Business
Updated Mineral Resource Estimate - BAM East
Updated Mineral Resource Estimate - BAM East.
About this update from Landore Resources Limited
[{"type":"text","content":"\n \nRNS Number : 8938Y Landore Resources Limited 11 December 2017 \n\nLANDORE RESOURCES LIMITED\n(AIM Ticker: LND.L)\n \n \n \nUPDATED MINERAL RESOURCE ESTIMATE\nBAM EAST GOLD DEPOSIT\nJUNIOR LAKE PROPERTY\n \nLondon, United Kingdom - 11 December 2017 - Landore Resources Limited (AIM:LND) (\"Landore Resources\" or \"the Company\") is pleased to announce the Updated Mineral Resource estimate for the BAM East Gold Deposit on its Junior Lake Property, Ontario, Canada (\"BAM East Gold Deposit\").\n \nHighlights:\n \n· BAM East Gold Resource increased to 400,000 ounces gold at 1.37 grams/tonne (g/t) of which 326,000 ounces gold is in the Indicated category. \n \n· The summer drill campaign successfully infilled much of the Inferred portion of the existing mineral Resource and has extended the defined resource length from 700 metres to approximately 1,100 metres and from surface to 350 metres depth. The BAM East Gold Deposit remains open along strike to the east, west, and down dip.\n \n· Metallurgical testing completed to-date yields between 97 and 99 percent combined gold recovery by gravity concentration followed by cyanidation leach extraction of the gravity tail. Leach kinetics were rapid with most of the gold extraction completed within 2 to 6 hours.\n \n· The BAM East Gold Deposit is located approximately mid-way along the 31 kilometre corridor traversing Landore Resource's Junior Lake Property from east to west of favourable greenstone belt hosting multiple known gold occurrences including the Lamaune Gold Prospect.\n \n \nCommenting on this report, Chief Executive Officer of Landore Resources, Bill Humphries, said:\n \n\"We are delighted with the rapid growth of the BAM East Gold Resource, all potentially extractable by low cost open pit mining method which together with the exceptional metallurgical results reporting up to 99% recovery of gold, further en...