EXPLORATION & DEVELOPMENT

Landore looking at new BAM area

Pre-PEA AIM listing says latest drill results show promise of area in between current deposits

Staff reporter

This article is 7 years old. Images might not display.

The company already has a mineral resource estimate of just over 400,000 ounces of gold for the BAM East and BAM West deposits on the Ontario site, and is using its 12,000m summer drill campaign to partly look in the 900m gap in between.

Drilling so far at 100m intervals, amounting to 7,100m split between RC and diamond rigs, has delivered 6.8m at 1.88g/t, 10m at 2.03g/t and 12m at 1.12g/t.

The company also reported visible gold and one intercept of 1m at 16.15g/t.

Previous results from the summer programme include 41.27m at 1.1g/t. 

Landore CEO Bill Humphries said the results could be important for the project's upcoming preliminary economic assessment, which will follow an MRE update.

"The success of the current drilling programme extends the mineralisation of the BAM Gold Deposits along strike having the potential of significantly enlarging the size of the preliminary open pit," he said. 

CUBE Consulting is doing the MRE and Landore has hired WSP to design the pit.

 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.