StockMarketWire.com - Landore Resources has confirmed a significant gold discovery on its Junior Lake property in Ontario, Canada.

Follow up drilling on the BAM East Gold Prospect, reported March 14, has established the presence of a significant gold discovery. The gold mineralisation remains open along strike to the east and west and down dip.

Drill hole 0416-519 intersected a wide gold mineralised zone of 40.75m at 1.82 grams/tonne (g/t) gold with two high grade intersections of 2.25m at 10.28g/t and 3.00m at 5.74g/t indicating that the mineralisation could be coalescing with depth.

The +30 metres wide gold mineralisation, close to surface, has potential for the initial development to be progressed as a low cost, bulk tonnage, open pit operation.

Chief executive Bill Humphries said: "The highly prospective, relatively unexplored, greenstone belt which traverses Landore's flagship Junior Lake Property for over 30 kilometres east to west, continues to yield exciting new mineral discoveries. The BAM East Gold Prospect discovery has validated our exploration team's perseverance and dedication.

"In addition, the discovery of this significant gold prospect just two kilometres to the east of our B4-7 Nickel-Copper deposit and one kilometre northwest of our VW Nickel deposit could provide a classic "two plus two equals five" bonus for Landore, with the obvious substantial cost saving synergies to be gained during their future development and operation."



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