Landore Resources Ltd (LON:LND) said drilling results from its BAM gold deposit in Canada confirmed the depth and length extensions of the west pit reporting widths and grades consistent with the defined resource.
“Results received to date on the Western step out drilling are highly encouraging,” the company said.
All 16 holes beneath the west defined pit intersected typical BAM gold lithology and mineralisation, including some with visible gold, it added.
It has so far completed 14,970 metres, comprising 65 drill holes, of a planned 23,000-metre drilling programme.
Results are pending for the depth drilling below the east pit and for most of the extension drilling.