At Satori Traders, we applaud Investors who perform due diligence before putting their hard-earned money at risk. We provide Precious metals information for free to help consumers educate themselves. Satori Traders is a fee-only California-registered Investment Advisor. We receive management fees from our clients based on assets under management as detailed in our Investment Management Agreement. We also receive compensation from external companies when we send them referrals. Satori Traders only recommends companies that we have independently researched. The compensation we receive from these companies does not affect our analysis. We would be making the same recommendations without compensation. As a fiduciary and California-registered Investment Advisor, we set very high standards for the companies we associate with or recommend to others. Information that we provide to consumers will not include companies that fail to meet our quality standards. The compensation we receive from external companies may impact how and where those companies appear on our site, including the order in which they appear.
Lion One Metals Ltd stock
Lion One Metals (TSXV: LIO) is a Canadian Mining company focused on advancing its 100% owned, district-scale Tuvatu Project located in the Fiji Gold Trend.
LIO is fully permitted to bring this high-grade alkaline Gold system into production. Based on the company’s current schedule, Lion One (OTC: LOMLF) should be pouring its first Gold bar by H1 2023.
Alkaline deposits are prized by major mining companies because they are known to contain large endowments of Gold. It is unusual for a junior Mining company to control 100% of an alkaline system.
The Vatukoula alkaline Gold deposit, located only 30 miles (50 km) from Tuvatu, is 11+ million ounces. Lihir (40+ mil. oz.) and Porgera (25+ mil. oz.) in Papua New Guinea are further examples of alkaline deposits.
Alkaline Gold deposits tend to be 1000 meters deep so Lion One (TSXV: LIO) included a 1014 meter hole as part of its 2020 drill program. High-grade mineralization was found in both the shallow drill holes and in the deep hole.
In early 2021 two underground drill rigs were added to the four surface rigs already on site. These underground drills allow for deeper drilling and they can also be operated year-round while the surface rigs have to be shut down during the rainy season.
The large land package (200 sq. kilometers) encompassing Tuvatu is mostly unexplored so discovery of additional mineral deposits is possible.
Dr. Quinton Hennigh, an economic geologist with 25+ years of experience, serves as Technical Advisor for Lion One. He has an impressive track record finding mineral deposits including the 5 million oz. alkaline Gold system near Red Lake, Ontario.
With 100% control of an alkaline Gold system and Dr. Hennigh’s guidance, Lion One Metals is definitely one of the Mining stocks to watch.
Tuvatu Gold Mining Project
This highly prospective region is host to the Vatukoula Mine, with 3.8 million ounces of remaining Gold resources and historic production of more than seven million ounces over 75+ years.
Lion One’s 200 square-kilometer land package at Tuvatu encompasses the entire Navilawa caldera and its expansive alkaline Gold system. Alkaline Gold systems are some of the largest deposits on earth. Drill results in early 2021 confirmed high-grade Gold mineralization in the caldera.
LOMLF is planning an underground mine and permits are in place to begin the main decline in mid-2021. Concurrent with digging the decline (14 to 18 months), Lion One will build a mill and continue expanding the resources. Based on this schedule first Gold pour is targeted in H1 2023.
With an initial small-scale (300 ton/day) mill Lion One Metals should be able to fund future development of the project including expansion of the mill from the production of Gold.
Bryan V Post is a California-registered Investment Advisor Representative specializing in the Precious metals.
He is the founder and CEO of Satori Traders LLC, a California-registered Investment Advisor.
Bryan has worn numerous hats during his life:
Engineer, Portfolio manager, Precious metals Investor, Technical analyst, Proprietary trader, Swing trader.
Copyright 2022, Satori Traders LLC