Business
Junior Lake and Lamaune Update
Junior Lake and Lamaune Update.
About this update from Landore Resources Limited
[{"type":"text","content":"\n \nRNS Number : 5364V Landore Resources Limited 06 November 2017 \n\nLANDORE RESOURCES LIMITED\n(AIM Ticker: LND.L)\n \n \n \nJUNIOR LAKE + LAMAUNE \n31 KILOMETRES OF HIGHLY PROSPECTIVE GREENSTONE BELT CONTAINING\nGOLD-NICKEL-COPPER-COBALT-PLATINUM-PALLADIUM\n \n \nLondon, United Kingdom - November 6 2017 - Landore Resources Limited (AIM:LND) (\"Landore\" or \"the Company\") is pleased to provide a review on the recent combination of the Junior Lake and Lamaune properties, Ontario, Canada.\n \nLandore's acquisition of the contiguous Lamaune property (90.2% owned by Landore Canada) has increased the size of the Junior Lake property from 22,497 hectares to 26,593 hectares, extending the coverage of the highly prospective Archean greenstone belt, traversing the property from east to west, and from 19 kilometres to approximately 31 kilometres in length.\n \nLandore's prime asset is the Junior Lake property situated in the heart of the world class mining jurisdiction of Northern Ontario, Canada. As such, the Directors are considering a secondary listing on the Toronto Stock Exchange (TSX or TSX-V) as they believe that this would prove beneficial for the advancement of Landore's significant mineral discoveries on its Junior Lake property. A further announcement in connection with the potential dual listing on the TSX will be provided in due course as appropriate.\n \nTo support any application to the TSX, Landore will be required to submit an updated NI 43-101 Technical Report on Landore's Junior Lake property to include all of the previously reported mineral resource estimates as well as the BAM East Gold Deposit. Accordingly Landore has engaged Roscoe Postle Associates Inc. (\"RPA\") of Toronto, Canada to complete the Landore Junior Lake Technical Report which is scheduled to be finalised during Q4 2017.\n \nThe Technical Report will include resource upgrades on the following: \n \n· The BAM East Gold Deposit: February 2017 Mineral Resource Estimate of 301,000 ounces gold plus upgrade to include 11,060 metres of additional drilling in 2017.\n \n· The B4-7 Nickel-Copper-Cobalt-Platinum-Palladium Deposit: January 2013 Mineral Resource Estimate of 2,695,000 tonnes at 1.24% Nickel equivalent (NiEq) in the Indicated catego...