Landore reports 'exceptional' results at BAM East gold deposit

Canadian mineral exploration group Landore Resources said on Monday that preliminary assessment of two additional metallurgical composites from its BAM East Gold Deposit in Ontario had returned "exceptional results."

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Landore said combined gold recovery by gravity concentration followed by cyanide leach extraction of the gravity tail averaged between 97% and 99% for the two composites tested by ALS Metallurgy of Kamloops, British Columbia.

The AIM-listed firm also noted that leach kinetics were rapid, with most of the gold extraction completed within two to six hours, and that both composites had recorded relatively low sodium cyanide and lime reagent consumptions, the technique used for extracting gold from low-grade ore by converting the gold to a water-soluble coordination complex.

Bill Humphries, Landore's chief executive said, "These exceptional results showing up to 99% recovery of gold using a simple combined gravity/leaching process, further enhances the exciting BAM East Gold Deposit and supports our high expectations that it can be developed with low capex/opex costs amongst the lowest quartile of gold mining producers."

As of 1330 BST, shares had leapt 13.41% to 2.24p.