Landore Resources Share Discussion Threads

[robers98] 20/10/2016 13:05

Still listed for Proactive in a couple of weeks, that should help with investor interest.

[imperial3] 20/10/2016 12:44

Trading volume pathetic.

[chutes01] 20/10/2016 12:38

seems bit off radar at the moment

[robers98] 20/10/2016 12:31

Landore Resources sees more potential at BAM East as drilling restarts

The BAM East prospect is rapidly developing into a significant new gold discovery, Landore Resources Ltd (LON:LND) told investors, as it started drilling again at the Ontario site.

The work will comprise 17 diamond drill holes to expand the newly defined central zone down-dip and along strike and to test prospective targets along the remaining 2.7 km MM-7 geophysical trend.

Significantly, the first two holes completed hit the same lithology as the higher holes with visible gold sighted.

Work shows the central zone plunging to the west with the width and gold content improving at depth, the firm said.

Meanwhile, sampling 700 metres to the west and along trend to the central zone, has intersected the same lithology with gold mineralisation up to 0.66 grams per tonne (g/t).

In April this year, Landore confirmed the zone as a "significant discovery"

It has said the style of mineralisation has many corollaries with similar commercial gold deposits in the Canadian Shield, such as Kirkland Lake, Hollinger-McIntyre, Kerr-Adison and Sigma-Lamarque.

Landore chief executive Bill Humphries said: "The BAM East Gold Prospect is rapidly developing into a significant new gold discovery for Landore Resources, enjoying very low discovery costs per ounce, favourable mineralogy potentially providing a simple processing path with maximum recoveries and low capex/opex costs."
www.proactiveinvestors.co.uk/companies/news/167709/landore-resources-sees-more-potential-at-bam-east-as-drilling-restarts-167709.html

[imperial3] 20/10/2016 10:37

For years and years they have been drilling holes and nothing has come of it.I just wonder whether it will be different this time.Do we have an end game coming up?!

[tini5] 20/10/2016 10:08

Perhaps the strategy is to drill so many holes that the place resembles a geological swiss cheese and there's that many holes, all they have to do is stamp on the ground and presto! Instant mine...

[imperial3] 20/10/2016 09:46

How much more drilling do they have to do with more encouraging results before they have a green light for a mine?

[temujiin] 20/10/2016 07:48

Sampling of trench located 700m to the west and along trend... has intersected the same lithology with gold mineralisation up to 0.66 grams/tonne (g/t).

In addition, hole drilled approximately 60m down dip to Trench 0416-01 has also intersected the same lithology ..... potentially extending the BAM East Gold Prospect to 1100 metres along strike

This does seem quite a large gold deposit, and grades look very good, extraction appears easy so cost of production should be very low.

[justino] 20/10/2016 07:37

Strike length now 1100m and grades better at depth. VERY encouraging.

[robers98] 20/10/2016 07:11

RNS out, seems like there's more gold.

[chutes01] 19/10/2016 11:32

all quiet today

[imperial3] 17/10/2016 13:23

These impending results will be pivotal for the future of the company.The stakes have never been higher,and if really good do we have the makings of a gold mine?

[chutes01] 17/10/2016 12:46

with drilling ongoing for past 2 weeks, by 3/11 the company will be able to update on just how large this gold is, should be clear of 6p this time round

[batchelg] 17/10/2016 11:58

Something must be wrong - all my shares are up this morning!

[justino] 17/10/2016 11:07

I would expect newsflow leading up to the Proactive Landore Presentation in London on 3rd November.

[tini5] 17/10/2016 10:53

On our way back up... guess there's news in the offing some time soon.

[imperial3] 14/10/2016 17:25

Seems that way.

[hugus maximus] 14/10/2016 15:32

Hi imperial3 ... the drilling seems to always be referred to as "early October" and it's now middle of the month, so hopefully underway. Many companies release an RNS on such events but perhaps Landore only issue legal announcements?

[imperial3] 14/10/2016 13:15

The BAM East Gold prospect is now the main focus of attention,the next results will be keenly awaited.I wonder whether they have started drilling yet?

[tini5] 14/10/2016 12:06

I read further back the guys in charge are getting on a bit. They must also be cooking up their exit strategy or at least thinking along the lines of who will inherit their legacy?

Will they keep going till they drop? Is there family in the background being groomed to take over or are they going to look to sell the company?

Anyone else out there more familiar with their story?

[hugus maximus] 14/10/2016 11:28

Thanks imperial3 - tini5 - GlennCharles The current game is clearly just about the Gold scenario and how much is there in the next data release will for me be a make or break. Surely the old guard that run this company won't want to run with this forever. If the gold results are good, is there any chance of a buyer coming in and might that perk up the SP?

[tini5] 14/10/2016 10:11

I think the long term prospects are positive but all the recent good news needs to be translated in to $$$. It's got to be worth more when it's coming out the ground rather than sitting under it.

[imperial3] 14/10/2016 09:53

When you look at future pricing of the shares,you have to take into account the placings over the past which has resulted in dilution.This has been quite considerable.

[hugus maximus] 13/10/2016 17:36

tini5 Many thanks. Some here ... myself included, invested when the share price was up around 18p, so not feeling majorly excited about 6 or 7p. Obviously Nickel / Copper prices were much more cheerful around 2011.

I will hold through this next phase, but may consider a "cut and run" once we see the results of this next drill programme. 5 years ago I was persuaded by a friend that this was going to be really good investment.

How do you all feel about prospects over the next 12 months?

Fingers crossed for some genuine reason for excitement this time!

Best HM