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Landore Resources granted mining permits over two licences 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.

Landore Resources Ltd -
Landore has the right to sink shafts and excavate for mining

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.

Quick facts: Landore Resources Ltd

Price: 0.69 GBX

AIM:LND
Market: AIM
Market Cap: £8.99 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

2 min read