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Landore Resources Ltd.
Summary
| Project: | Junior Lake | |
|---|---|---|
| Deposit: | Bam | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-1-2020: Landore Resources Ltd. announces a Resource Estimation report for its Bam deposit at the Junior Lake project. Updated mineral resource estimate. London, United Kingdom - 7 January 2020 - Landore Resources Limited (AIM:LND) ("Landore Resources" o | |
| Resources: | (Resource, I+I): 31.083Mt @ 1.02g/t Au at BAM | |
| CP/QP: | [Resources]: Brian. Fitzpatrick (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | London, United Kingdom - 7 January 2020 - Landore Resources Limited (AIM:LND) ("Landore Resources" or "the Company") is pleased to confirm that Cube Consulting Pty Ltd has now completed an updated, National Instrument 43-101 ("NI 43-101") compliant, Mineral Resource Estimate on the BAM Gold Project, Junior Lake Property, Ontario, Canada ("BAM Gold Deposit"). Commenting on this report, Chief Executive Officer of Landore Resources, Bill Humphries, said: "Landore's exploration effort for 2019 concentrated on establishing the potential growth of the BAM Gold Project along strike towards the existing Lamaune Gold project through the highly successful Soil Sampling campaign together with exploration drilling. Whilst the above infill drilling campaign continued to convert Inferred mineralisation into Indicated resource ounces. The directors believe that the continued growth of the BAM Gold Deposit together with the possible future development of new discoveries along this highly prospective 31 kilometre long Archean greenstone belt has further enhanced the likelihood of the Junior Lake Property hosting a multi-million ounce gold deposit." An infill drilling campaign, consisting of 24 holes HQ diamond core for a total of 3,966 metres, was completed on the BAM Gold Deposit aimed at advancing the inferred portion of the existing resource to the Indicated category for inclusion into the upgraded Mineral Resource Estimate. Up to November 2019, a total of 251 diamond drill holes for approximately 45,686 metres have been completed in the BAM Gold Project area, with a total of 207 holes for a total of 37,540 metres being used for the current Mineral Resource Estimate. The results of the above drilling campaign have been incorporated into the following Mineral Resource update. | |
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