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Landore Resources Ltd - BAM gold project at Junior Lake in Ontario, Canada - Announces it will start drilling for diamonds next Tuesday on the Felix-Lamaune areas at its Junior Lake property.
The 7,500 metre diamond drilling campaign ‘will target previously identified gold and battery metals mineralisation over a distance of 12 kilometres,’ Landore explains. It will be funded via exercising 12.3 million share warrants worth £2.5 million, the firm adds.
‘This programme is designed to upgrade the Zap Zone, Grassy Pond, Felix, B4-8 prospects, spaced along strike in between the above two areas, towards possible deposit status,’ says Chief Executive Officer Bill Humphries.
Current stock price: 20.57 pence, down 0.9% on Wednesday
12-month change: down 27%
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