A gold property in the Lake Nipigon area with “multi-million ounce” potential is up for sale by Landore Resources.
The British company said in a news release that it’s started a “strategic review” of its Canadian assets. The board of directors would entertain a sale of its Junior Lake Project, particularly its BAM gold deposit, would consider a joint venture deal, a strategic partnership, or some kind of combination.
With 1.5 million ounces of gold in the ground, and more likely to be found, the company said its board believes the timing is right to put BAM on the block. Meanwhile, a drilling program is being queued up for July.
