(MENAFN- ProactiveInvestors)
Lion One Metals (ASX:LLO TSX-V:LIO) has been granted an ASX trading halt in relation the granting of a Mining Lease over its Tuvatu Gold Project in Fiji.
The halt will last until the earlier of the announcement being made or the start of trade on 23rd March 2015.
Tuvatu is located 25 kilometres by road from the international airport in the city of Nadi.
It has an Indicated Resource of 1.1 million tonnes grading 8.46 grams per tonne or 299500 ounces of contained gold and an Inferred Resource of 1.5Mt grading 9.7g/t or 468000 ounces of contained gold.
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