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Landore Resources Ltd.
Summary
| Project: | Junior Lake | |
|---|---|---|
| Deposit: | Bam | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-10-2019: Landore Resources Ltd. announces an Exploration/Drilling Update report for its Bam deposit at the Junior Lake project. Drilling results incl. 12.87m @ 3.23g/t Au from 109.13m. London, United Kingdom, 21 October 2019 - Landore Resources Limited | |
| Resources: | (Resource, I+I): 28.826Mt @ 1.03g/t Au for 951Koz Au contained at BAM | |
| CP/QP: | [Overall Report]: Michele Tuomi (Internal) | |
| ABSTRACT: | London, United Kingdom, 21 October 2019 - Landore Resources Limited (AIM: LND) ("Landore Resources" or "the Company") is pleased to report on progress of the Summer Drilling and Exploration programme on its BAM Gold Deposit, Junior Lake Property, Ontario, Canada ("BAM Gold Deposit"). Commenting on this report, Chief Executive Officer of Landore Resources, Bill Humphries, said: "The 2019 drilling campaign on the BAM Gold Deposit is expected to increase the BAM Gold Resource with the conversion of Inferred to Indicated on the western portion of the Deposit and the possible addition of inferred ounces of gold further to the west. The higher confidence rating of the BAM Mineral Resource, together with the greatly improved gold price, will provide significant benefit to the PEA and further strengthen resource development economics. In addition the exploration activities completed this year in the large area between the BAM Gold Deposit and the Lamaune Exploration Target, 8.5 kilometres to the West, has clearly established the continuance of similar geology and geophysics between these gold occurrences. The results from the extensive soil sampling are eagerly awaited for further proof that Landore's highly prospective Junior Lake Property is host to multi-million ounces of gold. | |
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