Landore Resources Limited (LON:LND) has announced a 301,000 ounce maiden gold resource for its BAM East project in Ontario.
The resource has been verified by well-known mining industry consultants Roscoe Postle Associates and follows on from a lightning-quick discovery process and series of drill campaigns.
Back in the autumn of 2015, Landore drilled eight holes for a total of 2,223 metres. Two of the eight drill holes were drilled to test a geophysical target located two kilometres to the east of the company’s existing B4-7 nickel deposit.
The drilling intersected a wide zone of gold mineralization close to surface that was dubbed the BAM East gold deposit.
Landore subsequently carried out follow-up drilling programs in February 2016, in August 2016, and in October 2016. These drilling programs expanded the limits of the gold mineralization along the down-plunge direction.
In addition, the drilling programs have confirmed the presence of the mineralized controlling structure along a total strike length of approximately 2,000 metres by widely spaced drill holes.