Spectacular results and huge potential for Landore Resources
“…It’s in a great jurisdiction. It’s got great infrastructure. So I can only say how massively undervalued the project is at the moment and what a great opportunity it is…”
With the latest investor update from Landore Resources informing shareholders of upcoming webinars, has the company embarked on a reinvigorated PR strategy or is it simply that more news is to come from the junior miner that is developing the BAM gold project in Canada?
Mid-June’s regulatory news statement featured results from the Spring drilling campaign which, according to the company, demonstrates the ore body has significant potential both to the West and primarily to the East with Chief executive Alex Shaw describing the findings of ten grams a tonne as “pretty spectacular.”
It’s more data to update the mineral resource estimate due in the next quarter. Now though, while the price of gold is north of $3300 an ounce and reserves of the precious metal are depleting, Shaw says gold producers are making hay while the sun shines.
“There’s only one way that majors and mid tiers and even junior developers are, let’s say, restocking, and that’s by taking out small explorers like ourselves with very exciting projects.”
A small explorer with what Shaw says has district scale potential with untested satellite deposits which ‘sets Landore apart from the pack.’
Without answering the question as to whether potential buyers have been in conversation with Landore, he reminds investors that Junior Lake where BAM is situated fits that most desired bill.
“It’s in a great jurisdiction. It’s got great infrastructure. So I can only say how massively undervalued the project is at the moment and what a great opportunity it is.”
To determine just how much a great opportunity management is planning to embark on more exploration which will reveal if there are more ore bodies within the system.
As Alex explains to Sarah Lowther in this video interview, “Once we’ve proved it up with the soil geochemistry and the geophysics, then we’ll start identifying drill targets and look to really create a global resource for Junior Lake which is I’d say world class.”
Read the corporate presentation
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