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Landore Resources commences new round of drilling at million ounce BAM gold desposit

Landore has an extensive portfolio of assets on the Junior Lake property

Landore Resources Ltd -

Landore Resources Ltd (LON:LND) has begun an autumn-winter drilling programme on the BAM gold deposit in Ontario, Canada.

The company will drill 14,000 metres aimed at further infilling and extending the defined resource of 1,015,000 ounces of gold, and to test the depth potential of the previously delineated mineralisation.

An extensive soil sampling programme, which commenced in July 2020, has been completed on the highly prospective areas along strike from the existing BAM gold deposit, infilling and extending the successful soil sampling campaign completed in 2019. A total of 1,015 samples with controls have been submitted to the laboratory for analysis with the final results and report expected in November 2020.

Landore is fully funded for the planned works

The BAM gold deposit is located approximately mid-way along a highly prospective Archean greenstone belt which traverses Landore’s Junior Lake property from east to west for approximately 31 kilometres.

Quick facts: Landore Resources Ltd

Price: 20.35 GBX

AIM:LND
Market: AIM
Market Cap: £18.46 m
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Landore boosted by latest Junior Lake results

The CEO of AIM-listed Landore Resources (LON:LND), Richard Prickett, has described as "hugely positive" the discovery of what could be significant deposits of nickel at its Junior Lake project in Ontario, Canada.

on 04/24/2014

2 min read