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Landore Resources Ltd.
Summary
| Project: | Junior Lake | |
|---|---|---|
| Deposit: | Bam | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2019: Landore Resources Ltd. announces a PEA report for its Bam deposit at the Junior Lake project. PEA results incl. post-tax NPV of US $69.2M (5%), IRR of 22.4%, 3.5yr LOM at the project. London, United Kingdom 20th February 2019 – Landore Resource | |
| Resources: | (Resource, I+I): 28.826Mt @ 1.03g/t Au for 951Koz Au contained at BAM | |
| CP/QP: | [Overall Report]: Brian Fitzpatrick (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | London, United Kingdom 20th February 2019 – Landore Resources Limited (AIM:LND) (“Landore Resources” or "the Company") is pleased to provide the Technical Report and Preliminary Economic Assessment of the BAM Gold Project, Junior Lake Property, Ontario, Canada (“BAM Gold Project”). Cube Consulting Pty Ltd (“Cube”) was engaged by Landore Resources Canada Inc. (“Landore”) to conduct a preliminary economic assessment (“PEA”) and prepare an Independent Technical Report, in compliance with the requirements of the Canadian National Instruments 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), on the BAM Gold Project, in Ontario, Canada. Commenting on this report, Chief Executive Officer of Landore Resources, Bill Humphries, said: “We are very pleased with the results of the PEA which clearly demonstrates the robust nature and growth potential of the BAM Gold Project. We are confident that, with the conversion of the ‘unclassified mineralisation’ into resource together with infilling and extending the existing deposits, the Project has a high probability of being advanced from the Base case 515,000 ounces gold to the Extended case 800,000 ounces gold with significant further upside.” | |
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