Landore Resources Ltd (LON:LND) says drilling at its newly discovered gold zone - the Bam East gold prospect at the Junior Lake project - has extended this exciting area.
In April, the group confirmed the zone as a "significant discovery" and said mineralisation of around 30 metres close to the surface could be developed as a low cost, bulk tonnage mine.
On June 30, Landore started a 3,500m drill programme to test the east, west and down dip extensions. Fifteen holes have been sunk and results received for the first four.
Results include one hole with 38.50 metres (m) at 3.42 grams/tonne (g/t) gold including 1.94m at 34.69g/t gold, 3m at 8.84g/t gold and 3m at 6.61g/t gold.
Ten of the 15 drill holes have multiple instances of visible gold up to 2 millimeters long occurring as singular pieces or in clusters contained in or adjacent to quartz veinlets, the firm said.
The prospect remains open along strike to the east and west and down dip, it added.
Landore said: "The mineralisation is open to the East and West and to current drill depth.
"Mineralisation is open to surface, below the overburden. The prospective area under consideration is also big enough to host other similar gold mineralisation or could host a much larger deposit.
"The gold is from sub-visible size to large, 2mm, pieces and is free gold and not thought to be encapsulated in sulphides or bound to sulphides."
"The style of mineralisation has many corollaries with similar commercial gold deposits in the Canadian Shield, noteworthy are those also in the Superior Province such as Kirkland Lake, Hollinger-McIntyre, Kerr-Adison and Sigma-Lamarque."