Landore Resources Limited
08 January 2008
LANDORE RESOURCES LIMITED
(AIM Ticker: LND.L)
DRILLING RESULTS AND PROGRESS REPORT
JUNIOR LAKE-NICKEL PROJECT
B4-7 DEPOSIT
HIGHLIGHTS
• Infill drilling on the historic B4-7 nickel-copper-cobalt-platinum group
elements (Ni-Cu-Co-PGE) deposit, located just 3 kilometres from the VW
Nickel Deposit, has confirmed the continuity of the mineralization. The
deposit remains open down plunge to the West.
• Drilling intersected wide zones (up to 10 metres true width) of nickel
mineralization, with assay results frequently returning grades in excess of
1% nickel together with substantial credits of copper, assaying up to 1.65%,
and cobalt assaying up to 0.33%.
Mineralized intersections include:
+----------+--------+-------+--------+--------+--------+---------+-------+
|Drill-hole| From | Width | Nickel | Copper |Platinum|Palladium|Cobalt |
+----------+--------+-------+--------+--------+--------+---------+-------+
| No | Metres |Metres | % | % | g/t | g/t | % |
+----------+--------+-------+--------+--------+--------+---------+-------+
| 0407-163 | 146.9| 14.7| 0.79| 0.49| 0.161| 0.778| 0.09|
+----------+--------+-------+--------+--------+--------+---------+-------+
|Including | 146.9| 1.1| 0.61| 0.33| 0.108| 0.310| 0.33|
+----------+--------+-------+--------+--------+--------+---------+-------+
|Including | 148.0| 5.0| 1.03| 0.52| 0.129| 0.875| 0.07|
+----------+--------+-------+--------+--------+--------+---------+-------+
|Including | 161.0| 0.6| 0.33| 1.65| 0.040| 0.233| 0.32|
+----------+--------+-------+--------+--------+--------+---------+-------+
| | | | | | | | |
+----------+--------+-------+--------+--------+--------+---------+-------+
| 407-170 | 34.0| 2.0| 0.63| 0.08| 0.230| 2.454| 0.03|
+----------+--------+-------+--------+--------+--------+---------+-------+
| and | 100.0| 11.0| 1.04| 0.54| 0.413| 0.512| 0.09|
+----------+--------+-------+--------+--------+--------+---------+-------+
| and | 112.8| 0.5| 0.70| 0.30| 0.076| 0.085| 0.30|
+----------+--------+-------+--------+--------+--------+---------+-------+
| and | 122.1| 0.9| 1.27| 0.09| 0.039| 0.067| 0.09|
+----------+--------+-------+--------+--------+--------+---------+-------+
| | | | | | | | |
+----------+--------+-------+--------+--------+--------+---------+-------+
| 407-171 | 70.3| 12.7| 0.76| 0.64| 0.112| 0.296| 0.12|
+----------+--------+-------+--------+--------+--------+---------+-------+
|Including | 72.6| 1.4| 0.80| 0.99| 0.177| 0.489| 0.23|
+----------+--------+-------+--------+--------+--------+---------+-------+
| | | | | | | | |
+----------+--------+-------+--------+--------+--------+---------+-------+
| 407-173 | 131.1| 4.9| 0.90| 0.65| 0.034| 0.111| 0.11|
+----------+--------+-------+--------+--------+--------+---------+-------+
| | | | | | | | |
+----------+--------+-------+--------+--------+--------+---------+-------+
| 407-176 | 194.6| 16.8| 0.53| 0.34| 0.122| 0.174| 0.05|
+----------+--------+-------+--------+--------+--------+---------+-------+
|Including | 202.0| 2.0| 1.03| 0.60| 0.313| 0.327| 0.08|
+----------+--------+-------+--------+--------+--------+---------+-------+
The Junior Lake property:
The Junior Lake property is located in the province of Ontario, Canada,
approximately 235 kilometres north-northeast of Thunder Bay and is situated
within the Caribou-O-Sullivan Greenstone Belt in the Wabigoon Subprovince. The
VW Nickel Deposit is located at Ketchikan Lake toward the south eastern end of
the Junior Lake property and the B4-7 Deposit is located approximately 3
kilometres to the north-west of the VW Nickel Deposit.
B4-7 Nickel-Copper Deposit:
A drill programme, consisting of 16 NQ size holes (0407-162 to 0407-177) for a
total of 3,575 metres, has been completed on the B4-7 Nickel-Copper Deposit. The
programme was designed to infill the remaining gaps in the deposit and for
additional metallurgical testing.
Final assay results have now been received and are currently being collated
after which the data will be forwarded to Scott Wilson Roscoe Postle Associates
Inc. (Scott Wilson RPA), consulting and engineering group from Toronto, Canada,
who have been engaged to independently prepare a NI43-101 resource estimate and
report on the B4-7 Nickel-Copper Deposit.
All drill core was photographed prior to being cut for assaying. Samples were
analyzed at Accurassay Laboratories (ISO/IEC 17025), Thunder Bay, Ontario, by
geochemical analysis with atomic absorption finish (Ni). All samples reporting
results of 1% nickel or higher were re-analysed by the assay method with atomic
absorption finish. Check assays, standards and laboratory duplicates were
performed on a systematic basis at Accurassay Laboratories. ALS Chemex
Laboratory in Vancouver, BC also completed systematic checks. Core is stored at
site and in Landore's facilities in Thunder Bay, Ontario. Rejects are stored at
Accurassay Laboratories and in Landore's facilities in Thunder Bay.
VW Nickel Deposit:
Scott Wilson RPA, are currently preparing a Canadian National Instrument 43-101
(NI43-101) compliant resource estimate upgrade on the VW Nickel Deposit.
On completion of the resource upgrade on the VW Deposit, (estimated February)
and the resource estimate of the B4-7 Deposit (estimated April) a full, NI43-101
compliant, Scoping study will be completed on the combined deposits.
SGS Lakefield Research Limited of Lakefield, Ontario, has been engaged to
complete second stage metallurgical testing of the VW Nickel ore to Scoping
Study level.
James Garber, (BSc. Hons. Geology, member of APGO) a Director of Landore
Resources Ltd and a qualified person as defined in the Canadian National
Instrument 43-101, has reviewed and verified all scientific or technical mining
disclosure contained in this announcement, which is stated in accordance with
the Canadian Institute of Mining Metallurgy and Petroleum.
- ENDS -
For more information please contact:
Bill Humphries, Chairman Tel: 07734 681262
Richard Prickett, Chief Executive Tel: 07775 651421
Landore Resources Limited www.landore.com
Simon Raggett Tel: 020 7409 3494
Strand Partners Limited
David Bick Tel: 07831 381201
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.