central RidgeUp to 19.9 g/t In rock chips
Current Resource at 3g/t cutoff299,500 oz. Au indicated @ 8.46 g/t Au 468,000 oz. Au inferred @ 9.70 g/t Au
District-Scale Gold Exploration Targets
7km
Hole 160: 1,614g/t Au over 0.5mInside 253g/t Au over 4.2 mAt vertical depth of 325m
1km+
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Golden Ridge1,400 x 400m
Gold soil anomaly
Banana CreekUp to 46 g/t in rock chips1,600 x 400m anomalies
300m vertical surface extent
QalibuaUp to 12 g/tIn rock chips
TuvatuDrilled Area
1997-1998 Feasibility StudyEmperor (Ivanhoe)
Tuvatu Drilling~900koz.Au
600m x 200m area to 350m depth
Ura CreekUp to 101 g/tIn rock chips
Nubunidike Up to 290 g/t In rocks chips
JomakiUp to 502 g/t In rock chips
Hole 160
Radiometric signature reveals high concentrations of potassium-rich alkaline volcanic rocks and ideal setting for a large gold mineralizing system
Banana Creek
TuvatuResource
Navilawa Caldera
3 km
High-grade gold system
associated with intrusive alkaline rocks across 7km wide volcanic caldera;
limited drilling outside permitted mine area
Lodes: UR1-UR4 Channel Sampling Highlights
CHANNEL SAMPLING HIGHLIGHTS
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10-20 g/t Au 20-40 g/t Au 40-100 g/t Au >100 g/t Au
m g/t m g/t m g/t m g/t
2.70 16.23 2.10 33.10 2.40 74.89 3.60 109.19
1.80 17.31 2.52 33.16 3.30 79.47 3.10 116.32
3.45 17.48 3.50 33.21 3.40 79.37 2.95 118.41
2.50 18.06 3.00 35.50 3.00 83.85 2.50 122.65
1.90 18.18 2.70 35.68 3.45 84.83 2.80 203.59
3.25 19.09 3.00 36.04 2.95 92.48 2.35 290.60
Tuvatu Underground
Previous Feasibility WorkConfirmed high grade mineralization near surface with no constraints laterally or at depth
Target Channel ID Sample Type Au (gpt) Strike Dip Channel Azimuth
Banana Creek CH1585 0.85 m channel 19.40 NE 70 degrees SE 102
Banana Creek CH1571 6.00 m channel 3.86 NE 70 degrees SE 39
including 1.00 m channel 10.83Banana Creek CH1574 1.05 m channel 5.00 NE 70 degrees SE 175
Banana Creek CH1575 0.80 m channel 2.58 NE 70 degrees SE 310
Banana Creek CH1460 0.45 m channel 35.30 NE 50 degrees SE 249
Banana Creek CH1461 0.28 m channel 7.68 NE 70 degrees SE 37
Banana Creek TUS011041 Spot rock chip 8.38 not applicable
Biliwi CH1466 0.40 m channel 60.40 N-NE 80 degrees E 288
Biliwi CH1466 0.40 m channel 94.80 N-NE 80 degrees E 288
Biliwi CH1466 0.75 m channel 17.90 N-NE 80 degrees E 288
Biliwi CH1466 4.50 m channel 9.79 N-NE 80 degrees E 288
including 0.45 m channel 83.60
Central Ridge CH1451 1.85 m channel 12.55 NE 60-70 degrees SE 346
Central Ridge CH1452 6.70 m channel 2.67 NE 60-70 degrees SE 180
Goat Hill CH1495 0.68 m channel 3.47 NE 70 degrees SE 102
Kingston CH1716 0.90 m channel 6.26 N-S 80 degrees E 155
Kingston CH1481 0.22 m channel 6.31 N-S 80 degrees E 270
Lobau CH1472 1.00 m channel 3.08 N-NW 79 degrees W 280
Matanavatu CH1473 3.45 m channel 8.03 NE 80 degrees SE 350
including 0.65 m channel 32.30Matanavatu CH1474 0.60 m channel 35.88 NE 80 degrees SE 110
including 0.13 m channel 53.60Matanavatu CH1475 3.9 m channel 2.41 NE 70 degrees SE 285
Qalibua CH1437 0.61 m channel 7.85 NE 70 degrees SE 50
Qalibua CH1440 1.32 m channel 2.24 NE 71 degrees SE 260
Qalibua CH1679 1.30 m channel 2.13 NE 72 degrees SE 190
Yaloku TUS012186 Float rock chip 8.71 not applicable
New BLEG Sampling Reveals a much larger high grade gold surface footprint than resource area alone, with only a small part of the gold-bearing area explored to date.
N S
Tuvatu Resource
Banana Creek
Kingston
Navilawa Caldera
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New geophysical data
CSAMT data reveals robust, deep rooted structural architecture evolving from the caldera subsurface 1,000’s of meters down
subsurface
surface
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Latest Deep Drilling at Tuvatu
Latest drilling confirms high gradedepth extensions 70m below current resource
Closing in on deep feeder structures
TUDDH 494:33.22 g/t gold over 4.29m, inc. 322 g/t Au over 0.31m, Intersected at vertical depth of 536m
