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Exploration Co. Finds New Gold Lode at Project in Fiji

Source: Mike Niehuser


December 22, 2022 ( Newswire) The mining firm also discovered another area of high-grade mineralization away from the main deposit, noted a ROTH Capital Partners report.

Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX; LLO:ASX; LY1:FSE) discovered a new gold lode at Tuvatu, and another mineralized zone to the east of it reported ROTH Capital Partners analyst Mike Niehuser in a Dec. 16 research note.

"The combination of discovering distal mineralization, with the reorientation of the north-to-south lodes, may lead to the realization of a larger mineralized gold system open to expansion," Niehuser added.

ROTH has a Buy rating and a CA$2.50 per share target price on Lion One. This implies a significant potential return for investors in the company as its current share price is CA$0.84.

Highly Prospective, Untested Area

Niehuser described the new URA1 gold lode, discovered while the company was constructing the development decline, and provided some early drill results from the area.

The lode was defined through channel sampling, with sample MD-CH-001 returning 9.95 grams per ton (9.95 g/t) gold over 2.5 meters (2.5m), he relayed. URA1 is 75m from the portal entrance, has mineable widths, trends north-northeast to south-southwest, and dips steeply. Given its location, it should provide material to process early on.

"The recognition of the intersection of steeply dipping and shallow angle veins is leading to an improved understanding of mineralization and should assist modeling and resource estimation," Niehuser commented.

Drill holes placed in a fan-like array in URA1 showed the following:


  • 167.42 g/t gold over 0.3m from 140.7m
  • 19.27 g/t gold over 1.2m from 143.4m
  • 2.93 g/t gold over 3.6m from 59.7m downhole
  • 1.76 g/t gold over 2.1m from 56.1m downhole


  • 3.48 g/t gold over 0.3m from 65m downhole


  • 27.9 g/t gold over 1.2m from 159.3m downhole
  • 30.75 g/t gold over 4.8m at 105.3m downhole, where the hole intercepted the Murau 8 lode

"This is important because vein intersections may have high grades," Niehuser wrote.

Possible New Vein Field

Niehuser noted that Lion One discovered the additional zone of high-grade mineralization about several hundred meters east of Tuvatu when following up on a target identified through a CSAMT, or controlled-source audio-frequency magnetotellurics, survey. Hole TUDDH-612, drilled there, for instance, demonstrated 18.53 g/t gold over 0.6m at 491.8m downhole and may represent the strike extension of the UR4 lode.

"This is important because CSAMT appears to be a useful geophysical tool for targeting blind structures," Niehuser wrote. "This may accelerate achieving an enhanced interpretation of mineralization in the caldera and accelerate resource discovery and development."


1) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Lion One Metals Ltd. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures For Roth Capital Partners, Lion One Metals Ltd., December 16, 2022

Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

Disclosures: Shares of Lion One Metals Limited may be subject to the Securities and Exchange Commission's Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months. The material, information and facts discussed in this report other than the information regarding ROTH Capital Partners, LLC and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This report should not be used as a complete analysis of the company, industry or security discussed in the report. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this report are subject to change without notice. An investment in the stock may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, an investment in the stock may involve a high degree of risk and may not be suitable for all investors. No part of this report may be reproduced in any form without the express written permission of ROTH.

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