Landore is pleased with results from its extension and infill drilling campaign at the BAM East gold project on its Junior Lake property in Ontario, Canada.
The group said drilling results continued to report wide zones of gold mineralisation including high grade intersections with drill hole 0417-574 reporting 18.79 metres (m) at 3.65 grams per tonne gold (g/t) including 2.99 metres at 12.25 g/t gold and 4.2 metres at 5.08 g/t gold.
- The BAM East gold deposit, central zone, has now been confirmed over 1,000 metres of strike length from 2000E to 3000E and remains open down dip, to the east and to the west along strike.
- Drilling has also confirmed the BAM East gold lithology over 2,550m of strike length from 950E to 3,500E along the highly prospective east-southeast to west-northwest trending MaxMin geophysical anomaly (MM-7), also remaining open to the east and west along strike.
Landore said the spring/summer drilling campaign was nearing completion with 59 HQ and NQ diamond drill-holes (0417-561 to 0417-619), for a total of 9,920 metres (m), drilled to date.
It said drilling had proceeded as planned on time and within budget.
It said the processing of the core, including logging, sampling and assaying, was ongoing and results would be reported when received and collated.
Chief executive Bill Humphries said: "I am very pleased with the results to date from this current drilling campaign steadily advancing the Inferred resource to Indicated category together with extending the delineated resource to the east and west to 1,000 metres in length.
"Indications are that the BAM East gold deposit has the potential for substantial growth.
"In addition, over the past 6 months Landore has completed a review of all previously discovered gold occurrences along the 30 kilometre, east to west, highly prospective, Greenstone belt which traverses Landore's flagship Junior Lake Property and the neighbouring Lamaune Iron Inc. property.
"The reviews concluded that several of these gold prospects, including the Lamaune gold deposit were similar in geology and mineralisation to the BAM East gold deposit highlighting the potential for other similar deposits along this trend.
"Landore will commence an extensive exploration and Geophysics campaign along this trend upon completion of the drilling programme aimed at identifying additional gold prospects."
At 9:41am: (LON:LND) Landore Resources Ltd share price was +0.03p at 2.9p