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Significant Gold Discovery - Junior Lake
Significant Gold Discovery - Junior Lake.
About this update from Landore Resources Limited
[{"type":"text","content":"\n \nRNS Number : 9629T Landore Resources Limited 04 April 2016 \n\nLANDORE RESOURCES LIMITED\n(AIM Ticker: LND.L)\n \n \n \nSIGNIFICANT GOLD DISCOVERY\nJUNIOR LAKE PROPERTY\n \n \nLondon, United Kingdom - April 4th 2016 - Landore Resources Limited (AIM:LND) (\"Landore Resources\" or \"the Company\") is pleased to report on a significant gold discovery on its Junior Lake Property, Ontario, Canada.\n \nHighlights:\n \n· SIGNIFICANT GOLD DISCOVERY: Follow up drilling on the BAM East Gold Prospect, reported March 14 2016, has established the presence of a significant gold discovery. The gold mineralisation remains open along strike to the east and west and down dip.\n \n· IMPROVING WITH DEPTH: Drill hole 0416-519 intersected a wide gold mineralised zone of 40.75m at 1.82 grams/tonne (g/t) gold with two high grade intersections of 2.25m at 10.28g/t and 3.00m at 5.74g/t indicating that the mineralisation could be coalescing with depth. \n \n· NEAR SURFACE: The +30 metres wide gold mineralisation, close to surface, has potential for the initial development to be progressed as a low cost, bulk tonnage, open pit operation. \n \n \nCommenting on this report, Chief Executive Officer of Landore Resources, Bill Humphries, said:\n\"The highly prospective, relatively unexplored, greenstone belt which traverses Landore's flagship Junior Lake Property for over 30 kilometres east to west, continues to yield exciting new mineral discoveries. The BAM East Gold Prospect discovery has validated our exploration team's perseverance and dedication. \nIn addition, the discovery of this significant gold prospect just two kilometres to the east of our B4-7 Nickel-Copper deposit and one kilometre northwest of our VW Nickel deposit could provide a classic \"two plus two equals five\" bonus for Landore, with the obvious substantial cost saving synergies to be gained during their future development and operation.\" \n \nThe Junior Lake property:\nThe Junior Lake property, 100% owned by Landore Resources, is located in the province of Ontario, Canada, approximately 235 kilometres north-northeast of Thunder Bay, and is host to; the B4-7 Nickel-Copper-Cobalt-PGEs resource plus the Exploration Target and the Alpha Zon...