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Landore Resources Ltd.
Summary
| Project: | Junior Lake | |
|---|---|---|
| Deposit: | Bam East | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-5-2017: Landore Resources Ltd. announces an Exploration/Drilling Update report for its Bam East deposit at the Junior Lake project. Drilling results incl. 27.60m @ 1.39g/t Au from 206.75m. London, United Kingdom - May 17th 2017 - Landore Resources Limi | |
| Resources: | (Resource, I+I): 301,000oz Au at BAM East | |
| CP/QP: | [Overall Report]: Michele Tuomi (Internal) | |
| ABSTRACT: | London, United Kingdom - May 17th 2017 - Landore Resources Limited (AIM:LND) ("Landore Resources" or "the Company") is pleased to provide this progress report on extension and infill drilling of the BAM East Gold Project on its Junior Lake Property, Ontario, Canada ("BAM East Gold Project"). The Spring/Summer drilling campaign is progressing on schedule with 12 HQ diamond drill holes (0416-561 to 0416-572), for 3,311 metres, completed to date with the intention of advancing the Inferred part of the resource to Indicated status and to extend the currently defined resource to the west and east and down dip. To date, results have been received for 4 drill holes with results pending for the remainder. Results will be reported when received and collated. Drilling on the BAM East Gold Project re-commenced April 1 2017 with a total of 12,000 metres planned during this spring and summer. One drill is currently focussed on further delineation and extension of the defined resource, with a second drill targeting further potential deposits on the highly prospective MaxMin geophysical anomaly MM-7, host to the BAM East Gold Deposit.To date, drilling at 50-metre centres has been completed from 2000E to 2400E along the southern margin of the Inferred portion of the defined resource. All drill-holes completed to date have intersected similar lithology to the Central Zone resource with multiple instances of visible gold (VG) in the core. Drilling will continue eastwards aimed at extending the deposit both down dip and along strike for a further 300 metres from 2700E to 3000E. The second drill is dedicated to expanding previously identified mineralised zones at 1000E and 1600E after which it will test highly prospective areas with similar lithology along the MM-7 geophysical structure from 3000E to 4000E. | |
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