Landore Resources ( (GB:LND) ) has issued an update.
Landore Resources Limited announced the successful completion of its 2024 infill drill core sampling program at the Junior Lake property, revealing significant gold potential at the BAM Gold Deposit and Lamaune Gold Exploration Target. The program, which involved 930 samples from 29 drill holes, identified substantial gold potential within the gabbroic lithological unit and anomalous gold values at Lamaune Gold. A new 3,500-meter drilling program is set to commence in March 2025 to enhance the understanding of the orebody’s structure and support the development of a pre-feasibility study, reflecting the elevated global gold price.
More about Landore Resources
Landore Resources Limited is a company operating in the mining industry, primarily focusing on the exploration and development of mineral resources. Its flagship project is the Junior Lake Property in Ontario, Canada, which hosts the BAM Gold Deposit, along with other precious and strategic metal occurrences.
YTD Price Performance: -16.05%
Average Trading Volume: 867,726
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £10.64M
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