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Landore Resources up as it continues to hit gold mineralisation at BAM East deposit

The explorer has now received the final batch of results from the last drill campaign, and its geologists are in the field looking for more new targets
Gold and dollars
Landore shares rose more than 15%

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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Landore Resources Ltd. Timeline

Article
November 06 2017

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