Lion Ore Metals has encountered multiple high-grade gold intercepts in its first deep diamond drill hole at its Tuvatu alkaline gold deposit in Fiji. The first of a series of four deep diamond drill holes, oriented eastward at an inclination of 55° and drilled to a depth of 536.9 m, encountered high-grade gold mineralization at the bottom of the current delineated resource. Of particular note is a 4.29-m interval of 33.22 g/mt gold starting at 422.53 m down hole (true width estimated to be 2.5 m).

This interval, fully 70 m below the current resource, is comprised of hydrothermal breccia unlike any mineralization previously observed at Tuvatu, but closely resembling that seen in some lodes at the Vatukoula gold mine approximately 40 km to the northeast. Included in this interval is a 0.31-m interval of 322 g/mt gold beginning at 423.41 m down hole. Lion One believes this intercept is highly significant and suggests the mineralizing system is evolving with depth, perhaps an indication of further high-grade mineralization below. In this area, several lode structures appear to be converging, potentially forming a root feeder.