Landore Resources has issued a progress report on extension drilling of the BAM East gold prospect on its Junior Lake property in Ontario, Canada.
Landore says drilling results continue to report wide zones of gold mineralisation including high grade intersections with drill-hole 0416-555 reporting 18.27 metres (m) at 3.69 grams/tonne (g/t) gold including 2.00m at 21.49g/t gold and drill-hole 0416-557 reporting 30.00m at 2.27g/t gold including 5.00m at 4.17g/t.
- The Central Zone of the BAM East gold prospect has now been extended to over 800 metres of strike length from 2100E to 2900E and to > 250m down dip. The Zone remains open down dip and to the east and west along strike.
- Drilling and exploration on the BAM East gold prospect has concluded for the year with all results now received and submitted for inclusion towards the maiden resource and technical report due for release in Q1 2017.
Chief executive Bill Humphries said: "Since Landore's discovery of the BAM East Gold Prospect in late 2015 drilling has successfully delineated a significant gold occurrence in the Central Zone, over 800 metres in length and 250+ metres down dip, together with identifying other highly prospective gold occurrences with similar lithology along a potential 2.7 kilometre strike length. Landore awaits with excited anticipation receipt of the Maiden Resource and Technical Report for the BAM East Gold Prospect in Q1 2017."
At 9:35am: (LON:LND) Landore Resources Ltd share price was +0.08p at 3.48p