Drilling Update - BAM Gold Project Junior Lake Property
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No 596/2014
(AIM Ticker: LND.L)
LONDON, Sept. 9, 2021 /CNW/ - Landore Resources Limited (AIM: LND) ("Landore Resources" or "the Company") is pleased to provide an update on the progress of the drilling programme for 2020-21 (the "Drilling Programme") on the BAM Gold Deposit, Junior Lake Property, Ontario, Canada ("BAM Gold Deposit").
BAM Gold Deposit:
To date a total of 21,933 metres of HQ diamond core drilling, comprising 94 drill holes, (0420-725 to 0421-818) have been completed in this Drilling Programme of which 10,129 metres for 41 drill holes were drilled below the existing BAM Gold Deposit from 1000E to 3000E aimed at deepening and extending the existing resource. Assay results are outstanding for seven drill holes.
Results not previously reported include:
* The drill holes were drilled north at 45 degrees into a lithological package dipping approximately 60 to 50 degrees to the south. The actual true thickness of mineralisation is estimated to represent 75% to 85% of the intervals shown in the above table
2020-2021 Drilling Programme:
The Drilling programme, on the BAM Gold Deposit and immediate exploration to the east and west, concluded on the 1st August with the completion of drill-hole 0421-818 on the West pit extension. Sample preparation has been completed with assay results now expected to be received by late-September after which the data will be collated and forwarded to the Engineers for the Resource Update.
Landore has engaged Cube Consulting of Perth Western Australia to complete a Mineral Resource Estimate ("MRE") and Preliminary Economic Assessment ("PEA") update on the BAM Gold Deposit now scheduled for completion in Q4 2021.
BAM GOLD DEPOSIT:
The Junior Lake Property:
Michele Tuomi, (P.Geo., BSc. Geology), Director/VP Exploration of Landore Resources Canada Inc. and a Qualified Person as defined in the Canadian National Instrument 43-101 and the AIM Rules for Companies, has reviewed and verified all scientific or technical mining disclosure contained in this announcement.
About Landore Resources
Exploration office located in Thunder Bay, Ontario, Canada.
SOURCE Landore Resources Canada Inc.
Company Codes: LSE:LND
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