Shares of Lion One Metals (ASX:LIO) are experiencing a significant jump due to discoveries of gold at the company’s Fiji project.

These new finds have resulted in the company’s stock reaching its peak since July 14.

The firm, specialized in exploration, announced promising high-grade gold results stemming from their continuous grade control and infill drilling at its named Tuvatu Alkaline Gold Project located in Fiji.

Current trading volumes are up by 1.8 times the customary 30-day average of 23,917 shares.

Despite this positive news, it’s important to note that Lion One Metals (ASX:LIO) has seen a 10.3% decline in its ASX stocks so far this year, as based on its last closing figures.

Lion One Metals is an exploration company focused on finding and developing mineral resources.