Landore Resources Limited (LON:LND) has said the planned mineral resource estimate and report on the BAM Gold Deposit, Junior Lake Property, Ontario, in Canada is progressing well and is due to be completed and published in early January 2019.
In a brief statement, the AIM-listed miner said the report is currently being prepared by CUBE Consultants of Perth, Australia.
They added that the updated mineral resource estimate will be included in the Preliminary Economic Assessment for completion and release in February 2019.
Landore Resources – which is headquartered in Guernsey, with an exploration office located in Thunder Bay, Ontario - has mineral rights to five properties in eastern Canada.
Back at the end of October, Landore Resources’ boss Richard Prickett told Proactive Investors that the group 'couldn't be happier' following the completion of a summer drill programe at their Junior Lake project.
Prickett said exploration drilling about one kilometre to the east of the BAM gold deposit encountered “significant” gold mineralisation with grades up to 26.2 grams per tonne over a 1.02 metre section.