Landore Resources Ltd (LON:LND) has completed the first phase of a detailed metallurgical assessment of the BAM gold deposit on the Junior Lake property in Ontario.
Landore engaged Allard Engineering Services LLC of Tucson, Arizona, USA to undertake a programme designed to select a suitable process route for the BAM mineralised material.
READ: Landore Resources now funded to complete preliminary economic assessment at BAM East and to take the resource up to a million ounces of gold
The results show that 98% extraction of gold is achievable with conventional milling, grinding, gravity separation and cyanide leaching.
The results from the metallurgical studies will be incorporated into the Preliminary Economic Assessment scheduled for completion in February 2019.
"These outstanding metallurgical results, showing 98% recovery of gold using a simple conventional milling process, further supports our expectations that the rapidly growing BAM Gold deposit has the strong potential to become a producing mine in the near future," said chief executive Bill Humphries.