Bob Moriarty believes the majors are going to be all over Lion One Metals Limited (TSXV:LIO) “like white on rice”
Bob Moriarty | August 5, 2020 | SmallCapPower: 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 Limited (TSXV:LIO) released assay results on Friday as well. The numbers were off the chart.
(The following is an article originally published on 321gold.com on July 27, 2020)
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 second biggest position. I am adding more in this latest private placement. Do your own due diligence.
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