Drilling Results
Landore Resources Limited
29 November 2007
LANDORE RESOURCES LIMITED
(AIM Ticker: LND.L)
DRILLING RESULTS AND PROGRESS REPORT
JUNIOR LAKE-NICKEL PROJECT
HIGHLIGHTS
* Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA), consulting
and engineering group from Toronto, Canada, have commenced work on a
Canadian National Instrument 43-101 (NI43-101) compliant resource estimate
upgrade on the VW Nickel Project located on the Junior Lake Property.
* Drilling on the VW Nickel deposit regularly intersected multiple zones of
resource grade nickel mineralization, with assay results frequently
returning grades in excess of 1% nickel.
Mineralized intersections not previously reported include:
+-----------+---------+----------+----------+
|Drill-hole | From| Width| Nickel|
+-----------+---------+----------+----------+
|No | Metres| Metres| %|
+-----------+---------+----------+----------+
|0407-145 | 199.0| 8.0| 0.75|
+-----------+---------+----------+----------+
|Includes | 201.0| 1.0| 1.15|
+-----------+---------+----------+----------+
|0407-149 | 198.0| 13.9| 0.66|
+-----------+---------+----------+----------+
|Includes | 204.0| 2.0| 1.28|
+-----------+---------+----------+----------+
|0407-150 | 56.0| 5.9| 0.82|
+-----------+---------+----------+----------+
|Includes | 56.0| 1.0| 1.58|
+-----------+---------+----------+----------+
|0407-151b | 279.0| 5.3| 1.12|
+-----------+---------+----------+----------+
|0407-155 | 248.0| 1.3| 1.22|
+-----------+---------+----------+----------+
|0407-156 | 312.0| 5.0| 0.96|
+-----------+---------+----------+----------+
|Includes | 312.0| 1.0| 1.79|
+-----------+---------+----------+----------+
|0407-159 | 110.0| 4.0| 0.62|
+-----------+---------+----------+----------+
|Includes | 113.0| 1.0| 1.38|
+-----------+---------+----------+----------+
|0407-160 | 222.6| 6.5| 0.56|
+-----------+---------+----------+----------+
|And | 246.0| 15.4| 0.50|
+-----------+---------+----------+----------+
|Includes | 257.0| 1.0| 2.35|
+-----------+---------+----------+----------+
|And | 271.5| 12.0| 0.67|
+-----------+---------+----------+----------+
|Includes | 277.0| 1.0| 1.52|
+-----------+---------+----------+----------+
|0407-161 | 16.1| 4.9| 1.20|
+-----------+---------+----------+----------+
|Includes | 20.0| 1.0| 2.21|
+-----------+---------+----------+----------+
Commenting on the drilling, Chairman of Landore Resources, Bill Humphries, said:
'These excellent results are expected to significantly expand the VW Nickel
resource estimate completed by Scott Wilson RPA earlier this year. In addition
the deposit remains open to the east and west along strike giving confidence for
further resource expansion.'
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 Deposit.
VW Nickel Deposit.
An infill and extension drill programme, consisting of 63 NQ size holes (0407-99
to 0407-161,178) for a total of 17,361 metres, has been completed on the VW
Nickel Deposit. Drilling has now tested the VW deposit at approximately 25 x 50
metre spacing over a strike length of 500 metres and to a vertical depth of 300
metres.
All base metal assays have been received and nickel values continue to reflect
intersections of sulphide mineralization noted in drill core with grades often
exceeding 1% nickel. Good continuity is evident within the Katrina Horizon which
is now traceable along 500 metres of the VW deposit drill tested to date and the
zone remains open to the east and west along strike and at depth. Since the
strike length of the deposit was extended with an improvement in nickel grades,
the results of the drill program are expected to significantly expand the
previous resource estimate completed by Scott Wilson RPA.
A unit of extensively altered, variably textured and well-mineralized variety of
mafic volcanics was recently recognized within the Katrina Horizon toward the
west end of the deposit. This unit has a true thickness varying from 20 to 70
metres (DDH 0407-102, line 3050E) and to date has been traced over a strike
length of 100 metres with a vertical extent of about 100 metres, from 25 to 135
metres depth. The unit appears to plunge steeply to the west at 45-50 degrees
and currently remains open at depth.
An ultramafic succession exemplified by talc schists and peridotitic rock types
at the west end and north of the VW deposit has also been found to be
mineralised with pyrrhotite and pentlandite. Nickel assays of 0.2% to 0.3% were
returned over an intersection of several metres at shallow depths (DDH
0407-151b). Mineralisation of this grade within ultramafic rocks is a new
discovery and the extent and exploration potential is unknown. Petrographic
studies and additional sampling of this unit will be completed to evaluate the
significance of this discovery.
Scott Wilson RPA have commenced work on a NI43-101 compliant resource estimate
upgrade on the VW Nickel Project.
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, to test the
continuity of the hanging wall mineralization and for additional metallurgical
testing.
Core logging and sampling of the core continues. Final assay results are
expected by late December at which stage they will be collated and forwarded to
Scott Wilson RPA, Toronto, to independently prepare a NI43-101 resource estimate
and report on the B4-7 Nickel-Copper Project
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.
Junior Lake Claim Staking
During October Landore staked and recorded 3 new claims to the southeast of and
contiguous to the Junior Lake property.
The new claims were staked as a direct result of the positive advancement the VW
zone nickel deposit and the good potential for the discovery of additional base
and precious metal mineralization along strike within this geological setting in
the East-Central Caribou Lake greenstone belt.
The Junior Lake property now consists of 71 unpatented claims (774 units
covering 12,384 hectares) plus 2 leases (52.97 hectare) totalling 12,437
hectares.
Further releases will be made as results become available.
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