| Announcement Date: | 2022-02-08 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Landore Resources Ltd. |
| Project name: | Junior Lake |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | London, United Kingdom 8 th February 2022 – Landore Resources Limited (AIM:LND) (“Landore Resources” or “the Company”) is pleased to confirm that Cube Consulting Pty Ltd has now completed an updated National Instrument 43-101 (“NI 43-101”) compliant, Mineral Resource Estimate on the BAM Gold Project, Junior Lake Property, Ontario, Canada (“BAM Gold Project”). Up to December 2021, a total of 353 NQ and HQ diamond drill holes for approximately 69,857 metres have been completed in the BAM Gold Project area, from which a total of 309 holes for a total of 62,719 metres being used for the current Mineral Resource Estimate. The results of the Drilling Programme have been incorporated into the January 2022 Mineral Resource update. Overall the aims of the Drilling Programmes were highly successful in achieving the stated aims. “CUBE Mineral Resource Estimate Executive Summary: Cube Consulting Pty Ltd (“Cube”) was engaged by Landore Resources Canada Inc. (“Landore” or “LND”) to update the Mineral Resource estimate (“MRE”) 09/02/2022, 21:50 Mineral Resource Estimate Update https://otp.investis.com/clients/uk/landore_resources/rns/regulatory-story.aspx?cid=1586&newsid=1549456 3/9 of the gold mineralisation for the BAM Gold Project. The estimation work was completed in January 2022 following completion of the 2020-2021 diamond drilling campaigns at the project in December 2021. |
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