Drilling Update
Landore Resources Limited
05 June 2007
LANDORE RESOURCES LIMITED
(AIM Ticker: LND.L)
DRILLING UPDATE
JUNIOR LAKE-NICKEL PROJECT
Drilling on the VW Zone Nickel Project continues to intersect wide zones of
nickel sulphide mineralization, extending the existing zone down dip, including
drill hole 0407-101 reporting an interval of 6 metres at 1.13% nickel, and along
strike to the west, which includes drill hole 0407-109 reporting an interval of
12 metres at 1.02% nickel.
Drilling is intersecting multiple zones of resource grade nickel mineralization,
with hole 0407-102 intersecting zones totalling an approximate true width of 51
metres at an average grade of 0.38% nickel across the 150 metre wide VW Zone
corridor.
Mineralized intersections in the first 9 holes include:
+------------------+------------------+-------------------+--------------------+
| Drill-hole | From | Width | Nickel |
+------------------+------------------+-------------------+--------------------+
| No | Metres | Metres | % |
+------------------+------------------+-------------------+--------------------+
|0407-99 | 74.0 | 11.4 | 0.56 |
| | | | |
+------------------+------------------+-------------------+--------------------+
| includes | 81.0 | 1.0 | 1.23 |
+------------------+------------------+-------------------+--------------------+
| | | | |
+------------------+------------------+-------------------+--------------------+
| 0407-101 | 110.0 | 4.0 | 0.47 |
+------------------+------------------+-------------------+--------------------+
| | 197.0 | 4.1 | 0.47 |
+------------------+------------------+-------------------+--------------------+
| | 302.0 | 6.0 | 1.13 |
+------------------+------------------+-------------------+--------------------+
| includes | 305.0 | 1.0 | 2.16 |
+------------------+------------------+-------------------+--------------------+
| | 330.0 | 4.0 | 0.69 |
+------------------+------------------+-------------------+--------------------+
| includes | 333.0 | 1.0 | 1.98 |
+------------------+------------------+-------------------+--------------------+
| | | | |
+------------------+------------------+-------------------+--------------------+
| 0407-104 | 105.0 | 3.0 | 0.59 |
+------------------+------------------+-------------------+--------------------+
| | 114.0 | 15.0 | 0.30 |
+------------------+------------------+-------------------+--------------------+
| | | | |
+------------------+------------------+-------------------+--------------------+
| 0407-105 | 233.0 | 3.0 | 0.85 |
+------------------+------------------+-------------------+--------------------+
| | | | |
+------------------+------------------+-------------------+--------------------+
| 0407-106 | 161.0 | 5.0 | 0.59 |
+------------------+------------------+-------------------+--------------------+
| | 220.0 | 18.0 | 0.40 |
+------------------+------------------+-------------------+--------------------+
|includes | 221.0 | 3.0 | 0.77 |
+------------------+------------------+-------------------+--------------------+
| | | | |
+------------------+------------------+-------------------+--------------------+
|0407-109 | 103.0 | 1.1 | 1.11 |
+------------------+------------------+-------------------+--------------------+
| | 119.0 | 12.0 | 1.02 |
+------------------+------------------+-------------------+--------------------+
|includes | 122.0 | 2.7 | 2.00 |
+------------------+------------------+-------------------+--------------------+
| | 135.0 | 6.0 | 0.52 |
+------------------+------------------+-------------------+--------------------+
|includes | 139.0 | 2.0 | 0.93 |
+------------------+------------------+-------------------+--------------------+
The Junior Lake properties are located in the province of Ontario, Canada,
approximately 235 kilometres north-northeast of Thunder Bay and are situated
within the Caribou-O-Sullivan Greenstone Belt in the Wabigoon Subprovince.
The VW Zone Nickel Project is located at Ketchikan Lake toward the south eastern
end of the Junior Lake property.
Following the successful 2006 drilling campaign on the VW Zone, Scott Wilson
Roscoe Postle Associates Inc. (Scott Wilson RPA), Toronto, was retained by
Landore to independently carry out a resource estimate for the VW zone and to
prepare a National Instrument 43-101 compliant technical report, which was
reported on the 19th February 2007.
VW Zone Inferred Resource at 0.2% Nickel Cut-Off Grade,
Tonnes Ni% Cu% Nickel Tonnes Copper Tonnes
4,202,776 0.34 0.05 14,300 2,100
Scott Wilson RPA recommended that additional exploration drilling be undertaken
to expand the resources to depth, particularly on the northern side of the VW
deposit where the sub-zones are tested to shallower depths compared to the
southerly sub-zones. Similarly further drilling should be carried out on the
west side, following which the VW Zone modeling and resource estimate should be
updated.
Diamond drilling resumed on the VW Zone in mid-April with 2 drill rigs. A
campaign of 60 holes for approximately 13,000 metres is underway, with one rig
dedicated to extending the existing inferred resource along strike in both
directions and down dip, with the second rig carrying out infill drilling to
advance the resource to 'Indicated' status, a requirement for 'scoping' and or
pre-feasibility studies.
To date, 20 holes (0407-99 to 0407-119), for 4,723 metres, have been completed.
Results are pending for 11 of those holes.
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.
Additional drilling is also planned for further metallurgical studies as well as
geotechnical testing on the VW Zone.
Further releases will be made during the summer period as drilling continues.
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