Lion One Metals Ltd (LOMLF)

[ctoivo]

January Presentation
http://www.liononemetals.com/assets/docs/presentation-january-2016.pdf

Some very interesting data here that I've been wishing to see for a long time. (I spoke with Joe from IR because I needed clarification on some of it.)

Slide 8 is particularly important. Emperor took sample channels every 2 meters in parts of the decline. The small map in the middle shows the location of the assays in relation to the decline--the top rectangle is for the one on the left. The 3 numbers are samples from the left, top, and middle of the decline tunnel. The diagram on the right (lower part of decline) used a different methodology, but if you enlarge the map you can see the results.
I can see why Emperor felt ready to start mining the 80,000 oz per year that they thought possible (even at $300+ gold price--, lots of high grade over good distance--- and I can see why LION figures they can jump right in and start mining the good stuff since they can drive right down to some of it, right off the bat.

Slide 7 on the left is showing one of the areas where many veins intersect, creating wider intervals of gold up to 9 meters, and the one on the right showing the verticle nature of many of the ore bodies allowing for efficient, less expensive vertical stope mining.

Slide 6 is a nice view of the mine plan-- particularly intriguing are drill holes, ( the blue lines) showing how few and not very deep they are at the bottom of the mine plan. ('Little brother' Vatakoula is mining down to 1300 meters so far) I asked him if he knew where that 12 feet of 9 oz/ton gold was on the maps but he didn't know. I know it was found at the 332 m level. Higher grade down deeper?

Slide 4 on lower right shows areas in red showing over a gram a ton--more than half the (present) mine area that has seen very little exploration, much less other parts of the greater property.

Good work you guys at PR.