The BAM East deposit, hidden under the snow, has the potential to support open pit mining. (Image: Landore Resources)
ONTARIO – Landore Resources, with a Canadian exploration office in Thunder Bay, Ont., has updated the mineral resource estimate for the BAM gold deposit at the Junior Lake property 235 km northeast of Thunder Bay.
New modeling has allowed the company to increase the BAM indicated resource to 28.8 million tonnes grading 1.03 g/t gold for 951,000 oz. of contained gold (JORC code compliant). The inferred portion is 8.6 million tonnes grading 0.90 g/t gold and containing 250,000 oz. Potential “unclassified” mineralization in target areas is estimated to be as much as 14.8 tonnes at 0.93 g/t gold, for another 441,000 oz. of contained gold.
Landore has other drilling targets along the 31-km strike length of the Junior Lake shear, a highly prospective Archean greenstone belt that measures from 0.5 to 1.5 km wide.
The new resource estimate and ongoing metallurgical and geotechnical studies will form part of the new preliminary economic assessment due for completion next month. Visit www.Landore.com/junior.php for more information.