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Landore Resources Ltd.
Summary
| Project: | Junior Lake | |
|---|---|---|
| Deposit: | Bam East | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-2-2017: Landore Resources Ltd. announces a Resource Estimation report for its Bam East deposit at the Junior Lake project. First Mineral Resource Estimate for the Bam East deposit at Junior Lake. Landore Resources Limited (AIM:LND) ("Landore Resources" | |
| Resources: | (Resource): 4.455Mt @ 1.35g/t Au (Ind.) and 2.73Mt @ 1.23g/t Au (Inf.) at Bam East | |
| CP/QP: | [Resources]: Reno Pressacco (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Landore Resources Limited (AIM:LND) ("Landore Resources" or "the Company") is pleased to present the Maiden Mineral Resource estimate and report 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: "I am delighted to announce Landore's Maiden resource of 301,000 ounces of gold for our exciting BAM East Gold Deposit, which has been rapidly taken from discovery to resource in just one year. Our remarkably low discovery cost further underlines the significant growth potential of the BAM East Gold Deposit. In addition, exploration drilling has succeeded in establishing the potential for the highly prospective Junior Lake Shear, which traverses Landore's Junior Lake Property from east to west, to host other gold occurrences. Our work programme this year is aimed at further growth of the existing resource, discovery of further gold deposits along the Junior Lake Shear and progressing the BAM East Gold Deposit towards development by initiating a Pre-Feasibility study by year end. This Gold discovery and its advancement is a remarkable achievement by Landore's Exploration team and is a testament to their dedication and perseverance in the exploration of the Junior Lake Property." | |
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