hydrogen, the most plentiful element in the universe
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LionOneMetals announces Leases fully executed.
Lion One Announces Grant of Mining Lease Approved for High Grade Tuvatu Gold Project in Fiji
BY Market Wire
— 3:01 AM ET 03/23/2015
NORTH VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/23/15 -- Lion One Metals Limited ( LOMLF
Loading... Loading...
) (the "Company") announces today that Fiji's Minister of Lands and Mineral Resources has approved the grant of a Special Mining Lease (SML) for the Company's wholly owned Tuvatu Gold Project located on the island of Viti Levu.
The SML provides exclusive rights for the potential development, construction, and operation of mining, processing, and waste management infrastructure at Tuvatu and the surrounding lease area. The grant represents the final step in permitting process under Fiji's Mining Act. The Company filed its Mining Lease application in 2013 and has been notified by Mineral Resources Director Malaki Finau that all of the requirements for the Mining Lease have been satisfied and the grant has been approved.
The Mining Lease area covers 373 hectares and contains all of the current NI 43-101 resource and multiple high grade prospects in the Navilawa goldfield, one of Fiji's major volcanic intrusive complexes. Tuvatu's indicated resource comprises 1.1 million tonnes averaging 8.46 g/t gold for 299,500 ounces, with an additional inferred resource of 1.5 million tonnes averaging 9.7 g/t gold for 468,000 ounces, at a cut-off grade of 3.0 g/t Au. The Tuvatu camp is located 16 km by road from the Lion One Fiji head office adjacent to the International Airport in Nadi, and 35 km from the Port of Lautoka.
Tuvatu is a high grade, intrusive-related vein deposit with over 87,000 m of drilling and 1,600 m of underground development completed by a previous operator for an historic feasibility study in the year 2000 for a proposed underground mining operation. Mineralization comprises a series of epithermal veins hosted in north-south and east-west corridors traced over strike lengths of 600 m and 500 m, respectively, with a vertical extent of 540 m. These structures remain open for expansion at depth and along strike. Lion One has confirmed and validated an extensive historic resource database and completed an additional 14,000 m of diamond drilling and resource estimation for the project.
"This is a very significant milestone for Lion One and we thank the Government of Fiji for their support in approving the grant of SML 62 for Tuvatu" said Lion One Chairman and CEO Walter Berukoff, "We are now permitted to enter the next phase of development focused on our goal of bringing Tuvatu into production and becoming Fiji's next high grade gold mining operation."
For more information on Lion One including technical reports please visit the Company's website at www.liononemetals.com or the SEDAR website at www.sedar.com.
Qualified Person
Robert McLeod, P.Geo, Consultant and Qualified Person as defined by NI 43-101 has reviewed and approved the technical content of this release. Albert Siega, P Eng., and Qualified Person as defined by NI 43-101 has reviewed and approved the technical content of this release. Mr. Siega is a mining engineer and full time employee of Lion One Metals ( LOMLF
Loading... Loading...
).
Figure 1: Tuvatu Project Location: Western Viti Levu, Fiji is available at the following address: http://media3.marketwire.com/docs/150323_LIO_Figure1.pdf
Table 1: Tuvatu Resource Summary
Cut-off Indicated Resource
g/t tonnes g/t ounces
1.0 1,943,000 5.61 350,300
2.0 1,435,000 7.07 326,200
3.0 1,101,000 8.46 299,500
5.0 683,000 11.25 247,000
Cut-off Inferred Resource
g/t tonnes g/t ounces
1.0 3,022,000 5.8 561,000
2.0 2,156,000 7.5 520,000
3.0 1,506,000 9.7 468,000
5.0 872,000 13.9 390,000
Excerpt from "Independent Technical Report and Resource Estimate on the Tuvatu Gold Deposit"
Dated May 6, 2014 and prepared by Mining Associates Limited
The resource estimates reported by the Company were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
Competent Person Statement
The information in this report that relates to the Exploration Results, Mineral Resources or Ore Reserves is based upon, and fairly represents, information and supporting documentation compiled by Mr. Stephen Mann, who is a full time employee of the Company and is a member of The Australasian Institute of Mining and Metallurgy. Mr. Mann has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and the activity in which he is undertaking to qualify as a Competent Person under 2012 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr. Mann consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. The Company confirms that it is not aware of any new information or data that materially affects the information included in the news releases referred to above, and confirms that the form and context in which the findings are presented have not been materially modified from the original news releases.
On behalf of Lion One Metals Limited ( LOMLF
Loading... Loading...
)
Walter H. Berukoff, Chief Executive Officer
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 "forward-looking information" 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 ( LOMLF
Loading... Loading...
) current beliefs and is based on information currently available to Lion One Metals Limited ( LOMLF
Loading... Loading...
) and on assumptions Lion One Metals Limited ( LOMLF
Loading... Loading...
) 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 ( LOMLF
Loading... Loading...
) 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 early stage development of Lion One Metals Limited ( LOMLF
Loading... Loading...
), 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 labor or loss of key individuals. Although Lion One Metals Limited ( LOMLF
Loading... Loading...
) 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 ( LOMLF
Loading... Loading...
) does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Lion One Metals Limited ( LOMLF
Loading... Loading...
)
Stephen Mann
Managing Director (Perth, Western Australia)
61-417182312
Lion One Metals Limited ( LOMLF
Loading... Loading...
)
Hamish Greig
VP, Director (North Vancouver, BC)
604-973-3008
Lion One Metals Limited ( LOMLF
Loading... Loading...
)
Joe Gray
Investor Relations (North Vancouver, BC)
604-973-3004
Toll Free IR Line (North America) Tel: 1-855-805-1250
info@liononemetals.com
More LOMLF News
Lion One Announces Grant of Mining Lease Approved for High Grade Tuvatu Gold Project in Fiji
Marketwire Canada Press Releases - 3:01 AM ET 03/23/2015
IIROC Trading Halt - LIO
Canada NewsWire - 8:03 AM ET 03/19/2015
Lion Energy Announces Spudding of Lofin-2 Appraisal Well
Company Newsbites - 12:01 AM ET 11/06/2014
Fiji is delighted to oblige LionOneMetals to begin mining for gold!
Lion One Metals... a huge bargain at .1466.
http://www.fijitimes.com/story.aspx?id=298684
Leases about to be issued!!!!
Final permit to proceed imminent!!!!
http://www.fijitimes.com/story.aspx?id=298684
To paraphrase a Supreme Court Justice,
A scam is like pornography, hard to define, but you know one when you see it.
I've bought into scams before. This company is not a scam.
It may ultimately be a failure, but it's not a scam. Period.
WTF?
Why change it back?
I don't think Hypi has any ulterior motive premium.
That post was from the heart. Besides, there are plenty of cheap shares for everybody, he doesn't need yours.
I have been burned at this level big time myself and tend to agree a downward spiral is darn hard to get out of.
The level to the drain is drawing near and this company better pull up the reigns pretty darn hard and quick or it is curtains.
Still holding a small position of about 10K, dumped the other 10k at .07 last week. Losing faith.
Just hate when we start accusing each other of being "shorters" and such.
This is the compay that stinks, not so much the shareholders.
Hope things tun around, but it doesn't look good to me anymore.
That was a nice presentation on youtube Uncle Dave.
Thanks for posting it. I like the full disclosure at the end that they get 500,000 share for 6 months of marketing.
IF Dahl would sit on his hands a bit, he might be ready for CNBC.
Go Zivo!!!!
Somebody bailed.
I guess the jig is up...........again!
Could we please get a legitimate company to buy this shell people?
Is it so difficult to open a real business?
I remember Weisback too.
He was sick, real sick in the end. I really thought maybe he died.
Didn't like him much anyway, always picking a fight, loudmouth too.
Whatever was about to happen...
never did. Dead as a door nail again. Same chit, different day.
2015 will be a great year for Lion One Metals
2016 will be fantastic if all goes according to plan.
http://www.liononemetals.com/i/pdf/Presentation.pdf
Fact Sheet Tuvatu Mines
http://www.liononemetals.com/i/pdf/FactSheet.pdf
Such is the nature of penny stocks Cyber...
you don't know that going in?
good question bayfieldinvestor,
only when you attempt to make a bad analogy.
Anyone who trades pennies knows the real market has nothing to do with it.
Slow and steady.
I hope when they hit that vein they have a good PR company to get the news out. Sure isn't any audience here.
I believe they said results would be in the Fall.
Autumn began yesterday. They are not late.
End of quarter update would be nice though.
I won't argue with that.
Most times past is prologue.
Penny stocks usually fail. But when they don't, it's so much fun.
I really believe this one has one last fight in it to succeed.
I know...
been watching this dog for years, may bark soon.
Depends of conclusive test results out soon.
It is setting up nicely to have a
productive 4th quarter. New recruits, test results due out soon.
Maybe they can make a deal with one of the big boys yet.
No reason to trash this company just now, progress is being made.
HE'S TOAST!!
I realize that Cuda.
But he is now convicted of stock fraud and not allowed to own penny stocks or trade them.
How is he going to get an attorney opinion letter? Especially when the transaction for those Xynh shares have been contested in court?
Not happening.
Restricted stock Certificate
In this case, the certs became all but inert compost.
Useless.
6
and course of business alleged herein.
DEFENDANTS
13.
Michael
A. Affa, 34, resides in Toms River, New Jersey. Michael Affa is
Andrew Affa’s cousin
.
14.
Andrew J. Affa, 30, resides in Huntington Station, New York.
Andrew Affa is
Michael Affa’s cousin
.
15.
Mitchell H. Brown, 49
, resides in Long Branch, New Jersey.
16.
Christopher R. Putnam, 37, resides in Charleston, South Carolina.
17.
Christop
her G. Nix, 34, resides in Charles
ton, South Carolina.
THE SCHEME TO MANIPULATE
THE PRICE AND TRADING OF
AND TO PUMP AND DUMP AMOGEAR STOCK
18.
Beginning
or before August 2012
,
and continuing to
at least February 2014,
defendants Mike Affa, Andrew Affa,
Brown, Putnam, and Ni
x planned and participated in
a
scheme to manipulate the stock price and trading of, and to pump and dump, the publicly traded
stock of Amogear. Amogear was a shell company that had been acquired and controlled
by the
CI, who subsequently acted
in an undercover capacity
in concert
wit
h special agents of the
FBI.
In August 2012
the CI held in his office the physical stock certificate for 40,000,000 restricted
shares of Amogear stock.
Because the 40,000,000 shares of stock were restricted they could not
readily be bought and sold.
The
stock certificate
for the shares
had been issued in the name of an
associate of the CI, but
had been
del
ivered to the CI's office by a
tra
nsfer agent pursuant to the
associate’s
instruction
s
. The CI also held a convertible promissory note
through a compan
y he
owned and
con
trolled
which was converted into 17,000,000 purportedly unrestricted shares
of
Amogear stock
between March 19, 2012 and October 29, 2013.
Unrestricted shares of stock
were able to be bought by and sold to investors in the marketplace
Says right here in the complaint: they gotta give it all back. I would imagine he wouldn't try claiming that the 2 year old Xynergy deal was legit. (BTW) it wasn't. This is a dead issue to the new buyers of XYNH, nothing to worry about.
5
manipulative pump and dump scheme
that had been
planned and
was
in the process of
being
implemented by the defendants.
9.
Based on this conduct
, the Commission seeks the following relief against the
Defendants: (i) entry of pe
rmanent injunctions prohibiting all Defendants from engaging in
future violations of
Section 10(b) of the Exchange Act, 15
U.S.C. § 78j(b), and Rule 10b
-
5, 17
C.F.R. § 240.10b
-
5, and Section 17(a)
of the Securities Act
of 1933 (“Securities Act”)
, 15
U.S.C
. § 77q(a)
; (ii) an order requiring all Defendants to disgorge their ill
-
gotten gains and pay
pre
-
judgment interest; (iii) an order requiring all Defendants to pay appropriate civil monetary
penalties; and, (iv) an order barring all defendants from partici
pating in any offering of penny
stock, pursuant to Section 21(d) of the Exchange Act, 15 U.S.C. § 78u(d).
OK,
That makes more sense, I still don't think his shares will be negotiable.
Does it help Mitch that he was indicted for financial fraud.
http://www.sec.gov/litigation/complaints/2014/comp-pr2014-135.pdf
So this is relatively good news.
I understand they have the resources and a revenue stream from other projects to fund this.
Looks like we have a bit more waiting to do with the 60 day analysis to be completed.
Price spikes down on this news, could be a good time to buy, if they let you at .309
This one is a back burner. Maybe 2015 is their year.
So if was payable to Mitch Brown:
then that's what he got in lieu of the shares.
The transaction was challenged, that is why Ley posted the bond.
He did not want to complete the deal with him.
Bouttime is right about the opinion letter, he may never get one.
He has a worthless stock cert and the right to keep the bond money if the judge released it for damages.
If my interpretation is correct, its like when you break a real estate deal and the seller gets to keep the deposit for his troubles..
BTW
I needed a lawyers opinion letter to legitimize my shares from Xynergy and it wasn't easy. Took over 3 months of tortuous convincing. But I did get it.
I agree bouttime,
He may hold the cert, but the agreement was disputed before the ink was dry.
I think its a dead deal. To make matters worse, Mitch Brown got indicted for fraudulent transactions too.
Maybe he is taking the anti money laundering course as we speak!
Yeah, we saw that one.
This is from 2010 when they were scamming another company, not Xynergy.
Then they took the anti-money laundering course!!
I guess it worked. 4 years later, still no indictments, hip hip horray!! Florida must have great course instructors!!
You mean Mitchel Brown?
He may hold the shares, that does not make him the owner of the company.
I never heard who won that battle, did you?
Technically this is old news:
The new guys who just bought the shell have to separate themselves from the past.
Like buying a house that was the site of a murder, or a haunting...
...be it stupid or brave, at least we have a new group willing to make a go if it.
Nobody on the present list of owners were on the indictment list.
So the benefit of the doubt is with them, let's hope they are legit and know how to overcome the transgressions of others who came before.
A good start would be a PR and some up front disclosure of intentions.
I remember all too well myself.
When this new group finishes filing, I hope they have
a legitimate business to run. Whatever it may be.
So the paper work is not done yet.
They have not finished the job.
Transferring all that info to become a new company from an existing shell is why we have corporate lawyers. It's a major PIA to do.
This could easily sit another month before they get the ducks lined up.
Don't see the new ticker letters in there.
Resurgent Inc.
Resurrect my money!!
Interesting concept:
Do the marketing, share the profits.
I wonder how they structure the payouts.
https://www.linkedin.com/company/intelligent-holdings-inc-
funny:
Don't mind Cuda, it's his nature to question everything and believe nothing until proven.
It's obvious to me we have a pre launch going on and I'm sure the principals in charge are going to time their coming out party to maximize impact.
I just pray they are legit and know what they are doing!!!
The soccer gig is apparently a no go.
Whatever happened we will find out when the new guys come out of the wood work.
Awaiting company guidance.
A shareholder update due this month.
Correct,
ancient history. This is a whole new ball game.
funny
they did a r/s about 5 years ago, it was huge too.
about 176 to one. Creamed my position.