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.
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