Fiji Gold Producer Gains 10% After Buying Rig to Hit Zone From Underground
Underground producers that can shorten and steepen drill holes into high-grade veins from working levels cut both metres and cycle time versus surface pads. When a new purpose-built underground rig unlocks first-time lateral shots into named deep zones, the so-what is resource conversion and production optionality at depth, not just another piece of iron. Lion One Metals Limited (TSX-Venture: LIO) (OTCQX: LOMLF) rose Monday after announcing the purchase of a new Boart Longyear LM90 underground core drill for its 100%-owned Tuvatu alkaline gold mine in Fiji.The LM90 is rated to a ...