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MAIDEN MINERAL RESOURCE ESTIMATE AND REPORT
MAIDEN MINERAL RESOURCE ESTIMATE AND REPORT.
About this update from Landore Resources Limited
[{"type":"text","content":"\n \nRNS Number : 0955X Landore Resources Limited 17 February 2017 \n\n \n \nLANDORE RESOURCES LIMITED\n(\"Landore Resources\" or \"the Company\")\n(AIM Ticker: LND.L)\n \n \n \nMAIDEN MINERAL RESOURCE ESTIMATE AND REPORT\nBAM EAST GOLD DEPOSIT\nJUNIOR LAKE PROPERTY\n \n \nLondon, United Kingdom - February 17 2017 - Landore Resources Limited (AIM:LND) (\"Landore Resources\" or \"the Company\") is pleased to present the Maiden Mineral Resource estimate and report for the BAM East Gold Deposit on its Junior Lake Property, Ontario, Canada (\"BAM East Gold Deposit\").\n \nHighlights:\n \n· 301,000 ounces gold Maiden Resource Estimate for the BAM East Gold Deposit. \n \n· One year from discovery to Maiden Resource Estimate. Discovery drill-hole 0415-517 drilled in December 2015. Resource cut-off 3rd January 2017.\n \n· US$5 per ounce of gold discovery cost with the drill success rate at 36 ounces of gold per metre drilled (8,436 metres total).\n \n· 98 percent combined gold recovery by gravity concentration followed by cyanidation leach extraction of the gravity tail. \n \n· Review by RPA has been successful in outlining the favourable BAM Sequence along a strike length of approximately five kilometres. \n \n \nCommenting on this report, Chief Executive Officer of Landore Resources, Bill Humphries, said:\n\"I am delighted to announce Landore's Maiden resource of 301,000 ounces of gold for our exciting BAM East Gold Deposit, which has been rapidly taken from discovery to resource in just one year. \n \nOur remarkably low discovery cost further underlines the significant growth potential of the BAM East Gold Deposit. In addition, exploration drilling has succeeded in establishing the potential for the highly prosp...