REG - Landore Resources Ld - Drilling Campaign at BAM Gold Project Completed

Landore ResourcesAnnouncement

06/05/2025 07:00

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RNS Number : 4349H  Landore Resources Limited  06 May 2025

6 May 2025

 

Landore Resources Limited

Drilling Campaign at BAM Gold Project Completed

 

London, United Kingdom - 6 May 2025 - Landore Resources Limited (AIM: LND)
("Landore Resources" or the "Company"), is pleased to announce the successful
completion of its Spring 2025 resource drilling programme at its flagship BAM
Gold Project ("BAM" or the "Project") at the Junior Lake property in Ontario,
Canada.

Highlights:

·    Resource drilling programme at BAM has now been concluded, comprising
a total of 14 drill holes for 3,549m.

·    Drilling campaign successfully infilled prospective drill lines at
BAM East and West and tested mineralisation at depth.

·    Results from the latest drill campaign, together with the recently
completed BAM Gold structural assessment, will be utilised to update and
refine the existing BAM Mineral Resource Estimate, anticipated to be released
in Q3 2025.

·    Detailed structural logging completed during the campaign on the
fully orientated core will also help build a stronger picture of BAM's
mineralisation model.

·    The Company looks forward to receiving and interpreting the assay
results in respect of all 14 holes drilled in the coming weeks, with the
results to be announced in due course.

Landore Resources' CEO, Alexander Shaw, commented:

"I am pleased to announce the successful conclusion of our Spring drilling
campaign, the forthcoming results of which will form the building blocks of
our mineralisation modelling for BAM and planned updated mineral resource
estimate later this year. Our team looks forward to receiving the assays in
respect of all 14 holes drilled in the coming weeks, which we are confident
will serve to provide an uplift to our existing resource. Together with our
recent acquisition of the BAM Extensions claims located east along strike of
our BAM Gold Deposit, this strategically positions us well to maximize the
growth potential of BAM. With the gold price at elevated highs, there has
never been a better time to be developing a tier-one gold asset in Ontario,
one of the most prolific gold jurisdictions globally."

BAM Drilling Campaign

The Company's 14 hole Spring 2025 drilling programme was focused on the
eastern portion of the deposit, seeking to upgrade Inferred resources to the
Indicated category, as well as testing the considerable higher-grade potential
down-dip within the central portion of the eastern pit area. Drilling to test
both shallow and deep mineralisation zones was also completed on the western
portion of the deposit. The drill core was fully orientated, with detailed
structural measurements taken to fine tune surface and vein orientations,
which will further inform our BAM mineralisation modelling.

Junior Lake Property

The Junior Lake Property, 100% owned by Landore Resources, together with the
contiguous Lamaune Iron property (90.2% owned) and BAM Extensions claims
(together, the "Junior Lake Property"), consisting of 32,768 hectares, is
located in the province of Ontario, Canada, approximately 235 kilometres
north-northeast of Thunder Bay and is host to: the BAM Gold Deposit; the B4-7
Nickel-Copper-Cobalt-Platinum-Palladium Deposit; the VW Nickel-Copper-Cobalt
Deposit; the Lamaune Gold Prospect and numerous other precious and strategic
metal occurrences.

Michele Tuomi (P.Geo., BSc. Geology), Director/CEO of Landore Resources Canada
Inc. and a Qualified Person as defined in the Canadian National Instrument
43-101 and with respect to the AIM Rules for Companies, has reviewed and
verified all scientific and technical mining disclosures contained in this
announcement.

 

- ENDS -

Engage with us by asking questions, watching video summaries and seeing what
other shareholders have to say on our Interactive Investor hub at:

Landore Resources Investor Hub (https://investors.landore.com/link/XyM8bP)

For further information, please contact:

 Landore Resources Limited                     contact@landore.com

 Alexander Shaw (CEO)                          https://investors.landore.com/s/051b30

                                             (https://investors.landore.com/s/051b30)
 or engage with the company directly:
 Strand Hanson Limited

 (Nominated Adviser and Joint Broker)

 James Dance/Matthew Chandler/Robert Collins   Tel: 020 7409 3494
 Hannam & Partners (Joint Broker)

 Andrew Chubb/Matt Hasson                      Tel: 020 7907 8500
 Burson Buchanan (Financial PR)                landore@buchanancomms.co.uk

 Bobby Morse/Oonagh Reidy                      Tel: 020 7466 5000

Subscribe to our news alert service: https://investors.landore.com/auth/signup

 

About Landore Resources

Landore Resources (AIM: LND) is the 100% owner of the highly prospective BAM
Gold Project, Northwestern Ontario, Canada, which has an NI 43-101 compliant
resource estimate of 1.5m oz Au (Indicated: 1.03m oz from 30.96Mt @ 1.0g/t;
Inferred: 467,000oz from 18.3M/t @ 0.8g/t). Ontario is Canada's largest gold
producing province, and produced 3.9m oz, accounting for 41% of Canada's total
gold production in 2023. Landore Resource's strategic objective is to
crystallise value from BAM Gold's last estimated NPV of US$333.6m @
US$1,800/oz spot (from the May 2022 PEA), as well as generating additional
value from its non-core portfolio of precious and battery metals projects in
eastern Canada and the USA.

 

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