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Landore Resources upbeat on progress at Junior Lake
Landore Resources updated the market on its progress with drilling at the BAM Gold Deposit on its Junior Lake Property, Ontario on Wednesday, having drilled every 100 metres from 1200E to 1900E in the 900 metre gap between the BAM East Gold Deposit and the original BAM Deposit.
The AIM-traded firm said teh drilling had intersected widespread gold mineralisation within a similar lithological package to the two deposits with multiple instances of visible gold (VG).
It explained that results to date were "highly promising", with wide near-surface intersections of up to 41.27 metres at 1.10g/t in drill hole 0417-628, and high grade gold including 24.90 grams per tonne gold (g/t Au) in drill-hole 0418-631.
"The current infill drill programme shows that the gold mineralisation continues between the two deposits, almost doubling the overall length of the combined deposits to approximately 2,000 metres with excellent potential to add considerable ounces to the resource," said chief executive Bill Humphries.
"The fact that the BAM gold mineralisation delineated to date remains open both to the East and West and down dip/plunge clearly demonstrates this discovery's huge potential."