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

Report suggests additional exploration can expand known gold along the Junior Lake Shear Zone

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BAM East is part of Landore's polymetallic Junior Lake deposit

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 --

Quick facts: Landore Resources Ltd

Price: 0.68 GBX

AIM:LND
Market: AIM
Market Cap: £8.86 m
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Landore Resources confident of publishing PEA on its BAM gold project this month

Richard Prickett, finance director at Landore Resources Ltd (LON:LND), tells Proactive London's Andrew Scott they've completed the first phase of a detailed metallurgical assessment of the BAM gold deposit on the Junior Lake property in Ontario. Landore engaged Allard Engineering Services...

on 5/2/19

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