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Landore Resources hits visible gold between the two deposits at BAM

If Landore succeeds in joining the two deposits, the upcoming resource update will make for exciting reading

The BAM gold deposits are shaping up into a significant asset for Landore

Landore Resources Ltd (LON:LND) has intersected widespread gold mineralisation in the 900metre gap between the two existing deposits at BAM, part of the Junior Lake property in Ontario.

Among the highlights were multiple instances of visible gold.

READ: Landore Resources now funded to complete a preliminary economic assessment at BAM East and to take the resource up to a million ounces of gold

The BAM gold deposits remain open to the east, west and down dip, providing additional exploration potential to target for future drilling on Junior Lake.

Engineering consultants have been appointed to complete a resource estimate update at the conclusion of the current drilling programme, scheduled for the third quarter of this year.

The updated resource estimate will form the basis for a preliminary economic assessment due for completion in the first quarter of 2019.

"The success of the current drilling programme extends the mineralisation of the BAM gold deposits along strike, having the potential of significantly enlarging the size of the preliminary open pit,” said Landore chief executive Bill Humphries.

Quick facts: Landore Resources Ltd

Price: 1.15 GBX

Market: AIM
Market Cap: £20.69 m

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on 31/5/17

2 min read