Lion One Metals Limited (ASX: $LLO) has announced the discovery of copper porphyry-style mineralization in a newly identified mineralized system 1 km northeast of the company's 100% owned Tuvatu Alkaline Gold Project in Fiji. The drilling intersected multiple zones of extensive copper mineralization up to 210.8 m in length at the Wailoaloa prospect as part of the company's regional exploration program.
The discovery of copper porphyry mineralization at Tuvatu is an exciting development for the company. The Navilawa Caldera is known to host high-grade alkaline gold mineralization yet it has also been explored historically for copper. A large copper-gold system has long been hypothesized at depth. The drill holes included in this news release represent the first drill holes ever drilled to test for such a porphyry target. To have intersected multiple zones of extended copper mineralization at this stage of the Wailoaloa exploration program is very encouraging and indicates the potential for a much larger system nearby.
The discovery of copper porphyry mineralization at Tuvatu marks a significant milestone for Lion One Metals. The extensive copper mineralization, correlated with anomalous gold mineralization, suggests the potential for a much larger system nearby. The company's regional exploration program has yielded promising results, indicating the presence of a widespread zone of weakly to moderately anomalous gold associated with a strong copper anomaly. Lion One Metals aims to further expand the surface copper anomaly through additional sampling and continue its exploration efforts in the Wailoaloa area. This discovery opens up new possibilities for the company's mineral exploration and reinforces its commitment to unlocking the full potential of the Tuvatu Alkaline Gold Project in Fiji.