Lion One Metals Discovers “Off the Chart” Gold Assays

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)

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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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