Business
Progress Report - BAM Gold Deposits
Progress Report - BAM Gold Deposits.
About this update from Landore Resources Limited
[{"type":"text","content":"\n \nRNS Number : 8062U Landore Resources Limited 17 July 2018 \n\n \n \nLANDORE RESOURCES LIMITED\n(\"Landore Resources\" or \"the Company\")\n(AIM Ticker: LND.L)\n \nPROGRESS REPORT\nBAM GOLD DEPOSITS\nJUNIOR LAKE PROPERTY\n \n \nLondon, United Kingdom - 17 July 2018 - Landore Resources Limited (AIM:LND) (\"Landore Resources\" or \"the Company\") is pleased to provide this progress report on the BAM Gold Deposits on its Junior Lake Property, Ontario, Canada (\"BAM Gold Deposits\").\n \nHighlights: \n \n· The current drilling campaign, concentrating within the 900 metre gap between the existing BAM Gold deposits, has successfully intersected widespread gold mineralisation of similar grade to these two deposits with multiple instances of visible gold (\"VG\"). Drilling has been completed for every 100 metres along strike from 1100E to 1900E, from near surface to approximately 125 metres vertical depth.\n \n· Drilling is continuing in this area with 50 metre step back holes on each 100 metre line to test the potential depth extension to 250 metres below surface. The BAM Gold Deposits remain open to the east, west and down dip, providing additional exploration potential to target for future drilling on Junior Lake. \n \n· Engineering consultants have been appointed to complete a Mineral Resource Estimate update at the conclusion of the current drilling programme, scheduled for completion in Q3 2018. The updated Estimate will form the basis for a Preliminary Economic Assessment for completion Q1 2019.\n \n \nCommenting on this report, Chief Executive Officer of Landore Resources, Bill Humphries, said:\n \n \n\"The success of the current drilling programme extends the mineralisation of the BAM Gold Deposits along strike having the potential of significantly enlarging the size of the preliminary open pit.\n \nLandore Resources has appointed a team of technical consultants to complete a Mineral Resource Estimate update followed by a Preliminary Economic Assessment.\"\n \nSummer Drilling Campaign:\nThe summer drill programme of 12,000 metres is progressing on schedule with 23 NQ diamond drill holes (0418-626 to 0418-648) for 3,731 metres and 13 HQ diamond drill holes (0418-649 to...