- Landore Resources says resource and extension drilling has recommenced on the BAM East gold prospect on its Junior Lake property in Ontario, Canada.

The programme will consist of 10 HQ and 7 NQ diamond drill holes for 4,000 metres, to expand the newly defined central zone and to test highly prospective targets along the remaining 2.7 kilometre MM-7 geophysical trend respectively

It said the first two HQ holes completed, drilled to extend lines 2350E and 2400E a further 50 metres down dip, have intersected the same lithology as the higher holes with visible gold sighted. The core is currently being processed for assaying.

Longitudinal sections show the central zone to be plunging to the West with the width and gold content improving at depth.

Chief executive Bill Humphries said: "The BAM East Gold Prospect is rapidly developing into a significant new gold discovery for Landore Resources, enjoying very low discovery costs per ounce, favourable mineralogy potentially providing a simple processing path with maximum recoveries and low capex opex costs."

At 9:13am: [LON:LND] Landore Resources Ltd share price was +0.18p at 3.5p

Story provided by