Corporate Update and 2026 Field Programme
Landore Resources Limited announced its 2026 field programme will commence on May 14, 2026, focusing on infill sampling and structural refinement at the Lamaune Gold Prospect to advance towards a maiden NI 43-101 compliant resource classification. The company is also in discussions regarding potential strategic pathways for its Lessard and Nevada properties, exploring options like joint ventures and asset-level transactions to maximize shareholder value. Landore Resources confirmed it is fully funded for the current field programme and associated corporate activities, with previous drilling at Lamaune in 2009 and 2010 yielding significant gold intercepts, including Hole 1109-75 returning 3.00 metres at 9.14 g/t Au.
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London, United Kingdom - 7 May - Landore Resources Limited (AIM: LND) ("Landore Resources" or the "Company"), is pleased to provide an update on strategic developments and the commencement of its 2026 field programme.
The Company continues to make progress on a number of initiatives aimed at unlocking value across its asset base, with discussions ongoing with several parties regarding potential strategic pathways for the Lessard and Nevada properties. These conversations encompass a range of options including joint ventures, partnerships and potential asset-level transactions, all with the objective of maximising shareholder value whilst maintaining focus on the Company's core priorities.
With an active exploration season about to begin and strategic negotiations progressing, the Company enters this next phase with clear direction and growing momentum.
2026 Field Programme
The Company confirms that its 2026 field programme will commence on 14 May 2026, with the primary technical objective being infill sampling and structural refinement at the Lamaune Gold Prospect ("Lamaune"), aimed at improving geological confidence and advancing understanding of the mineralised system with a view to supporting future resource evaluation work, including potential advancement towards a maiden NI 43-101 compliant resource classification.
Located within the western portion of the Junior Lake Greenstone Belt, Lamaune is regarded by the Board as the most compelling near-term priority within the broader property.
First prospected in the early-to-mid 2000s, drilling programmes intersected multiple near-surface gold-bearing zones, confirming a consistent mineralised trend associated with sheared mafic units and localised quartz veining.
Prior drilling conducted in 2009 and 2010[1] returned broad intervals of anomalous to high-grade gold, with typical intercepts comprising multi-metre zones grading between 1-4 g/t Au, punctuated by narrower higher-grade shoots, establishing lateral continuity over several hundred metres. Subsequent technical review confirmed the prospect to be a gold-dominant system characterised by structurally controlled, shear-zone hosted mineralisation.
Highlights from drill campaign 2009/2010 reported:
| Hole ID | From (m) | Interval (m) | Grade (g/t Au) | Notes |
|---|---|---|---|---|
| 1109-75 | 41.00 | 3.00 | 9.14 | Including 0.60 m @ 35.63 g/t Au (high-grade shoot) |
| 1109-76 | 145.00 | 1.00 | 4.55 | Narrow mineralised intercept |
| 1109-82 | 88.63 | 0.50 | 53.12 | High-grade quartz vein |
| 1109-83 | 57.50 | 21.50 | 0.99 | Including 5.37 m @ 1.47 g/t Au and 1.50 m @ 3.35 g/t Au |
| 1110-88 | 73.8 | 0.60 | 118.66 | Discrete high-grade quartz vein intercept (isolated) |
Building on this foundation, refinements in geological modelling over recent years have demonstrated that the deposit is well positioned for advancement, requiring only modest additional fieldwork to satisfy the requirements of an independent resource estimation. The 2026 programme will focus on:
- Targeted infill sampling across key historic drill holes
- Structural refinement and validation
- Selective re-logging to strengthen continuity models
- Updated modelling to prepare the deposit for independent resource estimation
This work represents a major step in demonstrating the broader mineralisation potential of Junior Lake, with Lamaune serving as the first discrete gold resource within the wider land package.
The Company is fully funded for the current field programme and associated corporate activities, enabling it to execute its planned exploration and technical work programme as scheduled, without the need for additional funding for these activities.
Alexander Shaw, Chief Executive Officer of Landore Resources, commented:
"As we head into the start of the field programme, our focus is very clear: advance Lamaune toward a defined maiden 43-101 gold resource. It's the most straightforward, cost-effective way to demonstrate value and reinforce the district-scale growth potential at Junior Lake. Concurrently, we are also pursuing strategic options for our Lessard and Nevada properties, with ongoing discussions aimed at unlocking further value across our broader asset base for the benefit of all shareholders."
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