Lion One Metals Limited is a Canadian development and exploration company focused on the advancing the high grade Tuvatu Gold Project in Fiji. Tuvatu received the "green light" for development by the Government of Fiji in 2015 with approval of a mining lease, following a 21-year surface lease agreement in 2014 and the approval of the Tuvatu EIA and EMP's by Fiji Department of Environment.Lion One is led by an experienced management team with a track record of success in mineral exploration and mining ventures, and was formed upon the completion of a reverse takeover ("RTO") between X-Tal Minerals Corp. and American Eagle Resources, Inc. on January 31, 2011. Lion One's shares are listed in Canada on the TSX Venture Exchange (TSX-V:LIO), and internationally in Australia (ASX: LLO), USA (OTCQX: LOMLF), and Europe (FSX:LY1).
Governance
Lion One Metals Limited is committed to good corporate governance and implementing a system that ensures that the interests of the Company and its stakeholders are properly aligned. The Company's corporate governance framework clearly outlines the responsibility of the Board and Board committees and is reviewed on a continuing basis to ensure compliance with best practices.
Lion One's tenements on the island of Vanua Levu cover 27,000 hectares of prospective ground in volcanic areas still largely unexplored in the modern era. A thorough exploration survey was carried out on Vanua Levu by Japan International Corporation at the request of the Fiji government in 1995. Portions of that survey focused on the Korotari andesitic complex in the Labasa area, and the caldera of Mount Delaikoro, leading to the establishment of SPL 1467 and 1468. Lion One believes these tenements have the potential to contain epithermal systems similar those on Viti Levu in the known mineralized volcanic centers at Tuvatu, Vatukoula, and Raki Raki.SPL 1467 (Vunimoli) covers 22,000 hectares in the provinces of Macuata and Cakaudrove at the southern edge of the Labasa caldera. The tenement covers an active geothermal area and contains a volcanic-sedimentary sequence intruded by a late-stage intrusion related to the Korotari andesite complex. Gold and copper mineralization in the area related to this multi-stage andesite intrusion and has been observed in andesitic lavas and volcanoclastic rocks, with fault-controlled quartz veins and breccias. A previous geochemical survey covered the Leli's prospect covering a 700m x 200m area identified widespread quartz veins and pyrite. SPL 1468 (Delaikoro) covers 5,489 hectares approximately 20 km from the town of Labasa in the provinces of Macuata and Cakaudrove on the island of Vanua Levu, centered on the volcanic caldera of Mount Delaikoro.
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