The Gold Report - Thu, Dec 21, 2017

Prospector Picks First Exploration Target from New Acquisitions

Mike Niehuser, an analyst with Scarsdale Equities, provided background on an asset believed to be an "advanced exploration target."


In a Dec. 1 research note, Niehuser reported that of the 11 exploration targets in its recently acquired Navilawa Special Prospecting License area in Fiji, Lion One Metals Limited (LIO:TSX.V) decided to explore Banana Creek first. "Based on the amount of historic exploration activity with various exploration methods completed, we believe Banana Creek to be an advanced exploration target," he noted.

Accessibly located within the Navilawa caldera, 3 kilometers northeast of the company's Tuvatu project, Banana Creek "appears to contain both gold and base metal mineralization similar to Tuvatu's HT corridor," Niehuser wrote. Banana Creek could provide ore to the mill proposed for Tuvatu.

Niehuser provided a summary of the historic work done at Banana Creek but noted it was completed without "security, laboratory and assay methods necessary to be relied upon for resource calculation or investment purposes."

Past geophysical surveys showed a zone of hydrothermal alteration, and soil samples revealed an area of anomaly. Of the 800 rock chip samples taken, 114 reported over 1 gram per ton (1 g/t) gold. Fourteen of them indicated 10 g/t or higher gold, the highest being 46.3 g/t. From the 531 meters (531m) of diamond drilling that were done at Banana Creek, hole BCDH4 intersected 19.5 grams g/t gold over 0.4m at a depth of 32m.

Niehuser reiterated Scarsdale Equities' Buy rating and CA$1.40 per share target price on Lion One Metals, whose stock is currently trading at around CA$0.57 per share.

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Lion One Metals Ltd. Streetwise Reports does not accept stock in exchange for its services. Click below for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. publishes interesting contributor articles in addition to its own content. We have not verified any of the above details.

Sign-up at (or for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or to post at our Bulletin Boards. Free!

Please note that nothing in this report should be taken as a recommendation in any way, and that everything from is subject to the terms of our Privacy Policy and Disclaimer.

comments powered by Disqus

Detailed Quote Portal

symbol lookup | (TSX add :ca)

Membership Privileges

  • Investors Guru Small Cap Stock Observer - newsletter emailed monthly!
  • Featured Stock Profiles - emailed on occasion!
  • News by Email - as it's released, according to your My Preferences!
  • My Portfolio - login to view or update your holdings, or have it emailed daily!
  • My Watchlist & Alerts - login to view or update your stock radar list, and set price triggers for email alerts!
  • Bulletin Boards - no need to request boards, just Quote it! Social Sign-on & Share your ideas, observations & trends!
  • Find it all! Find it Fast! Comprehensive stock research webpages. No more endless clicking!

Email: (see Privacy Policy)
Password: (4-15 characters)
Username: (4-15, BB posts etc)

unsubscribe anytime

Bookmark and Share

 Subscribe in a reader

Our Mobile Site