Excellent article7 Sep 2016 14:38
I have nicked from another BB. Make sure you ignore the obvious typos though:-
Visible gold from drilling at BAM bodes extremely well for Landore
Landore Resources has delivereed some extremely attracively looking drill hits from BAM East, and there could be more to come
High grade has been the highlight of the recent drilling campaign undertaken by Landore Resources Limited (LON:LND) at its BAM East gold project on the company�s wider and extensively mienralised Junior Lake property.
In particular, one drill hole hit 53.5 metres at 1.38 grams per tonne gold, including 9 metres at 4.74 grams and one metre at just over 30 grams.
Perhaps even more significantly, 20 of the 28 holes drilled so far have yielded visible gold.
Typically, gold in modern drill core is only visible through a microscope, so to have gold showings of up to 2 millimetre in length visible to the naked eye, as Landore has in its latest BAM core is quite something.
Certainly, it means that the grade is likely to hold up well, when newly appointed consultants RPA Inc of Toronto come to wrap a resource number around BAM in the coming months.
And given the nearness to surface of these intercepts, it also means that even at this early stage Landore is justified in beginning to conceive of the project as a low-cost bulk tonnage open-pit operation.
Visible gold is usually quite straightforward to extract from its surrounding ore, so initial recoveries would likely be high, all tending towards the assembly of a robust economic model for BAM.
But it�s early days yet. The drill rigs are set to start turning again in October, and we�ll know more after the results from that campaign are in.
The next round of drilling will commence with large-diameter holes to allow the company to recover larger samples for metallurgical testing.
Following on from that, drilling to test for mineralisation will continue to the east, west, and down-dip.
It will be particularly interesting to get a clearer idea of the extent of the mineralisation at BAM, because it is situated right in the middle of a highly prospective 2.7 kilometre geophysical anomaly.
At the western end of this anomaly lies the original BAM discovery zone, first investigated by Landore back in 2003.
The new zone current comprises 500 metres of consistent lithology along strike and up to 150 metres down dip. If that can be extended by the next round of drilling, then it will become apparent that Landore really is onto something interesting here.
But there could be more good news ahead of that, though. Results from the final 10 holes that Landore drilled over the summer are still pending, and could well deliver another round of attractive intercepts.
And with the gold price still strong at over US$1,340, what better time to be delivering good news drilling results into the market?