Landore Resources Limited
03 April 2007
LANDORE RESOURCES LIMITED
(AIM Ticker: LND.L)
WEST GRAHAM-FIRST NICKEL OPTION
DRILLING REPORT
First Nickel Inc. ('First Nickel') has entered into an option agreement with
Landore Resources Canada Inc. to acquire a 70 per cent. interest in the West
Graham property which is strategically located immediately to the south of the
East Zone of the Lockerby Mine within the Sudbury basin.
First Nickel is carrying out exploration on Landore's West Graham property and
in December 2006 completed its second drilling programme. The following is an
extract from their recently published results:
'April 2 2007 - Toronto, Ontario - First Nickel Inc. (FNI - TSX) is pleased to
report the results of 21 diamond drill holes representing 9,731 metres of
diamond drilling on the West Graham Property during the 2006 exploration
program.
First Nickel's exploration program was successful in discovering 'no seeum' or
low sulphide type platinum group element (PGE) mineralization, hosted in the
footwall granites stratigraphically below the Conwest Deposit and associated
with a Subury breccia and less than 5% sulphides. FNI2020, drilled sub parallel
to the Sudbury Igneous Complex (SIC) contact in the footwall of the Conwest
Deposit, intersected several zones of elevated PGE mineralization including 1.35
metres of 1.82 gpt Pt, 1.17 gpt Pd and 0.77 gpt Au and 0.57 metres of 2.7 gpt
Pt, 1.93 gpt Pd and 0.13 gpt Au. All assay intervals reported are core length
and do not represent true widths (defined as being measured at right angles to
the direction of extension of the sulphide body).
This low sulphide, PGE zone represents a new mineralization style not previously
recognized on the West Graham Property. Limited exploration has been focused on
footwall-hosted mineralization on the West Graham property and the discovery of
this new zone of 'noseeum' style PGE mineralization emphasizes the potential of
the West Graham property to host additional footwall zones. Surface mapping has
identified Sudbury breccia extending several hundred metres into the footwall
granites that will require further follow-up exploration.
First Nickel was also successful in extending the disseminated sulphide zone
associated with the Conwest Deposit approximately 125 metres to the east of the
previously interpreted edge. Several holes intersected significant widths of
disseminated nickel-copper mineralization, including hole FNI2028 that
intersected 71.50 metres of 0.51% Ni and 0.34% Cu including 4.80 metres of 1.04%
Ni and 0.31% Cu, and FNI2016 that intersected 19.05 metres of 0.52% Ni and 0.48%
Cu.
The reconnaissance drill hole program was designed to test the SIC contact on 50
metres by 150 metres centres to the east of the Conwest Deposit.
The 2006 exploration program has confirmed the presence of a large mineralized
system associated with the SIC. The Conwest deposit has been interpreted as the
up-plunge extension of the Lockerby East system. Although dominated by lower
grade mineralization, the West graham Property remains of considerable interest
to First Nickel given the high nickel tenors associated with the sulphide
mineralization (on average greater than 6% Ni in 100% sulphide), and the
footwall potential of the granites to the south of the Conwest Deposit and the
Lockerby East Zone.
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|Hole |From |To |Length |Ni |Cu |Co |Au |Pt |Pd |Ag |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
| Metres | % | % | % |ppm |ppm |ppm |Gpt |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|FNI2010 |450.00 |451.10 | 1.10 |1.79 |0.20 |0.040 |0.05 |0.46 |0.08 | 1.00 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|FNI2011 |425.95 |426.45 | 0.50 |1.59 |0.07 |0.030 |0.01 |0.34 |0.09 | 0.70 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|FNI2012 |297.90 |309.10 | 11.20 |0.43 |0.36 |0.016 |0.04 |0.08 |0.03 | 1.78 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|and |374.20 |374.30 | 0.10 |0.12 |2.20 |0.001 |1.63 |0.01 |0.03 |13.30 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|FNI2013 |448.10 |453.80 | 5.70 |0.45 |0.63 |0.015 |0.07 |0.40 |0.11 | 2.60 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|and |460.60 |465.20 | 4.60 |0.93 |0.61 |0.027 |0.14 |0.18 |0.09 | 2.35 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|Incl. |460.60 |461.30 | 0.70 |1.98 |0.41 |0.060 |0.15 |0.06 |0.18 | 1.60 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|FNI2015 |378.30 |379.60 | 1.30 |1.39 |0.65 |0.040 |0.09 |0.17 |0.37 | 3.40 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|FNI2016 |430.80 |449.85 | 19.05 |0.52 |0.48 |0.019 |0.05 |0.09 |0.03 | 2.23 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|Incl. |447.25 |447.60 | 0.35 |3.77 |0.36 |0.090 |0.01 |0.36 |0.04 | 2.70 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|FNI2020 |663.60 |664.95 | 1.35 |0.18 |0.14 |0.001 |0.77 |1.82 |1.17 | 3.31 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
| |673.70 |674.00 | 0.30 |0.08 |0.04 |0.001 |0.24 |1.05 |0.56 | 0.70 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
| |675.43 |676.00 | 0.57 |0.21 |0.07 |0.001 |0.13 |2.70 |1.93 | 2.10 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
| |683.95 |684.90 | 0.95 |0.06 |0.00 |0.001 |0.04 |1.00 |0.69 | 1.00 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
| |733.30 |736.20 | 2.90 |0.38 |0.45 |0.005 |0.26 |0.64 |0.37 | 4.94 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|FNI2028 |163.00 |234.50 | 71.50 |0.51 |0.34 |0.018 |0.02 |0.06 |0.02 | 1.70 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|Incl. |189.00 |203.30 | 14.30 |0.83 |0.44 |0.029 |0.02 |0.07 |0.03 | 1.85 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|Incl. |189.00 |189.70 | 0.70 |2.29 |0.93 |0.080 |0.02 |0.06 |0.06 | 4.00 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|Incl. |198.50 |203.30 | 4.80 |1.04 |0.31 |0.033 |0.02 |0.07 |0.03 | 1.29 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
|FNI2029 |157.70 |169.70 | 12.00 |0.51 |0.31 |0.023 |0.02 |0.06 |0.02 | 1.53 |
+---------+--------+--------+--------+------+------+-------+------+------+------+-------+
Significant Drill Intercepts in the 2006 West Graham Diamond Drill Hole Programs
A $900,000 exploration program has been proposed for the West Graham Property in
2007. The exploration program will consist primarily of diamond drilling with
associated borehole geophysics and may include a component of surface stripping
and trenching.'
- ENDS -
For more information please contact:
Bill Humphries, Chairman Tel: 07734 681262
Richard Prickett, Chief Executive Tel: 07775 651421
Landore Resources Limited
Simon Raggett
Strand Partners Limited Tel: 020 7409 3494
David Bick Tel: 07831 381201
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The company news service from the London Stock Exchange
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