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Landore Resources Ltd.
Summary
| Project: | Junior Lake | |
|---|---|---|
| Deposit: | Bam East | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-9-2016: Landore Resources Ltd. announces an Exploration/Drilling Update report for its Bam East deposit at the Junior Lake project. Drilling results incl. 53.50m @ 1.38g/t Au from 120.50m. London, United Kingdom – September-5th 2016 – Landore Resources | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michele Tuomi (Internal) | |
| ABSTRACT: | London, United Kingdom – September-5th 2016 – Landore Resources Limited (AIM:LND) (“Landore Resources” or "the Company") is pleased to provide this progress report on extension drilling of the BAM East Gold prospect on its Junior Lake Property, Ontario, Canada (“BAM East Gold Prospect”). The summer drilling campaign is now complete. In total, 22 NQ diamond drill holes (0416- 524 to 0416-545), for 4,077 metres (m), have been drilled to test the east, west and down dip extensions of the new gold zone. To date results have been received for the first 12 drill holes. Consulting Engineers RPA Inc. (RPA) of Toronto, Canada, have been retained by Landore Resources with the view of completing an initial Mineral Resource estimate on the Bam East Gold prospect. A site visit was completed in early August to review the drilling and geology of the prospect. The wide gold mineralisation, close to surface, has potential for the initial development to be progressed as a low cost, bulk tonnage, open pit operation. Initial studies indicate the mineralisation to be native gold with no sulphides associated with precious metal minerals observed to date. This would indicate a simple processing route with excellent recovery potential. Drilling is scheduled to re-commence in October, firstly with large diameter holes to provide material for metallurgical testing, after which drilling will continue to the east, west and down dip to test for further extension of this exciting new gold prospect. | |
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