Lion One Metals Ltd (LOMLF)

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Lion One Intersects 71.41 g/t Gold over 8.41 Meters at Tuvatu


Drilling, Dewatering, and Development Commences at Tuvatu Gold Project in Fiji





NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 23, 2016) - Lion One Metals Limited (TSX VENTURE:LIO) (ASX:LLO) (OTCQX:LOMLF) (FRANKFURT:LY1) (the "Company") is pleased to announce that drilling, dewatering, and development has begun at the Company's 100% owned and fully permitted Tuvatu Gold Project located on the island of Viti Levu in Fiji.

Initial drilling results include 71.41 g/t Au over 8.41 meters from infill drill hole TUDDH 406, including 126.67 g/t Au over 4.56 meters, drilled from surface to a vertical depth of 92 meters.

Lion One has commenced ongoing drilling of infill and extensional targets of the Tuvatu gold deposit, with one surface drill rig currently operating, and one underground drill rig onsite and ready to be mobilized as the dewatering of the Tuvatu decline progresses.

"These initial infill drilling results further confirm the high grades and continuity of near surface mineralization at Tuvatu", said Stephen Mann, Lion One's Managing Director. "Our objective with our ongoing drilling programs is to extend and increase confidence in the resource ahead of mine development at Tuvatu."

http://www.marketwired.com/press-release/-2178109.htm