Lion one mining

By | 13.03.2018
1

Lion One Metals Limited announces today that Fiji's Minister of Lands and Mineral Resources has approved the grant of a Special Mining Lease for the Company's wholly. Lion One Metals Limited (TSX. V: LIO) ('Lion One' or the 'Company') announces the voting results from its Annual and Special General Meeting held on December 15, 2016. Lion One Metals Ltd - LIO - Lion One Metals is a mineral Developer company based in North Vancouver, Canada with 3 assets in 2 countries.
Lion One Announces Issuance of Tender for Tuvatu Mining Contract and Receipt of Competing Bids for EPC Contract. Lion One Appoints AMC Mining Consultants for Mine Planning and Geotechnical Study for Tuvatu Gold Project in Fiji. Lion One Metals Limited announces today that Fiji's Minister of Lands and Mineral Resources has approved the grant of a Special Mining Lease for the Company's wholly. Lion One Metals Limited (TSX. V: LIO) ('Lion One' or the 'Company') announces the voting results from its Annual and Special General Meeting held on December 15, 2016. Lion One Metals Ltd - LIO - Lion One Metals is a mineral Developer company based in North Vancouver, Canada with 3 assets in 2 countries.

NORTH VANCOUVER, BRITISH COLUMBIA and PERTH, WESTERN AUSTRALIA--(Marketwired - Sep 29, 2014) - Lion One Metals Limited (TSX VENTURE:LIO)(LOMLF)(LLO.AX) (the "Company") -

Lion One Metals is pleased to announce the Company has engaged AMC Mining Consultants Pty. Ltd. ("AMC") of Perth, Western Australia to conduct an independent mining engineering and geotechnical study at the Company's 100% owned Tuvatu Gold Project ("Tuvatu") located on the island of Viti Levu in Fiji. AMC's study will reference the technical report entitled "Independent Technical Report and Resource Estimate on the Tuvatu Gold Deposit" dated May 6, 2014 prepared by Mining Associates Pty Ltd. and will run parallel with the processing plant studies announced on September 15, 2014.

AMC will undertake a review of Lion One managements' internal studies and their own geotechnical assessment from the feasibility study completed on the project in 2000 for Tuvatu's previous operators, to confirm the preferred mining methods, underground mine design, lion one mining, development, mine scheduling, production scheduling, and capital and operating cost estimates. AMC will also manage relevant reporting under Canadian National Instrument (NI) 43-101. The scope of the current study is focused on:

  • Confirming underground and surface mine planning and design
  • Confirming development and production schedules
  • Confirming manpower and equipment estimates
  • Confirming mining capital and operating costs estimates

Lion One Chairman and Chief Executive Officer Walter Berukoff commented, "We are focused on de-risking and permitting the Tuvatu Gold Project, confirming our management team's proposed development model and advancing rapidly towards a production decision."

About AMC

AMC is a leading independent and employee-owned mining consultancy with offices in Adelaide, Brisbane, Melbourne, Perth, Toronto, Vancouver, and the UK. AMC's clients include the world's leading mining and exploration companies, corporate advisers, financial institutions, and insurance companies. Since establishment in 1983, AMC has completed more than 6,500 assignments in more than 100 countries. AMC's expertise spans mining, geology, finance, and management, with a team of world-renowned experts in their respective fields. AMC has vast prior experience in Fiji with mining projects such as Vatukoula and Namosi, and internationally, with time mining narrow vein gold projects such as Cerro Moro (Argentina), Dipidio (Philippines), and Fresnillo San Julian (Mexico).

About Tuvatu

Tuvatu is a high grade, narrow vein gold deposit located on the island of Viti Levu in Fiji. Tuvatu is situated on the Viti Levu lineament, 35 km along trend from Vatukoula, Fiji's largest gold deposit and oldest gold operating mine, with lion one mining 7 million ounces of production over 75 years (per VGM website 2014). Both deposits are low-sulphidation epithermal gold deposits related to alkalic volcanic intrusive complexes. In late 2013 the Company received Department of Environment approval for the Tuvatu Environmental Impact Assessment and in 2014 signed a 21-year Surface Lease (see news release dated May 22, 2014), and upgraded Tuvatu's indicated resource to 1,101,000 tonnes at a grade of 8.46 grams per tonne gold (g/t Au) and inferred resource to 1,506,000 tonnes at a grade of 9.70 g/t Au, at a cut-off grade 3.0 g/t Au (see news release dated June 4, 2014). The Tuvatu resource has been reported at various cutoff sensitivities as follows:

Table 1: Tuvatu Resource Reported at Various Cut-offs
CutoffIndicatedInferred
g/ttonnesg/t Auoz. Autonnesg/t Auoz. Au
1.01,973,0005.61350,3003,022,0005.8561,000
2.01,435,0007.07326,2002,156,0007.5520,000
3.01,101,0008.46299,5001,506,0009.7468,000
5.0683,00011.25247,000872,00013.9390,000
Table 2: Tuvatu Resource Reported at Various Cut-offs Depicting Sensitivities to Cut-off
CutoffIndicatedInferred
g/ttonnesg/t Auoz. Autonnesg/t Auoz. Au
Resources within 75 meters of surface
0.5734,0003.072,000612,0003.6171,000
1.0609,0003.569,000513,0004.1769,000
2.0384,0004.758,000328,0005.6660,000
3.0263,0005.849,000228,0007.0552,000
5.0121,0008.031,000107,00010.7337,000
Resources below 75 meters of surface
0.51,488,0006.0285,0002,860,0005.44501,000
1.01,335,0006.6282,0002,509,0006.10492,000
2.01,051,0007.9268,0001,827,0007.83460,000
3.0839,0009.3251,0001,278,00010.14416,000
5.0562,00012.0216,000766,00014.34353,000

Competent Person Statement

The information in this report that relates to the Exploration Results, Mineral Resources or Ore Reserves is based upon, and fairly represents, information and supporting documentation compiled by Mr. Stephen Mann, who is a full time employee of the Company and is a member of The Australasian Institute of Mining and Metallurgy. Mr. Mann has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and the activity in which he is undertaking to qualify as a Competent Person under 2012 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr. Mann consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. The Company confirms that it is not aware of any new information or data that materially affects the information included in the news releases referred to above, and confirms that the form and context in which the findings are presented have not been materially modified from the original news releases.

Robert McLeod, P.Geo, Consultant and Qualified Person as defined by NI 43-101 has reviewed and approved the technical content of this release.

Albert Siega, P Eng., and Qualified Person as defined by NI 43-101 has reviewed and approved the technical content of this release. Mr. Siega is a mining engineer and full time employee of Lion One Cash cost mining Lion One Metals

Lion One Metals is a mineral exploration and development company based in North Vancouver, BC, focused on the advancement of its high grade Tuvatu Gold Dataset in data mining in Fiji. For more information on Tuvatu, the technical report entitled "Independent Technical Report and Resource Estimate on the Tuvatu Gold Deposit" dated May 6, 2014 prepared by Mining Associates Pty Ltd is available for download on the SEDAR website at www.sedar.com. In South Australia the Company is targeting a major magnetite resource on its Olary Creek Iron Project, held in a joint venture with China's Henan Yukuang. Olary Creek is situated along South Australia's prospective Braemar Iron Formation and hosts an indicated mineral resource of 214 million tonnes at 26.3% iron and an inferred mineral resource of 296 million tonnes at 26.4% iron. For more information on Olary Creek, the technical report entitled "Olary Iron Project Mineral Resource Estimate, South Australia NI 43-101" dated August 20, 2013 prepared by SRK Consulting (Australasia) Pty Ltd is available for download on the SEDAR website at www.sedar.com. The Company also holds additional exploration-stage projects in Fiji, Australia, and Argentina.

For more information on Lion One Metals Limited and its projects please visit the Company website at www.liononemetals.com.

This announcement was made in Canada for the TSX.V and in Australia for the ASX. Public filings for Lion One Metals Limited are available at SEDAR (Canada) (www.sedar.com) and www.ASX.com.au (Australia). Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", lion one mining, "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", lion one mining "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited's current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Java data mining tools believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than of homestake mining results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, boyd mining and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage development of Lion One Metals Lion one mining, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended, lion one mining. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Источник:




Lion One Metals: Annual General Meeting Results - Junior Mining Network

Lion One Metals Ltd - LIO - Lion One Metals is a mineral Developer company based in North Vancouver, Canada with 3 assets in 2 countries. Lion One is close to awarding underground mining and EPC contracts for the proposed $US48.6M development of its 100%-owned and fully permitted Tuvatu gold project. Lion One Announces Grant of Mining Lease Approved for High Grade Tuvatu Gold Project in Fiji. PDF. Lion One Metals Limited affecting mining. News + Media. News Releases. Lion Tony Young has over 17 years’ experience in financial roles for mining companies October 16th, 2017. Lion One Metals. Under the proposed merger, shareholders of Avocet will receive 1 share of Lion One for every 9.5 shares held in Avocet. Lion One Metals Ltd. (TSXV:LIO,ASX:LLO,OTCQX:LOMLF) announced that a special mining lease (SML) has been granted for its Tuvatu gold project by Fiji's minister of.

Lion One Announces Issuance of Tender for Tuvatu Mining Contract and Receipt of Competing Bids for EPC Contract. Lion One is close to awarding underground mining and EPC contracts for the proposed $US48.6M development of its 100%-owned and fully permitted Tuvatu gold project. News + Media. News Releases. Lion Tony Young has over 17 years’ experience in financial roles for mining companies October 16th, 2017. Lion One Metals.


NORTH VANCOUVER, British Columbia, June 26, 2017 (GLOBE NEWSWIRE) -- Lion One Metals Limited (TSX-V:LIO) (ASX:LLO) (OTCQX:LOMLF) (FSE:LY1) (the “Company”) is pleased to announce important news on the continued progress of the development of its 100% owned and fully permitted Tuvatu Gold Project in Fiji.  The Company has issued a tender for underground mining services and has received competing bids for the EPC contract and fabrication of the Tuvatu processing plant and construction of the supporting infrastructure.

The Company expects to award the Underground Mining Contract following agreement of final terms and conditions. The Mining Contract will be for an initial period of 18 months to perform the following activities:  

  • Enlarge the exploration portal and construct a new production portal
  • Slash the existing exploration decline
  • Complete the majority of the decline and level development including ventilation raises
  • Stope production in available levels

The Company also announces that in addition to the ongoing detailed engineering design by Yantai Jinpeng Engineering (see news release dated May 9, 2017), it has received three competing bids for final engineering, procurement, and construction (EPC) services for the Tuvatu processing plant and supporting infrastructure.  The bids are for the construction of a new 210,000 tonne per annum carbon-in-leach (CIL) gold ore processing facility to be fabricated in China to western standards and Fijian Building Code.  In addition to the processing plant, the EPC contract is expected to include the following supporting infrastructure:

  • The dry stack tailings storage
  • Primary diesel power generation system
  • Assay lab
  • Water supply and water treatment infrastructure
  • Truck shop, warehouse, dry, and other operations infrastructure
  • Central administration complex

It is envisaged that the EPC contract will be signed as soon as agreement is achieved on final terms and conditions to allow work to proceed quickly. The Company is currently completing the final bulk earthworks design as it intends to start excavation on the mill site to be followed by commencement of mining.

“These developments have run concurrently with our efforts to conclude funding arrangements for the project and will enable full-scale mining, stockpiling, and underground development to begin in tandem with critical path components of the EPC contract,” said Lion One CEO Walter Berukoff. “We look forward to providing further guidance with respect to scheduling in due course.”

Exploration and infill drilling continues with two drills on site.  Assay results are pending in the next few weeks.

About Tuvatu
The Tuvatu Gold Project is located 17 km from the Nadi International Airport on the main island of Viti Levu in Fiji. Discovered in 1987, Tuvatu is a high grade, low sulphidation, epithermal gold deposit hosted inside a South Pacific style volcanic caldera.  The deposit occurs along the Viti Levu lineament, Fiji’s own corridor of high grade gold deposits. Tuvatu is situated upon a 5 hectare footprint inside a larger 384 hectare mining lease. The project contains numerous high grade prospects proximal to Tuvatu, at depth, and up to 1.50 km along strike from the resource area, giving near-term production potential and further discovery upside inside of one of Fiji’s underexplored volcanic goldfields.

Tuvatu was advanced by previous owners through underground exploration and development from 1997 through to the completion of a feasibility study in 2000.  Acquired by Lion One in 2011, the project has over 100,000 meters of drilling completed to date in addition to 1,600 meters of underground development.

In January 2016 the Hon. Prime Minister of Fiji, Mr. V. Bainimarama, formally presented the previously granted Tuvatu Mining Lease to Lion One.  This concluded the permitting process for the development of an underground gold mine and processing plant at Tuvatu, demonstrating strong government support for Fiji’s 85 year-old gold mining industry.

As per its independent June 1, 2015 NI 43-101 PEA Technical Report on the Tuvatu Gold Project, the Company envisages a low cost underground gold mining operation producing 352,931 ounces of gold at head grades of 11.30 g/t Au over an initial 7 year mine life.  This includes production of 262,000 ounces at 15.30 g/t through to the end of year three.  Estimated cash cost is US$567 per ounce with all-in sustaining cost of US$779 per ounce. Total capex of US$48.6 million includes a contingency of US$6.1 million with an 18 month preproduction schedule and 18 month payback on capital.  At a US$1,200 gold price, the project generates net cash flow of US$112.66 million and an IRR of 52% (after tax).  The Company is not basing its production decision on a feasibility study of mineral reserves demonstrating economic and technical viability; as a result there is increased uncertainty and economic and technical risks associated with its production decision.

Ian Chang, M.A.Sc., P.Eng., Chief Development Officer, is the Qualified Person ("QP") responsible for Tuvatu Mine development. Stephen Mann, Managing Director, member of The Australasian Institute of Mining and Metallurgy, is the Qualified Person (“QP”) responsible for the Tuvatu Mine exploration program.

For more information on Lion One including technical reports please visit the Company’s website at www.liononemetals.com or the SEDAR website at www.sedar.com .

On behalf of Lion One Metals Limited
“Walter H. Berukoff”
Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

For further information please contact Stephen Mann, Managing Director (Perth, Australia) Tel: 604-973-3007 Hamish Greig, Vice President (North Vancouver, BC) Tel: 604-973-3008 Joe Gray, Investor Relations (North Vancouver, BC) Tel: 604-973-3004 Toll Free IR Line (North America) Tel: 1-855-805-1250 Email: [email protected]
Источник:

SHANXI MINING Using simulation for development of process control systems in mining
Rop mining 648
All mining index Btc mining tool free
DATA MINING DECISION SUPPORT SYSTEMS 980 mining
Bitcoin mining investments Stock gold mining

1 thoughts on “Lion one mining

Add comment

E-mail *