Landore identifies 'potential resource' at BAM gold zone
Landore Resources Limited NPV
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16:55 09/01/25
Landore Resources issued a progress report on extension drilling of the BAM East Gold Project on its Junior Lake Property, Ontario, Canada on Monday, explaining that drilling at the original BAM Zone has “successfully identified” a potential resource with similar lithology and grades to the BAM East Gold Deposit located 1000 metres along strike to the east.
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The AIM-traded firm said the original BAM Zone mineralisation remained open along strike to the east, west and down dip.
“Step out drilling along strike from the BAM East Gold Deposit has extended the mineralisation with similar lithology and grades 100 metres West and 500 metres to the East giving a potential resource continuity of 1.2 kilometres from 2000E to 3200E,” the board explained in its statement.
“The BAM East Gold mineralisation remains open along strike to the east, west and down dip.”
The BAM Zone was discovered in 2003 by Landore Resources' exploration team through routine outcrop sampling returning high grade gold from a narrow pyrite and arsenopyrite mineralised vein. A subsequent six drill hole programme accompanied by trenching was completed. Results were not encouraging with the best intersection 2.6g/t Au over 0.8m.
Discovered in December 2015, the BAM East Gold resource contains 301,000 ounces of gold.