StockMarketWire.com - AIM-listed Landore Resources said a reserves estimate indicated 'excellent' gold exploration potential at its Bam East gold deposit at the Junior Lake property in Canada.
The deposit had an inferred resource of 1.66m tonnes at a grade of 1.39 grams per tonne with contained gold of 74,000 ounces, the company said.
The indicated resource was 7.41m tonnes at a grade of 1.37 grams per tonne with contained gold of 326,000 ounces, the company said.
Drilling was scheduled to commence by the end of April.
At 2:23pm: [LON:LND] Landore Resources Ltd share price was +0.1p at 1.45p
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