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Landore Resources Ltd.
Summary
| Project: | Junior Lake | |
|---|---|---|
| Deposit: | Bam East | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-12-2017: Landore Resources Ltd. announces a Resource Estimation report for its Bam East deposit at the Junior Lake project. Mineral Resource update for the Bam East deposit. London, United Kingdom ¬ 11 December 2017 - Landore Resources Limited (AIM:LND | |
| Resources: | (Resource): 7.413Mt @ 1.37g/t Au (Ind.) and 1.662Mt @ 1.39g/t Au (Inf.) at project | |
| CP/QP: | [Resources]: Reno Pressacco (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | London, United Kingdom ¬ 11 December 2017 - Landore Resources Limited (AIM:LND) ("Landore Resources" or "the Company") is pleased to announce the Updated Mineral Resource estimate for the BAM East Gold Deposit on its Junior Lake Property, Ontario, Canada ("BAM East Gold Deposit"). Commenting on this report, Chief Executive Officer of Landore Resources, Bill Humphries, said: "We are delighted with the rapid growth of the BAM East Gold Resource, all potentially extractable by low cost open pit mining method which together with the exceptional metallurgical results reporting up to 99% recovery of gold, further enhances this exciting project and supports our high expectations that it can be developed with low capex/opex costs amongst the lowest quartile of gold mining producers. This seasons drilling campaign has been extremely successful in both increasing the size of the resource and improving the confidence level. In addition exploration has established numerous targets along trend that with drilling have the potential to become additional resources. Landore Resource's work programme in 2018 is aimed at further growth of the BAM East Gold resource to greater than one million ounces gold, completion of a Preliminary Economic Assessment (PEA) on the Junior Lake Project and the discovery of further gold deposits along the 31 kilometre, highly prospective Junior Lake Shear". | |
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