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Drill and Exploration Programme, Felix-Lamaune
Drill and Exploration Programme, Felix-Lamaune.
About this update from Landore Resources Limited
[{"type":"text","content":"\n \n \n \n LANDORE RESOURCES LIMITED\n \n \n \n \n (AIM Ticker: LND.L)\n \n \n \n \n \n \n \n \n \n \n \n \n \n DRILL AND EXPLORATION PROGRAMME\n \n \n \n \n FELIX-LAMAUNE\n \n \n \n \n JUNIOR LAKE PROPERTY\n \n \n \n \n \n \n \n \n \n \n \n \n London, United Kingdom - 20 July 2022 Landore Resources Limited (AIM: LND)\n \n (\"Landore Resources\" or \"the Company\") is pleased to announce the commencement of the 2022 drilling programme on the\n Felix-Lamaune areas at the Company's Junior Lake Property, Ontario, Canada.\n \n \n \n \n \n \n \n \n Highlights:\n \n \n \n \n \n \n \n \n ·\n \n Felix-Lamaune Drill Programme - A 7,500 metre diamond drilling campaign is planned to commence on July 26th 2022 on the highly prospective Felix and Lamaune areas. The drilling will target previously identified gold and battery metals mineralisation over a distance of 12 kilometres to the West along strike from the BAM Gold and B4-7 Nickle-Copper-Cobalt-Palladium-Platinum deposits (Ni-Cu-Co-PGEs).\n \n \n \n \n \n \n \n \n ·\n \n Exploration - The current soil-till sampling programme has been extended by 5 kilometres to the west of the Felix area to cover the Lamaune Gold and Carrot Top Ni-Cu-Co-PGEs prospects. The soils programme, anticipated to be complete by mid-August, will assist in the target selection for the above drill programme.\n \n \n \n \n \n \n \n \n ·\n \n Funding - A total of 12.34 million warrants over the Company's ordinary shares have been exercised for total receipts of £2.47M. The remaining 11.57 million warrants, issued to investors in 2020, have expired. The exercise of these warrants, together with other received and anticipated income, has resulted in Landore being fully funded through to the end of 2022.\n \n \n \n \n \n \n \n \n ·\n \n Strategic Review - In May 2022 the Directors initiated a\n \n \n strategic review of the options available to the Company in relation to the Company's Canadian subsidiary/assets. The strategic review is ongoing, with mining companies currently being solicited to provide expressions of interest and participate in the initial due diligence period, which is scheduled for completion by 30th September 2022. The remaining participants at that time will be invited to advance to the next stage of the process.\n \n \n \n &nb...