ONTARIO – Landore Resources, with its exploration head office in Thunder Bay, Ont., has released an updated resource estimate for the BAM East deposit on the Junior Lake property 235 km northeast of Thunder Bay. The deposit has an indicated resource of 326,000 oz. contained in 7.4 million tonnes grading 1.37 g/t gold and an inferred resource of 74,000 oz. contained in 1.7 million tonnes at 1.39 g/t.
Visible silver and gold in drill core from the BAM East deposit. (Image: Landore Resources)
Landore said its summer infill drilling campaign extended the mineralization to 1,000 metres from 700 metres and to a depth of 350 metres. The deposit remains open along strike in both directions and down dip.
Geologists interpret the BAM East deposit as an Archean-aged mesothermal deposit in which gold mineralization is hosted by sheared and altered rocks of the Grassy Pond sill and the BAM sequence. Seven mineralized zones have been outlined.
Landore is currently focused on the gold potential at Junior Lake although the property has nickel-copper-PGM possibilities as well.
Visit www.Landore.com for information about all the mineral potential at Junior Lake.