I put out a short update on a few favorite companies on my site on Friday. That turned out to be excellent timing as Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) released assay results on Friday as well. The numbers were off the chart.
Hole TUDDH500 reported 12.7 meters of 46.14 g/t gold. In the text above the numbers it shows 7 meters but if you look at the interval it indicates 12.7 meters. That seemed incredible at first glance.
I kept reading and my eyes just about popped out when I saw 0.9 meter at 506.4 g/t Au. I should have calmed down but couldn’t when I saw the shorter interval.
Three feet of $30,955 gold is remarkable but a piece of last interval graded over a kilo of gold to the ton.
Those vein intercepts are 75 meters above the anticipated target zone indicating this is probably a bigger system than first imagined. When a cubic foot of the last intercept is worth $8000, you have a giant hole already.
The majors are going to be all over this like white on rice. I doubt there is any way they could get a commanding position without paying through the nose. Lion One is going to be bought out way before they ever come up with an updated 43-101. Anyone who understands drill results and alkaline systems also is smart enough to know what time it is.
Lion One is an advertiser and I own a lot of shares. Right now it is my 2nd biggest position. I am adding more in this latest private placement. Do your own due diligence.
Lion One Metals
LIO-V $1.98 (Jul 24, 2020)
LOMLF OTCQX 117.5 million shares
Lion One website
Bob Moriarty
President: 321gold
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Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.
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