Landore Resources Limited (LON:LND) has converted the exploration permits into mining leases at two huge licences next to its Junior Lake property in Ontario.
The two licences are held by 90% subsidiary Lamaune and cover an area of 4,133ha adjacent to four leases at Junior Lake.
In total, Landore’s mining leases now cover an area of 7,862ha, extend for 22 kilometres and encompass the BAM gold deposit, B4-7 nickel-copper-cobalt-PGEs deposit; VW nickel-copper deposit; the Lamaune Gold exploration target; and the Lamaune iron deposit.
Over this area, Landore has the right to sink shafts and excavate for mining, construct dams, reservoirs, railways and erect plant to treat ores.