20th Jul 2022 12:12
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 GBP2.5 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%
By Tom Budszus; [email protected]
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