Lion One Moves Permitting Forward in Fiji

Fiji’s Department of Environment has approved two key permits for Lion One Metals’ (TSXV: LIO; US-OTC: LOMLF; ASX: LLO) high-grade Tuvatu gold project, about 50 km south of Vatukoula, the country’s oldest operating mine. Green-lighting the project’s construction and operation environment management plans allows Lion One to develop a processing plant, build a mine underground…

Gold Deal

by: Repeka Nasiko CANADIAN company, Lion One Metals Limited has secured a 21-year surface lease from the iTaukei Lands Trust Board to begin its Tuvatu Gold Project in Nadi. The announcement was made last week after a three-year discussion with landowners. “The agreement for the Tuvatu Surface Lease was reached after nearly three years and…

Tuvatu Mining Licence Bid Soon

By Rachna Lal Canadian miners Lion One Limited are looking forward to applying for their mining licence for the planned Tuvatu Gold Mine in Sabeto Valley near Nadi Airport. Project manager, David Pals, confirmed this and said they expect to complete the Environmental Impact Assessment by late this month. “We will apply for a mining…

Mine Work Near Start At Tuvatu

By Jyoti Pratibha Environmental impact assessment (EIA) public consultations for the planned Tuvatu Gold Mine, Nadi,will be held next week. Project Manager David Pals of Lion One Limited said the company was committed to developing the Tuvatu Project in the Sabeto Valley. The area was previously explored by Emperor Gold Mines, the former operators of…

Lion One’s defining year in Fiji’s gold fields

While many juniors find current market conditions difficult to bear, Lion One Metals (LIO-V) is brimming with optimism and bracing itself for a bountiful year. Such bullishness can be attributed to the company’s enviable position amongst juniors: not only does it have a highly prospective project in the heart of elephant country, but it also…

Mine To Open Soon

by Ioane Burese The government says the mining industry is on the roll following the opening of the bauxite mine in Bua with recent reports now revealing the Namosi copper mine to be opened next year, will bring in millions of dollars. An Information Ministry statement says the Mineral Resources Department is anticipating another find…

The 2009 Festival of Thinkers

Walter Berukoff was one of the many honoured participants at the 2009 Festival of Thinkers in the United Arab Emirates. The third Festival of Thinkers brought together an array of Nobel laureates, well-known intellectuals and students from the UAE and neighboring countries to celebrate what Sheikh Nahayan Mabarak Al Nahayan calls “the power and importance of…

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He’s No Wally with £860K Gold Profit

It turns out that in the £9 million fundraiser announced by AIM-listed Vatukoula Gold Mines last week, its former owner, Canadian mining and leisure tycoon Wally Berukoff, made an overnight profit of £860,000 by exercising an option to buy back 200 million shares. When Canadian Zinc Corporation agreed to buy his 18% stake in Vatukoula…

Adios Fidel, Hello Tiger

Story in Golf Magazine featuring an interview with Walter Berukoff Fifty years ago Fidel Castro took power in Cuba. Two years later after losing a golf match to Che Guevara, the dictator bulldozed most of his country’s courses. Today, the island’s tiny, eternally optimistic golf community is hoping to be freed for its second act.…

Update On Fijian Properties

Red Lion Management Ltd – News Release VATAKOULA Red Lion Management Ltd. (“Red Lion”) announces that Viso Gero Global Inc. (“VGGI), a wholly owned subsidiary of Red Lion, has exercise its call option to purchase 200 million shares of Vatakoula Gold Mines (VGM) at a price of 1p per share. Consequently, Canadian Zinc Corporation (“Canadian…