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Landore Resources Ltd.
Summary
| Project: | Junior Lake | |
|---|---|---|
| Deposit: | Bam | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-1-2019: Landore Resources Ltd. announces a Resource Estimation report for its Bam deposit at the Junior Lake project. Updated mineral resource estimate for the BAM gold deposit. London, United Kingdom - 8th January 2019 - Landore Resources Limited (AIM: | |
| Resources: | (Resource, I+I): 28.826Mt @ 1.03g/t Au for 951Koz Au contained at BAM | |
| CP/QP: | [Resources]: Brian Fitzpatrick (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | London, United Kingdom - 8th January 2019 - Landore Resources Limited (AIM:LND) ("Landore Resources" or "the Company") is pleased to provide an updated Mineral Resource Estimate on the BAM Gold Deposit, Junior Lake Property, Ontario, Canada ("BAM Gold Deposit"). The BAM Gold Project Mineral Resources have been classified in accordance with the 2012 Australian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code"). Note: 'Unclassified' material is not a JORC compliant category and has been modelled purely for potential exploration target volume and grade and cannot be utilised for any economic assessment. Commenting on this report, Chief Executive Officer of Landore Resources, Bill Humphries, said: "The 2018 drilling campaign on the BAM Gold Deposit has increased the Mineral Resource Estimate by 53% to 951,000 ounces of gold whilst maintaining the outstanding strike rate of approximately 30 ounces of gold per metre for the 31,594 metres drilled on the Deposit to date together with the excellent conversion rate of Inferred to Indicated and unclassified material into inferred ounces of gold. The continued rapid growth of the BAM Gold Deposit together with the possible future development of the other known gold prospects such as Lamaune plus the likelihood of new discoveries along this highly prospective 31 kilometre long Archean greenstone belt bodes well for the future of the Junior Lake Property hosting a multi-million ounce gold deposit. | |
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