Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Landore lifted by latest drilling results at BAM East

Drilling on the BAM East gold project recommenced 1 April, focussing on the further delineation and extension of the defined resource together with targeting potential deposits on the highly prospective geophysical trend MM-7
Gold ore
Promising drilling results

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.

View full LND profile View Profile

Landore Resources Ltd. Timeline

Related Articles

October 02 2018
Caledonia remains on track to produce between 55,000 and 59,000 ounces of gold this year
September 26 2018
Pan African has now ceased operations at a troubled asset and is once more looking forward to growth
September 07 2018
Consolidation is ahead for junior miners due to the pressure on costs, says new CEO Tim Livesey

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use