StockMarketWire.com - Landore Resources has announced an increase in its BAM East gold deposit resource on its Junior Lake Property, Ontario, to 400,000 ounces at 1.37 grams/tonne, of which 326,000 ounces is in the 'indicated' category.
Landore said the summer drill campaign successfully infilled much of the Inferred portion of the existing mineral Resource and extended the defined resource length from 700 metres to approximately 1,100 metres and from surface to 350 metres depth.
The BAM East gold deposit remains open along strike to the east, west, and down dip.
Metallurgical testing completed to-date yields between 97 and 99 percent combined gold recovery by gravity concentration followed by cyanidation leach extraction of the gravity tail. Leach kinetics were rapid with most of the gold extraction completed within 2 to 6 hours.
At 9:32am: [LON:LND] Landore Resources Ltd share price was +0.1p at 2.15p
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