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Landore Resource pushing on with exploration at BAM

A preliminary economic assessment in February valued the BAM project at US$69.2mln
Resource currently is 951,000 oz

Gold explorer Landore Resources Limited (LON:LND) expects the ongoing drilling programme at BAM to establish its Junior Lake property as a multi-million-ounce gold deposit.

BAM’s existing resource extends over 1.7km within a 3.1km strike length and the in-fill drilling will take place along the outstanding 1.4km in order to bring that section up to a defined resource level.

A preliminary economic assessment in February valued the BAM project at US$69.2mln on a base case of 951,000 contained ounces of gold. 

For the year to December, Landore lost £2.78mln (£3.3mln).

In May, the company raised £1mln at of 0.7p per share, which will fund planned operational expenses for at least six months.  

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Landore Resources Ltd. Timeline

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