Landore Resources Ld - Nevada Portfolio Review & Independent Gold Review
Released
Released
Announcement PDF
RNS Number : 5106U
Landore Resources Limited
14 September 2026
Landore Resources Limited
Nevada Portfolio Review Completed and Independent Lamaune Gold Review Commenced
Landore Resources Limited (AIM: LND) ("Landore" or the "Company") is pleased to provide an update
on two important technical initiatives undertaken during the current quarter: a comprehensive review
of the Company's Nevada exploration portfolio and the appointment of independent consultants to
assess the Lamaune Gold target at its flagship Junior Lake Project in Ontario, Canada.
Nevada Portfolio Review
The Company's Projects and Resource Manager, Jack Rhodes, and VP Exploration, Justin Johnson,
recently completed a review of Landore's Nevada exploration assets and the extensive historic
geological information associated with the properties. The review forms part of the Company's
ongoing evaluation of its non-core asset base and exploration opportunities.
Landore's Nevada portfolio comprises eight exploration properties considered to be prospective
primarily for gold, together with the Spruce Mountain silver project. Nevada remains one of the
world's premier mining jurisdictions and hosts several major gold mining operations, including
deposits along the prolific Carlin Trend. The review focused on assessing the geological potential of
the claim package, verifying historic datasets and identifying opportunities for future work
programmes.
The work has reinforced management's view that the Nevada assets retain exploration merit and
represent an additional source of potential value for shareholders alongside the Company's core
Junior Lake property in Ontario.
Independent Review of Lamaune Gold Target
Landore is also pleased to confirm the appointment of APEX Geoscience Ltd (“APEX”), an independent
Canadian geological consultancy, to undertake a review of the gold dataset compiled from the
Lamaune Gold target at Junior Lake.
The appointment follows the successful compilation and validation of a substantial historical and
recent gold database completed by Landore's technical team. The review dataset comprises 8,919
gold assays from 107 drill holes representing approximately 11,220 metres of drilling within the
Lamaune Gold district.
As previously announced, analysis of the compiled information has highlighted several encouraging
features, including a peak assay of 118.7 g/t Au, five drill holes returning grades exceeding 20 g/t Au,
and 101 samples grading above 1 g/t Au. The high-grade sample population averages 4.90 g/t Au and
appears concentrated within coherent geological clusters rather than isolated occurrences.
Lamaune is situated approximately 8.5 kilometres west-northwest of the BAM Gold Deposit and has
historically received only limited follow-up despite the presence of significant gold mineralisation. The
independent review by APEX is intended to evaluate the dataset, refine the geological interpretation
and provide recommendations for future exploration and resource development opportunities.
Comment from Alexander Shaw, Chief Executive Officer:
"While our primary focus remains the advancement of the Junior Lake Property in Ontario, we
continue to assess opportunities across our wider asset portfolio. The recent review of our Nevada
properties has strengthened our understanding of both the geological potential and historical datasets
associated with this asset. Nevada remains one of the world's leading mining jurisdictions and we
believe the portfolio may offer opportunities to generate shareholder value through further
exploration, strategic partnerships, joint ventures or other corporate initiatives.
"At the same time, the appointment of APEX to independently review the Lamaune dataset represents
an important step in evaluating the broader gold potential of Junior Lake beyond the BAM Gold
Deposit. The compilation of 8,919 assays has highlighted several encouraging characteristics of the
Lamaune target, and we look forward to receiving APEX's recommendations as we assess the most
appropriate path forward for this potentially significant gold system.
"Taken together, these initiatives demonstrate our commitment to unlocking value across the Landore
portfolio, both by advancing our core Canadian assets and by ensuring that opportunities elsewhere
within the portfolio are properly evaluated and positioned for future development."
Subscribe to our news alert service: https://investors.landore.com/auth/signup
For further information, please contact:
Landore Resources Limited
Alexander Shaw (CEO)
Engage with the company directly
contact@landore.com
Landore Resources Investor Hub
SP Angel Corporate Finance LLP (Nominated
Adviser and Joint Broker)
Charlie Bouverat / Matthew Johnson / Adam Cowl
Tel: 020 7409 3494
Hannam & Partners (Joint Broker)
Andrew Chubb / Matt Hasson
Tel: 020 7907 8500
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