Preliminary pit shell for the BAM and BAM East gold deposits at the Junior Lake property. (Image: Landore Resources)
ONTARIO – Buoyed by the latest resource update for the BAM East gold deposit, owner Landore Resources, headquartered in the Channel Islands, U.K., is looking to increase the contained ounces to 1.0 million or more.
BAM East is now estimated to contain 7.4 million indicated tonnes at 1.35 g/t gold for 326,000 contained oz. and 1.7 million inferred tonnes at 1.39 g/t for 74,000 contained oz of gold.
Drilling has so far tested the gold mineralization the BAM East and BAM gold deposits, but the area between in largely untested, said Landore. Infill drilling has the potential to expand, and possibly connect, the two areas. BAM East remains open down dip, another area of potential resource expansion. A preliminary economic assessment is underway.
There is also “excellent” potential along the 31-km Junior Lake Shear. Drilling is to begin by the end of this month.
The BAM East gold deposit is one of several at the Junior Lake property 235 km northeast of Thunder Bay. The property also hosts the B4-7 nickel-copper-cobalt-PGM deposit and the VW nickel-copper deposit.
Visit www.Landore.com to read the full copy of the latest technical report.