http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Sun, 27 May 2018 01:58:11 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Landore Resources commences drilling at BAM East gold deposit ]]> http://www.proactiveinvestors.co.uk/companies/news/195831/landore-resources-commences-drilling-at-bam-east-gold-deposit-195831.html Landore Resources Ltd (LON:LND) said it has begun drilling at its BAM East gold deposit at the Junior Lake property in Ontario, Canada.

The AIM-listed precious metals explorer said a total of 12,000 metres of NQ and HQ diamond core drilling is planned to complete during the spring and summer of 2018, focusing on further delineation and an extension of the 400,000 ounce gold resource as reported.

READ: Landore has 'excellent exploration potential' at BAM East gold deposit, suggests independent report

Landore added that previous drilling has outlined gold mineralisation at the BAM East and BAM Gold deposits, but the area between the two, approximately 860 metres in length, was largely untested. 

The firm said in-fill drilling had the potential to expand, and possibly connect, the two areas and establish additional mineral resources.  The deposits remain open down dip, providing additional exploration potential to target for future drill programmes on Junior Lake.

The commencement of drilling followed an independent report on April 11, which indicated ‘excellent potential’ for the size of the BAM East gold deposit to be expanded.

In early morning trading, Landore shares were steady at 1.46p.

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Thu, 26 Apr 2018 08:35:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/195831/landore-resources-commences-drilling-at-bam-east-gold-deposit-195831.html
<![CDATA[RNS press release - Update on BAM East Gold Deposit ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180426070003_13618992/ Thu, 26 Apr 2018 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180426070003_13618992/ <![CDATA[News - Landore has 'excellent exploration potential' at BAM East gold deposit, suggests independent report ]]> http://www.proactiveinvestors.co.uk/companies/news/194709/landore-has-excellent-exploration-potential-at-bam-east-gold-deposit-suggests-independent-report-194709.html An independent technical report to accompany the recent drilling at Landore Resources Limited’s (LON:LND) BAM East gold deposit has indicated 'excellent potential' to expand the size of the resource.

Roscoe Postle Associates said there was potential to expand the limits of the deposit at BAM East and to discover zones of additional gold mineralisation along the Junior Lake Shear Zone.

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

Current drilling has outlined gold mineralisation at BAM East and the BAM Gold Deposit, located on Landore’s Junior Lake prospect in Ontario, but the area in between remains largely untested, said the report. 

In-fill drilling has the potential to expand, and possibly connect, these two areas and establish additional mineral resources.  

The BAM East gold deposit remains open down dip, providing additional exploration potential to target in future drill programmes on Junior Lake, added Roscoe Postle.

Last year's drilling resulted in a Canadian-standard resource of 400,000 ounces of gold comprised of 326,000oz indicated and 74,000oz inferred.

In late afternoon trading, Landore Resources' shares were 7.4% higher at 1.45p.

 -- Adds share price --

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Wed, 11 Apr 2018 07:35:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/194709/landore-has-excellent-exploration-potential-at-bam-east-gold-deposit-suggests-independent-report-194709.html
<![CDATA[RNS press release - Mineral Resources Estimates, Junior Lake ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180411070002_13599496/ Wed, 11 Apr 2018 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180411070002_13599496/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180410164501_13599314/ Tue, 10 Apr 2018 16:45:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180410164501_13599314/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180410163008_13599281/ Tue, 10 Apr 2018 16:30:08 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180410163008_13599281/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180410150002_13599150/ Tue, 10 Apr 2018 15:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180410150002_13599150/ <![CDATA[News - 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 ]]> http://www.proactiveinvestors.co.uk/companies/news/194246/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-194246.html Over the past few years Landore Resources Ltd (LON:LND) has been steadily building up a comprehensive body of data on the mineralisation on its ground at Junior Lake in Ontario, Canada. This mineralisation is varied and diverse, and includes in separate and overlaying parts of Junior Lake gold, copper, nickel, several platinum group elements, and cobalt.

Experienced management team

This highly prospective ground is in safe hands with Richard Prickett and Bill Humphries, two veterans of the resources sector who enjoyed considerable success in the early part of the last decade with the creation and sale of Brancote Resources. Both were also key figures at Patagonia Gold.

Gold resource at BAM East

The BAM East gold deposit on Junior Lake is a relatively new discovery, but Landore has nonetheless made great strides with it in a short time. Already the NI 43-101 resource amounts to 400,000 ounces of open-pittable gold grading 1.37 grams per tonne. Currently the deposit remains open along strike, down dip and to the east and west, so there’s plenty more potential.

What’s more, metallurgical testwork has indicated that gold recoveries are likely to run at between 97% and 99%, which is very high, and is likely to make for a very efficient operation.

Landore’s aspiration is that this project can be developed at a low capital cost, and that operating costs will be in the lowest quartile in the industry.

The plan for 2018 is to boost the resource base to over a million ounces of gold

Nickel, platinum and other metals at B4-7

In addition to the BAM East project, Landore has undertaken significant work on the B4-7 deposit, which also lies on the Junior Lake property.

At the last count, the resource at B4-7 amounted to 3,292,000 tonnes of ore grading 1.2% nickel equivalent in the indicated category, with an additional 568,000 tonnes grading 1.26% inferred. That works out at a total of 46,661 tonnes of contained metal, with more than 21,000 tonnes of that available in a conceptual open pit.

The deposit remains open along strike and at depth, and a new exploration target has been identified down dip which may contain as much as between 1.5mln tonnes and 2mln tonnes of new ore.

“We are very pleased with the significant increase in the B4-7 Deposit resource and its potential for continued growth,” says Bill Humphries.

“The burgeoning world prices of all of the B4-7 deposit's contained metals, nickel-copper-cobalt-platinum-palladium and gold, together with the deposit's proximity to the BAM East gold deposit with obvious development synergies, has further highlighted the prospectivity of the Junior Lake Property.  

He added that for now at least, BAM East will remain the priority.

New funding in place to support extensive development work

In early April 2018, Landore shareholders approved Landore’s conditional raising of £3.15mln via a placing and subscription of shares and associated warrants.

The money raised will allow Landore to undertake a 12,000 metre drilling campaign at BAM East designed to bring the deposit up to the million ounce mark. It will also enable the company to complete a preliminary economic assessment on the project.

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Wed, 04 Apr 2018 13:03:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/194246/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-194246.html
<![CDATA[RNS press release - Result of Extraordinary General Meeting ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180403114850_13589505/ Tue, 03 Apr 2018 11:48:50 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180403114850_13589505/ <![CDATA[RNS press release - Appointment of broker ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180316144501_13570589/ Fri, 16 Mar 2018 14:45:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180316144501_13570589/ <![CDATA[News - Landore Resources raises £3.15mln through placing and subscription to complete 12,000m drilling programme at BAM East Gold deposit ]]> http://www.proactiveinvestors.co.uk/companies/news/193313/landore-resources-raises-315mln-through-placing-and-subscription-to-complete-12000m-drilling-programme-at-bam-east-gold-deposit-193313.html Landore Resources Limited (LON:LND) has raised gross proceeds of £3.15mln through a placing and subscription of 210mln new ordinary shares at a price of 1.5p each, around a 13% discount to Thursday's closing share price.

The AIM-listed firm said the net proceeds of the fundraising will allow it to complete a 12,000 metre drilling programme aimed at advancing the existing BAM East Gold deposit to a 1mln ounce gold resource and completion of technical and preliminary economic assessment.

READ: Landore boosts nickel resource at B4-7 by 43% to 46,661 tonnes of contained metal

The group added that the placing, with new and existing institutional investors, includes the issue of 210mln warrants and the new shares represent, in aggregate, approximately 20.1% of the company's enlarged issued ordinary share capital.

It said a total of 196mln new ordinary shares were placed with institutional investors and a total of 14mln were subscribed for by certain existing investors.

Landore Resources also announced today that Cenkos Securities PLC has been appointed as broker to the company with immediate effect.

In late afternoon trading, Landore shares were trading at 1.65p, down 4.4%.

 -- Adds new broker appointment; updates share price --

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Fri, 16 Mar 2018 13:35:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/193313/landore-resources-raises-315mln-through-placing-and-subscription-to-complete-12000m-drilling-programme-at-bam-east-gold-deposit-193313.html
<![CDATA[RNS press release - £3.15 million Fundraising ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180316130001_13570408/ Fri, 16 Mar 2018 13:00:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180316130001_13570408/ <![CDATA[RNS press release - New Corporate Presentation ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180207070002_13523991/ Wed, 07 Feb 2018 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180207070002_13523991/ <![CDATA[News - Landore boosts nickel resource at B4-7 by 43% to 46,661 tonnes of contained metal ]]> http://www.proactiveinvestors.co.uk/companies/news/191136/landore-boosts-nickel-resource-at-b4-7-by-43-to-46661-tonnes-of-contained-metal-191136.html The total resource at the B4-7 nickel-copper-cobalt deposit of Landore Resources Ltd (LON:LND) now amounts to 3,292,000 tonnes at 1.20% nickel equivalent in the indicated category and 568,000 tonnes at 1.26% nickel equivalent inferred.

Total contained metal rings in at 46,661. 

READ: Landore Resources ups mineral resource estimate for BAM East Gold Deposit to 400,000 ounces

That’s an increase of 43% since the resource was last calculated back in 2012.

What’s more, the open pit component of B4-7 has doubled to 1,772,000 tonnes at 1.20% nickel equivalent in the indicated category, for 21,264 tonnes of contained metal.

Drilling has extended the B4-7 Deposit an additional 200 metres to a strike length of 900 metres and a depth of 550 metres, and the mineralisation remains open along strike and at depth.

A new exploration target has been identified down dip, which may contain further significant potential.

READ: Landore Resources eyes Toronto listing

“We are very pleased with the significant increase in the B4-7 Deposit resource and its potential for continued growth,” said Landore chairman Bill Humphries.

“The burgeoning world prices of all of the B4-7 Deposit's contained metals, nickel-copper-cobalt-platinum-palladium and gold, together with the deposit's proximity to the BAM East gold deposit with obvious development synergies, has further highlighted the prospectivity of the Junior Lake Property.”  

 

 

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Mon, 05 Feb 2018 09:02:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/191136/landore-boosts-nickel-resource-at-b4-7-by-43-to-46661-tonnes-of-contained-metal-191136.html
<![CDATA[RNS press release - Updated Mineral Resource Estimate ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180205070004_13520827/ Mon, 05 Feb 2018 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20180205070004_13520827/ <![CDATA[RNS press release - Award of Share Options ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171222070004_13475259/ Fri, 22 Dec 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171222070004_13475259/ <![CDATA[News - Landore Resources ups mineral resource estimate for BAM East Gold Deposit to 400,000 ounces ]]> http://www.proactiveinvestors.co.uk/companies/news/188566/landore-resources-ups-mineral-resource-estimate-for-bam-east-gold-deposit-to-400000-ounces-188566.html Landore Resources Limited (LON:LND) has increased the mineral resource estimate for the BAM East Gold Deposit on its Junior Lake Property, Ontario, Canada to 400,000 ounces of gold at 1.37 grams/tonne (g/t) of which 326,000 ounces gold is in the Indicated category.         

In a statement, the AIM-listed firm said its summer drill campaign successfully infilled much of the Inferred portion of the existing mineral resource and has extended the defined resource length from 700 metres to approximately 1,100 metres and from surface to 350 metres depth.

READ: Landore Resources eyes Toronto listing

It added that the BAM East Gold Deposit remains open along strike to the east, west, and down dip.

Landore said metallurgical testing completed to-date yields between 97% and 99% combined gold recovery by gravity concentration followed by cyanidation leach extraction of the gravity tail.

Leach kinetics were rapid with most of the gold extraction completed within 2 to 6 hours.

The BAM East Gold Deposit is located approximately mid-way along the 31 kilometre corridor traversing Landore Resource's Junior Lake Property from east to west of favourable greenstone belt hosting multiple known gold occurrences including the Lamaune Gold Prospect.

Season’s drilling campaign “has been extremely successful”

Bill Humphries, Landore’s chief executive officer commented: "We are delighted with the rapid growth of the BAM East Gold Resource, all potentially extractable by low cost open pit mining method which together with the exceptional metallurgical results reporting up to 99% recovery of gold, further enhances this exciting project and supports our high expectations that it can be developed with low capex/opex costs amongst the lowest quartile of gold mining producers.”

He added: “This seasons drilling campaign has been extremely successful in both increasing the size of the resource and improving the confidence level. In addition exploration has established numerous targets along trend that with drilling have the potential to become additional resources.”

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Mon, 11 Dec 2017 08:09:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188566/landore-resources-ups-mineral-resource-estimate-for-bam-east-gold-deposit-to-400000-ounces-188566.html
<![CDATA[RNS press release - Updated Mineral Resource Estimate - BAM East ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171211070517_13460086/ Mon, 11 Dec 2017 07:05:17 +0000 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171211070517_13460086/ <![CDATA[News - Landore Resources eyes Toronto listing ]]> http://www.proactiveinvestors.co.uk/companies/news/186785/landore-resources-eyes-toronto-listing-186785.html Landore Resources Ltd (LON:LND) is considering a secondary listing on the Toronto Stock Exchange, either the TSX or the TSX Venture exchange.

Landore's acquisition of the contiguous Lamaune property has significantly increased the size of its Junior Lake property in Ontario.

READ: Landore gets BAM for buck at Junior Lake with gold option

A secondary listing in Toronto would, in the view of the Landore directors, prove beneficial to advance Landore’s significant mineral discoveries on the Junior Lake property.

To support any application to the TSX, Landore will be required to submit an updated NI 43-101 technical report on Junior Lake to include all of the previously reported mineral resource estimates as well as the BAM East Gold Deposit. 

As previously announced, Landore has engaged Roscoe Postle Associates of Toronto, Canada to complete the Landore Junior Lake technical report, which is scheduled to be finalised during Q4 2017.

READ: Landore Resources demonstrates exceptional recoveries from core at BAM East

The technical report will include resource upgrades for the BAM East gold deposit; the B4-7 polymetallic deposit; and the VW nickel-copper-cobalt deposit.

The three deposits, BAM Gold, B4-7 and VW are all located within three kilometres of each other, providing significant cost saving synergies for their development either together or in sequence, Landore said.

Shares in Landore were up 2.6% at 1.95p in early trading.

More to follow …

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Mon, 06 Nov 2017 08:28:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/186785/landore-resources-eyes-toronto-listing-186785.html
<![CDATA[RNS press release - Junior Lake and Lamaune Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171106070003_13420717/ Mon, 06 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171106070003_13420717/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171030140318_13413447/ Mon, 30 Oct 2017 14:03:18 +0000 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171030140318_13413447/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171026080001_13409745/ Thu, 26 Oct 2017 08:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171026080001_13409745/ <![CDATA[News - Landore Resources raises £1mln through a share subscription of 50,000,000 at a price of 2.0p each ]]> http://www.proactiveinvestors.co.uk/companies/news/185847/landore-resources-raises-1mln-through-a-share-subscription-of-50000000-at-a-price-of-20p-each-185847.html Landore Resources Limited (LON:LND) has raised gross proceeds of £1mln through a subscription of 50,000,000 new ordinary shares at a price of 2.0p each.

The subscription price represents a premium of approximately 3.9% to last night’s closing middle market price of 1.93p per ordinary share.

READ: Landore Resources demonstrates exceptional recoveries from core at BAM East

In a brief statement, the Canada-focused miner said the monies raised will be used by the company to finance working capital and exploration expenditure.

Landore said three of its directors - William Humphries, Richard Pricket, and Helen Green - will see their disclosable interests in the firm rise after taking part in the subscription.

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Thu, 19 Oct 2017 07:35:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185847/landore-resources-raises-1mln-through-a-share-subscription-of-50000000-at-a-price-of-20p-each-185847.html
<![CDATA[RNS press release - Landore Resources raises £1 million ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171019070003_13401601/ Thu, 19 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171019070003_13401601/ <![CDATA[RNS press release - Result of Lamaune Special Meeting ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171011114707_13393408/ Wed, 11 Oct 2017 11:47:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171011114707_13393408/ <![CDATA[News - Landore Resources demonstrates exceptional recoveries from core at BAM East ]]> http://www.proactiveinvestors.co.uk/companies/news/185243/landore-resources-demonstrates-exceptional-recoveries-from-core-at-bam-east-185243.html Landore Resources Limited (LON:LND) has revealed that gold recoveries from composites sent for testing from its BAM East discovery in Ontario have been highly encouraging.

Combined gold recovery by gravity concentration followed by cyanidation leach extraction of the gravity tail averaged between 97 and 99 % for both composites tested.

READ: Landore Resources highlights further exploration potential

Leach kinetics were rapid with most of the gold extraction completed within 2-to-6 hours.

Both composites recorded very low reagent consumptions: sodium  cyanide at less than 0.1 kg/tonne feed, with lime consumptions approximately 0.3 kg/tonne feed.

READ: Landore identifies new potential gold resource at BAM gold project, and will keep drilling

"These exceptional results, showing up to 99% recovery of gold using a simple combined gravity/leaching process, further enhance the exciting BAM East Gold Deposit and supports our high expectations that it can be developed with low capex/opex costs amongst the lowest quartile of gold mining producers,” said chief executive Bill Humphries"

 

 

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Mon, 09 Oct 2017 08:11:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185243/landore-resources-demonstrates-exceptional-recoveries-from-core-at-bam-east-185243.html
<![CDATA[RNS press release - Update on BAM East Gold Deposit ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171009070003_13389497/ Mon, 09 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171009070003_13389497/ <![CDATA[News - Landore Resources up as it continues to hit gold mineralisation at BAM East deposit ]]> http://www.proactiveinvestors.co.uk/companies/news/185034/landore-resources-up-as-it-continues-to-hit-gold-mineralisation-at-bam-east-deposit-185034.html Landore Resources Ltd (LON:LND) shares rose today after revealing that it has received its final assay results from its summer drill programme and they confirm that the company continued to hit wide zones of gold mineralisation.

The mineralisation was encountered within the inferred resource area of the BAM East gold deposit at the Junior Lake Property, in Ontario.

READ: Landore Resources highlights further exploration potential

At the same time, drilling step-out has extended mineralisation to the east and the company highlighted that it remains open along strike in that direction as well as down dip.

Landore noted that a total of 78 kilograms of samples from the BAM East deposit were sent for metallurgical analysis.

Field programmes are meanwhile continuing with teams of geologists working to identify targets for the next drill campaign, the company said in a statement.

READ: Landore Resources to take 90% of Lamaune Iron in debt settlement deal

In afternoon trading, Landore shares were 11.8%, or 0.23p higher at 2.13p each.

 -- Updates share price --

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Wed, 04 Oct 2017 09:04:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185034/landore-resources-up-as-it-continues-to-hit-gold-mineralisation-at-bam-east-deposit-185034.html
<![CDATA[RNS press release - Update on BAM East Gold Project ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171004070003_13384987/ Wed, 04 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20171004070003_13384987/ <![CDATA[News - Landore Resources highlights further exploration potential ]]> http://www.proactiveinvestors.co.uk/companies/news/184663/landore-resources-highlights-further-exploration-potential-184663.html Landore Resources Ltd (LON:LND) struck a confident tone in its half yearly results statement as it looked to further exploration potential around its BAM East gold project, in eastern Canada.

The explorer highlighted the rapid delineation of BAM East in the twelve month period following the discovery and its highly successful summer drilling programme, saying that the findings bode well for the possibility of finding and delineating similar open pit gold deposits.

It now plans to start new drill programmes to test extensions of BAM, once the company has received a new resource assessment in fourth quarter of the year.

“Indications are that the BAM East Gold deposit and adjacent areas have potential for substantial growth,” the company said.

In terms of its financial results, the pre-revenue explorer reported a £1.75mln loss with exploration cost stated at £1.32mln.

Landore raised £2.02mln during the reporting period, and it ended the six months with £618,924 of cash and equivalents.

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Wed, 27 Sep 2017 09:13:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184663/landore-resources-highlights-further-exploration-potential-184663.html
<![CDATA[RNS press release - Interim Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170927070005_13376426/ Wed, 27 Sep 2017 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170927070005_13376426/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170921160001_13371521/ Thu, 21 Sep 2017 16:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170921160001_13371521/ <![CDATA[News - Landore identifies new potential gold resource at BAM gold project, and will keep drilling ]]> http://www.proactiveinvestors.co.uk/companies/news/184125/landore-identifies-new-potential-gold-resource-at-bam-gold-project-and-will-keep-drilling-184125.html Drilling by Landore Resources LTD (LON:LND) on the original BAM Zone at its prolific Junior Lake project in Canada has identified a potential resource with similar lithology and grades to the BAM East Gold Deposit 1,000 metres along strike to the east, which is already known to contain 301,000 ounces of gold.

The original BAM Zone mineralisation remains open along strike to the east, west and down dip.

READ: Landore Resources to take 90% of Lamaune Iron in debt settlement deal

All-in, step out drilling along strike from BAM East has extended the mineralisation with similar lithology and grades 100 metres west and 500 metres to the east giving a potential resource continuity of 1.2 kilometres.

The BAM East Gold mineralisation remains open along strike to the east, west and down dip.

A follow up drill programme is now being planned to commence in winter 2017. The idea is to extending the drill pattern to the east and down dip to the vicinity of a highly promising geological SE/NW fault.

READ: Landore gets BAM for buck at Junior Lake with gold option

 

 

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Mon, 18 Sep 2017 08:24:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184125/landore-identifies-new-potential-gold-resource-at-bam-gold-project-and-will-keep-drilling-184125.html
<![CDATA[RNS press release - Update on BAM East Gold Project ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170918070002_13365278/ Mon, 18 Sep 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170918070002_13365278/ <![CDATA[News - Landore Resources to take 90% of Lamaune Iron in debt settlement deal ]]> http://www.proactiveinvestors.co.uk/companies/news/183893/landore-resources-to-take-90-of-lamaune-iron-in-debt-settlement-deal-183893.html Landore Resources Ltd (LON:LND) told investors it has entered into a debt settlement agreement in Canada with Lamaune Iron Inc.

The deal sees Landore will receive more than 576mln new shares in Lamaune in full satisfaction of the loan provided by Landore. It will mean that Landore will own just over 90% of Lamaune.

Landore, which back in 2011 demerged assets into Lamaune, said it believes it is in the best interests of shareholders to remerge Lamaune in order for the company to continue exploration across a greenstone belt that traverses the Landore-Lamaune properties.

READ: Landore gets BAM for buck at Junior Lake with gold option

The potential of these areas was highlighted by successful discovery of the BAM East Gold deposit in 2015, Landore highlighted.

It added that a review conducted after the BAM East find concluded that several prospects, including the Lamaune gold deposit, were similar in geology and mineralisation to the new discovery.

The debt settlement deal is deemed to be a related party transaction, as Bill Humphries and Richard Prickett are directors of both Landore and Lamaune.

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Wed, 13 Sep 2017 08:14:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/183893/landore-resources-to-take-90-of-lamaune-iron-in-debt-settlement-deal-183893.html
<![CDATA[RNS press release - Debt Settlement Agreement with Lamaune Iron Inc. ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170913070003_13360651/ Wed, 13 Sep 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170913070003_13360651/ <![CDATA[News - Landore gets BAM for buck at Junior Lake with gold option ]]> http://www.proactiveinvestors.co.uk/companies/news/172047/landore-gets-bam-for-buck-at-junior-lake-with-gold-option-172047.html For many years, it’s been all about the nickel for Landore Resources Limited (LON:LND).

The company has made great strides at two major deposits at Junior Lake in Ontario, to the extent that Bill Humphries, Landore’s chief executive, reckons they will be ready for a development decision this year.

Much depends on the nickel price though.

In recent years nickel has been very weak and the current price of around U$9,700 per tonne, while above last year, is still well below its best.

Humphries takes the view that renewed strength is likely within the next couple of years and remains upbeat that the US$13,000 to US$14,000 per tonne level that it would take to make the two Junior Lake deposits really pay their way isn’t that far off.

In the meantime events at Junior Lake have taken an unexpected, but welcome, turn.

In the final round of the most recent drilling campaign at the B4-7 nickel deposit, a geophysical target two kilometres east of the known mineralisation was tested, with the idea that it might turn up more nickel showings.

Instead, what turned up was gold.

Gold adds some glister

This isn’t altogether surprising, as Humphries explains.

“Junior Lake is a polymetallic property.

“We’ve been concentrating on copper and nickel for some time, and we’ve been dedicated to advancing the nickel projects, but in the meantime, as we’ve been drilling on the greenstone we’ve frequently hit gold and sometimes at quite high grade.”

Indeed, at the Lamaune deposit, which was subsequently spun out of the company, Landore hit as much as 130 grams per tonne gold; elsewhere at Junior Lake intersects running as high as 35 grams have been reported over the years.

What made this different was the potential scale.

For a start, this intersection runs across more than 30 metres and grades just over 1 gram per tonne.

Not bonanza grades, maybe, but across that kind of width, certainly attractive enough to consider a bulk mining scenario.

There were also higher grade sections within that wider intersect, including 3.7 metres at 4.21 grams.

So far so good

Bill Humphries is under no illusions as to the significance of the discovery at BAM East.

It’s not just his own long-years of experience in the mining industry, and in particular as one of the founders of Brancote Resources, one of the Aim market’s first great mining success stories.

It’s also that other parties are beginning to show an interest in BAM too.

“We’ve got a lot of people talking to us,” he says. “After we finished the first round of drilling we had people calling straight away.”

There are many reasons for that. The first, straightforwardly enough, are the grades and widths.

The initial announcement of the gold mineralisation at BAM East was certainly a head turner: 40.75 metres at 1.82 grams per tonne gold, with two higher grade sections of 2.25 metres at 10.28 grams per tonne and 3 metres at 5.74 grams.

When drilling resumed later in the summer, Landore then hit 38.5 metres at 3.42 grams per tonne, with additional higher grade intercepts.

By early September the company was reporting multiple instances of visible gold and more lengthy intercepts as the outcome of the summer campaign.

Drilling in 2017 has also provided encouragement. 

READ Landore Resources eyes larger gold area at BAM East after latest drilling results READ Landore lifted by latest drilling results at BAM East

Meanwhile, field exploration on Junior Lake is set to commence on 3 August, concentrating on the Archaean greenstone belt that traverses the property from east to west over 19 kilometres and which hosts the BAM East gold deposit.

Simple process

“It’s such a simple occurrence. This will be very easy to fast-track, because we’ve done all the work we need to move forward for the nickel lease.

"We’ve got permits to construct and we’ve got very supportive First Nations. We’ve done water studies, we’ve done wildlife, fishing – all of those.”

Recent news seems to back up his confidence.

Metallurgical testwork showed combined gold recovery by gravity concentration followed by cyanidation leach extraction of the gravity tail averaged about 98%.

Shore Capital said the results from preliminary metallurgical test work at the BAM East Gold prospect in Canada were “very positive”.

What’s more, when the nickel price finally does move off its current lows, the economies of scale will suddenly become plain for both projects.

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Thu, 27 Jul 2017 13:58:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/172047/landore-gets-bam-for-buck-at-junior-lake-with-gold-option-172047.html
<![CDATA[News - Landore lifted by latest drilling results at BAM East ]]> http://www.proactiveinvestors.co.uk/companies/news/181551/landore-lifted-by-latest-drilling-results-at-bam-east-181551.html The Landore Resources Ltd (LON:LND) drilling team can put their feet up for a bit after completing the spring/summer programme at BAM East.

The team drilled 65 holes, boring through 11,060 metres, completing the programme on time and within budget.

The drilling successfully filled in the inferred portion of the BAM East gold deposit on the Junior Lake property in Ontario and extended it to the east and west for a total length of 1,000 metres. The deposit remains open along strike to the east and west and down-dip, Landore said.

READ: Landore Resources eyes larger gold area at BAM East after latest drilling results

Field exploration on Junior Lake is set to commence on 3 August, concentrating on the Archaean greenstone belt that traverses the property from east to west over 19 kilometres and which hosts the BAM East gold deposit.

Three Geological teams supported by a geophysics contractor will be engaged on this programme.

Drilling results not previously reported included the following highlights:

Hole 0417-597: 8.23 metres at 1.93 grams per tonne (g/t), including 4.00 metres at 3.34 g/t Hole 0417-616: 11.28 metres at 2.14 g/t, including 2.32 metres at 8.85 g/t Hole 0417-576: 7.00 metres at 1.11 g/t, including 5.37 metres at 5.37 g/t and 1.37 metres at 9.93 g/t Hole 0417-579: 7.00 metres at 1.99 g/t, including 1.00 metre at 12.35 g/t and 1.00 metre at 37.40 g/t Hole 0417-584: 4.30 metres at 0.76 g/t, including 1.00 metre at 8.03 g/t

The shares rose 2% to 2.75p on the drilling report.

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Thu, 27 Jul 2017 08:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/181551/landore-lifted-by-latest-drilling-results-at-bam-east-181551.html
<![CDATA[RNS press release - Update on BAM East Gold Project ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170727070004_13308908/ Thu, 27 Jul 2017 07:00:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170727070004_13308908/ <![CDATA[RNS press release - Award of Share Options ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170705110038_13284729/ Wed, 05 Jul 2017 11:00:38 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170705110038_13284729/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170703121458_13281746/ Mon, 03 Jul 2017 12:14:58 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170703121458_13281746/ <![CDATA[News - Landore Resources eyes larger gold area at BAM East after latest drilling results ]]> http://www.proactiveinvestors.co.uk/companies/news/179955/ Landore Resources Limited (LON:LND) has hit more wide intevals of gold from drilling at BAM East in Ontario, Canada.

One hole saw a width of 18.79m at 3.65 grams per tonne gold (g/t) with others showing 12.25 g/t gold and at 5.08 g/t over narrower intervals.

BAM East’s Central Zone has now been confirmed over 1,000 metres of strike length and remains open down dip, to the east and to the west along strike.

Drilling has also confirmed the BAM East Gold lithology over 2,550m of strike length along the highly prospective east-southeast to west-northwest trending MaxMin geophysical anomaly (MM-7).

Bill Humphries, chief executive, added that a review of all previously discovered gold occurrences along the 30km, east to west greenstone belt that crosses Landore's flagship Junior Lake and the neighbouring Lamaune Iron properties indicates similar geology to BAM East.

An extensive exploration and geophysics campaign will be carried out along this trend once the current drilling programme is complete.

So far, the Spring/Summer campaign has seen 9,920m drilled.

Humphries said this drilling campaign was steadily advancing the Inferred resource to Indicated Category together with extending the delineated resource to the east and west to 1,000 metres in length.

“Indications are that the BAM East Gold deposit has the potential for substantial growth.”

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Wed, 28 Jun 2017 08:15:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/179955/
<![CDATA[RNS press release - Update on BAM East Gold Project ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170628070002_13275288/ Wed, 28 Jun 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170628070002_13275288/ <![CDATA[Media files - Landore Resources pushing BAM East development 'as quickly as they can' ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/7553/landore-resources-pushing-bam-east-development-as-quickly-as-they-can--7553.html Wed, 31 May 2017 10:58:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7553/landore-resources-pushing-bam-east-development-as-quickly-as-they-can--7553.html <![CDATA[News - Landore set for another busy year of drilling ]]> http://www.proactiveinvestors.co.uk/companies/news/178554/landore-set-for-another-busy-year-of-drilling-178554.html Pre-revenue mineral exploration company Landore Resources Limited (LON:LND) has another busy work programme lined up this year.

In a statement covering its 2016 results, the company said its work programme for 2017 would be aimed at expanding the existing resource, discovering further gold deposits along the Junior Lake Shear, progressing the BAM East gold project towards development and the initiation of a pre-feasibility study by the end of the year.

Drilling on the BAM East gold deposit recommenced on 1 April, with a total of 12,000 metres of drilling planned during this spring and summer.

WATCH: Landore Resources pushing BAM East development 'as quickly as they can'

One drill is currently focussed on further delineation of the deposit, with a second drill scheduled to commence exploration drilling along the highly prospective structural trend which hosts the BAM East Gold Deposit.

To date, 12 drill-holes have been completed in the Central Zone; initial results are encouraging and further results are pending, Landore said.

As the company is still in the exploration stage, the profit & loss numbers are not especially meaningful, but for the record, exploration costs rose last year to £1.13mln from £859,302 the year before.

The increase was largely responsible for a deepening of the loss to £1.72mln from £1.54mln.

Cash and cash equivalents at the end of the year stood at £148,532, compared to £368,475 at the end of 2015.

In a note to clients, Shore Capital analysts, Yuen Low said: “A very quick skim of the 2016 results revealed no surprises of note.

“The financials were essentially academic, having been overtaken by post-period events – notably, £2.1m has been raised in 2017 so far.

“However, this means that the company still needs to raise c.£1.0m  to fund on-going operations this year, and a further £0.24m for administrative expenses in H1 2017.”

In late morning trading, Landore shares were 0.2p lower at 2.85p.

 -- Adds broker comment, share price, video link --

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Wed, 31 May 2017 09:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/178554/landore-set-for-another-busy-year-of-drilling-178554.html
<![CDATA[RNS press release - Final Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170531070004_13243135/ Wed, 31 May 2017 07:00:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170531070004_13243135/ <![CDATA[News - Landore Resources buoyed by evidence of 'widespread' gold at BAM East ]]> http://www.proactiveinvestors.co.uk/companies/news/177912/landore-resources-buoyed-by-evidence-of-widespread-gold-at-bam-east-177912.html Landore Resources Limited (LON:LND)  has found ‘widespread mineralisation’ through its latest drilling campaign at BAM East at its Junior Lake deposit in Ontario.

Exploration on the inferred section contained multiple instances of visible gold in the drill-core, the compnay said.

The BAM East deposit has now been confirmed over 700 metres of strike length and remains open down dip, to the east and to the west along strike, Landore said.

Originally drilling at Junior Lake focused on nickel but high grade discoveries last year at BAM East has seen Landore change tack and look for gold with the intention of upgrading the existing inferred resource.

Assays for four holes out of a total of twelve drilled so far have come back. The summer programme will total 12,000m with 3,300m completed.

Best of the grades were high grade sections of 12.45 g/t over 0.7m at a depth of 180m and 10.15 g/t over 0.5m at 230m down. Over greater widths, Landore reported 1.39 g.t over 27.6m and 1.09 g/t over 21.5m.

Shares rose 11% to 3.38p.

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Wed, 17 May 2017 09:06:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/177912/landore-resources-buoyed-by-evidence-of-widespread-gold-at-bam-east-177912.html
<![CDATA[RNS press release - Update on BAM East Gold Project ]]> http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170517070006_13228057/ Wed, 17 May 2017 07:00:06 +0100 http://www.proactiveinvestors.co.uk/companies/rns/552/LSE20170517070006_13228057/ <![CDATA[News - Landore Resources restarts drilling at BAM East gold discovery ]]> http://www.proactiveinvestors.co.uk/companies/news/176140/landore-resources-restarts-drilling-at-bam-east-gold-discovery-176140.html Landore Resources Ltd (LON:LND) said drilling had started again on its BAM East gold discovery in Ontario, part of the Junior Lake property.

The work started on April 1 and 12,000 metres are planned this spring and summer.

One rig is focused on further delineation, with a second scheduled to start exploration along the highly prospective structural trend which hosts the deposit.

One hole, for 282 metres, was completed in the Central Zone revealing the same lithology's hosting the gold mineralisation.

In February, Landore announced  a 301,000 ounce maiden gold resource for BAM East after a lightning quick discovery process and series of drill campaigns.

On April 4, the firm was presented with the "Bernie Schneiders Discovery of the Year Award" by the Northwestern Ontario prospectors association.

Chief executive Bill Humphries said the province contained several of the world's larger gold producing mining camps including Red Lake and Pickle Lake.

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Fri, 07 Apr 2017 04:03:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/176140/landore-resources-restarts-drilling-at-bam-east-gold-discovery-176140.html
<![CDATA[News - Landore raises £2mln through subscription ]]> http://www.proactiveinvestors.co.uk/companies/news/174190/landore-raises-2mln-through-subscription-174190.html Landore Resources Ltd. (LON:LND) has raised £2mln through a share subscription which it will use to further develop its BAM East gold deposit in Ontario.

The metals explorer issued 74.1mln shares at 2.9p each, a less than 7.5% discount to yesterday’s closing price.

Specifically, the cash influx will go towards financing further drilling and exploration at BAM East, as well as to top up the company’s coffers.

The fundraise was smaller than the £3mln to £4.5mln Landore had initially said it was going to raise when it announced a 301,000oz maiden gold resource for BAM, last month.

After talks with existing and potential shareholders, the company concluded that a smaller raise at the current time would best maximise value for all concerned.

Chief executive Bill Humphries, finance director Richard Prickett and non-exec Helen Green all took part in the subscription as well.

Shares closed at 2.9p on Thursday.

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Fri, 03 Mar 2017 07:56:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/174190/landore-raises-2mln-through-subscription-174190.html