Lion One Metals Ltd (LOMLF)

[ctoivo]

Underground
I spoke with IR last week--Hopefully they're just dotting I's and crossing T's with Ansteel. Experience shows that Investor's need patience with this company.
The decline is more than half dewatered and its looking good down there after 16 years under water.. Nice hard rock.
They were planning on starting undergound infill drilling this week in the Nasivi zone where mining is planned to start according to the PEA Potential Mine Plan..
Here's a listof some of the splendid high grade sampling that they'll be targeting, located approximately 250m inside the decline, at a vertical depth of 80m from surface.

2.40 meters of 74 grams per ton AU
3.30 meters 79g/t
3.40 meters 79g/t
3.00 meters 83g/t
3.45 meters 84g/t
2.95 meters 92g/t
3.60 meters 109g/t
3.10 meters 116g/t
2.95 meters 118g/t
2.50 meters 122g/t
2.80 meters 203g/t
2.35 meters 290 g/t

The results of drilling should be 'interesting'.
And then later on, perhaps even more interesting when they go after more of these results elsewhere on site:
1,614 g/t 0.5 meter
1,185 g/t 0.5 meter
463 g/t 0.5 meter
430 g/t 0.4 meter

Patience is a virtue--be right and sit tight.
The present market cap of $87 million CA, or $66 mill US , is way, way to small and LION's a great buy.

LION Mission Statement:
Create a cash machine and build up a multi-million ounce gold resource.