Our Junior Lake property hosts a wealth of commodities including gold, nickel, copper, cobalt and PGEs
Landore’s 100%-owned Junior Lake Property where BAM is located, consists of 22,037 hectares in the province of Ontario, Canada, located approximately 235 kilometres north-northeast of the Thunder Bay Mining District.
Junior Lake lies along a highly prospective Archean greenstone belt from east to west for approximately 31 kilometres. The greenstone belt ranges from 0.5 to 1.5 kilometres wide with a large proportion of the belt remains unexplored.
Junior Lake is host to several early-stage licences 100% owned by Landore including:
- B4-7 Nickel-Copper-Cobalt-Platinum-Gold Deposit
- VW Nickel-Copper-Cobalt Deposit
- Lamaune Gold Prospect
- Lamaune Iron Prospect & other precious and base metals
Environmental Baseline Studies
In 2007, Landore retained Golder Associates of Sudbury, Ontario, to conduct an environmental baseline studies programme on the Junior Lake property including surface water sampling of various lakes and streams.
This environmental baseline studies programme focussed on the mining lease area of the property containing the BAM Gold, B4-7 and VW Nickel deposits at Junior Lake with ongoing surface water testing expanded to include lakes and drainage further out from the leases.
The purpose of water quality monitoring program was to characterize local baseline surface water quality and help in identifying potential receiving water environments. This data is required as one component to the supporting documentation for permit applications to various regulatory agencies for the project to be developed as a mining operation.
Bathymetry and fish habitat studies of Ketchikan Lake were conducted in 2007 and a bedrock surface investigation of the northern portion of Ketchikan Lake was completed in 2008. Terrestrial and fish habitat studies were also conducted by Golder over the property, subsequently reported in an environmental baseline study in 2009. Results of the vegetation surveys, wildlife surveys, and incidental observations did not identify any listed species within the site boundary that would trigger a specialised study.
The environmental and baseline studies are all pre-requisite for permitting requirements for the development of Landore’s 100%-owned BAM Gold deposit, B4-7 and VW Nickel deposits.
An upgraded resource estimate for B4-7 Deposit in 2018 reported:
Indicated
Inferred
for a total of 46,661t of contained metal
B4-7 Nickel-Copper-Cobalt-PGE Deposit
B4-7 deposit is located in the centre of Junior Lake’s mining lease area, approximately 1km west of the BAM Gold Deposit and 3 km northwest of the VW Nickel deposit.
The deposit mineralisation is hosted within a sub-vertical massive sulphide vein with stringers, net-textured and disseminated sulphides in the immediate hanging wall.
The B4-7 deposit outcrops at surface with upper 150m of deposit amenable to lower cost open pit mining. Below 150m, grade improves sufficiently for underground mining.
B4-7 Exploration Target 1.5 to 2.0 million tonnes at similar grades as Resource (potential ~18,000 to 24,000 tonnes of contained metal)
A NI 43-101 compliant MRE in 2018, using cut-off NSR value of $22/t within pit shell and $62/t for underground mineral resources, reported:
Indicated
Inferred
All resources are NI 43-101 Compliant
VW Nickel-Copper-Cobalt Deposit
The VW Nickel deposit was discovered by Landore in late 2005, located at Ketchikan Lake in central part of Junior Lake.
Drilled 142 diamond NQ size holes for 35,339 metres from 2005-2010.
VW deposit outcrops at surface with upper 150m of deposit amenable to lower cost open pit mining. Below 150m, the grade improve sufficiently on the main Katrina zone for underground mining.
Metallurgical studies completed in 2008 indicate nickel concentrate grades and recoveries ranging from 14% nickel @ 74% recovery to 10% nickel @ 80% recovery.
Lamaune Gold – Iron ore
Prospect is host to:
Gold
Exploration target
1,350,000 – 1,650,00
tonnes containing
40/50,000
oz Au
at 0.3g/t cut-off
Iron Ore
Exploration potential
Up to 500 million tonnes
of mineralization grading from 25% Fe to 35% Fe
Other base metal
prospects
December 2017 Mineral Resource Estimate
Lamaune Gold- Iron Ore Prospect
The Lamaune lease area of the Junior Lake property is owned by Lamaune Iron Inc., our 90.3% owned subsidiary, a privately held mining exploration company seeking to grow shareholder value through continued exploration and development in northern Ontario, Canada.
Lamaune is located approximately 235 km northeast of Thunder Bay in Ontario and is host to the Lamaune Gold prospect and Lamaune Magnetite Iron Project.
The Lamaune Gold prospect consists of a Conceptual Exploration target of 1,350,000 to 1,650,000 tonnes, containing between 40,000 and 50,000 ounces of gold at 0.3g/t cut-off.
The size of this conceptual exploration target was determined by a 3D model and a conceptual mineral inventory for the Gold prospect. The conceptual inventory indicates that the Lamaune Gold prospect is a viable exploration target. Its proximity to the Lamaune Iron deposit has the distinct advantage that almost every drill hole intersects both deposits, with resultant economic savings. Should they be advanced to development stage, these savings will continue with the mining of both deposits simultaneously.
Lamaune’s main objective is to define a mineable iron ore resource.
Highlights
- Low-cost 100%-owned Ontario Gold and Iron project
- Exploration target of 1,350,000 – 1,650,000 tonnes containing 40-50koz Au at 0.3g/t
- Rich 25-35% Fe grade
- Deposit outcrops on surface – zero strip ratio
- Excellent access to rail and port infrastructure
- Potential offtake partners in Great Lakes region
- Experienced and proven board and management team
A mineral resource estimate (NI 43-101 compliant) completed in 2008 reported:
Inferred
Inferred
Inferred
Using an NSR value of
December 2017 Mineral Resource Estimate
Lessard – Copper, Zinc & Silver
The Lessard property hosts a copper-zinc-silver deposit located approximately 107 kilometres north of Chibougamau in Quebec.
It is located in proximity to the Troilus Gold Project, which is potentially one of Canada’s largest gold mines.
All of the resource is in the inferred category. The Lessard deposit remains open down dip.
Miminiska Lake & Keezhik properties
We recently divested our Miminiska Lake and Keezhik Lake Properties in Thunder Bay, Ontario via a 100% option agreement between Landore Resources Canada Inc. and TSX-V-listed Storm Exploration Inc.