trending Market Intelligence /marketintelligence/en/news-insights/trending/3oRc3XvRVH3F6_eKcO2z5A2 content esgSubNav
In This List

Landore increases, upgrades BAM East gold resources

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Landore increases, upgrades BAM East gold resources

Landore Resources Ltd. increased and upgraded resources at the BAM East gold deposit, part of its Junior Lake property in Ontario, with contained gold increasing by 99,000 ounces.

Effective as of Sept. 22, BAM East hosts indicated resources containing 326,000 ounces of gold within 7.4 million tonnes grading 1.37 g/t of gold, with inferred resources containing 74,000 ounces of gold within 1.7 million tonnes at 1.39 g/t of gold.

Landore posted initial resources for BAM East in mid-February, with 193,000 ounces of gold in the indicated category and 108,000 ounces of gold classified as inferred, using a cutoff of 0.3 g/t of gold.

The new estimate also uses a cutoff of 0.3 g/t of gold and incorporates data from recent drilling which focused on infilling inferred resources and extended defined mineralization from 700 meters to approximately 1,100 meters, the company said Dec. 11.

The company also reported that ongoing metallurgical testing has indicated gold recoveries of between 97% and 99% using gravity concentration ahead of cyanidation leach extraction.

"Landore Resource's work program in 2018 is aimed at further growth of the BAM East Gold resource to greater than 1 million ounces of gold, completion of a preliminary economic assessment on the Junior Lake project and the discovery of further gold deposits along the 31-kilometer, highly prospective Junior Lake Shear," CEO Bill Humphries said in the statement.