Landore Resources shares rise as confirms presence of anomalous gold

(Alliance News) - Landore Resources Ltd on Wednesday announced soil sampling results at its programme carried out along strike to the east of its BAM Gold project on the Junior Lake property in Ontario, Canada.

The North American-focused precious, base and battery metal exploration and development company said 20.8 kilometres along the Junior Lake shear zone from the Placer Dome gold prospect in the west to the BAM gold deposit and east into the Toronto Lake area has now been covered by extensive gold sampling.

Chief Executive Officer Alexander Shaw said: "I am very encouraged by the progress we are making at our flagship BAM gold project in Ontario, with these latest soil sampling results confirming the presence of anomalous gold along strike - thereby confirming our belief that the gold system, which hosts BAM extends far beyond the currently-defined deposit area, representing significant expansion potential.

"This confirms what I have always believed - namely that we are only just getting started at BAM Gold and that the potential of what is our 'jewel in the crown' at Junior Lake is considerable. There is also significant potential for higher grades at BAM gold, which could add high-grade ounces to an updated mineral resource estimate, which we are targeting for completion in mid 2025. We look forward to providing further technical results in the months ahead."

Landore shares rose 4.2% to 4.27 pence each on Wednesday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Landore Resources Limited