Landore Resources Limited
08 December 2005
LANDORE RESOURCES LIMITED
('Landore' or 'the Company')
JUNIOR LAKE
DRILLING PROGRESS REPORT-VW ZONE.
Additional drilling on the recent significant nickel discovery at Ketchikan
Lake, toward the southeastern end of the Junior Lake property, Ontario Canada,
has consistently intersected wide sulphide mineralization with early assay
results returning high grades of up to 1.37% nickel over 4 metres including 3.7%
nickel over 0.7 metres.
Following the highly encouraging results from the June drilling campaign, an
additional ten diamond drill NQ holes (0405-38 to 0405-47), for 3,875 metres,
have been completed on the VW zone, Ketchikan Lake, to test the strike and dip
extents over a strike length of 250 metres and vertical depths of approximately
300 metres. Two of these holes tested AeroTEM airborne high-conductance
anomalies to the east and west of the VW zone.
Mineralized intersections in the first three holes include:
+------------------------+---------------+------------------+------------------+
|Drill-hole | From | Width | Nickel |
+------------------------+---------------+------------------+------------------+
|No | Metres | Metres | % |
+------------------------+---------------+------------------+------------------+
|0405-38 | 58.4 | 21.5 | 0.34 |
+------------------------+---------------+------------------+------------------+
|Includes | | 4.4 | 0.52 |
| | | | |
+------------------------+---------------+------------------+------------------+
|0405-39 | 166.0 | 3.5 | 0.47 |
+------------------------+---------------+------------------+------------------+
|0405-40 | 39.3 | 5.3 | 0.41 |
+------------------------+---------------+------------------+------------------+
| | 83.5 | 14.0 | 0.37 |
+------------------------+---------------+------------------+------------------+
|Includes | | 4.3 | 0.62 |
+------------------------+---------------+------------------+------------------+
| | 129.0 | 11.8 | 0.28 |
+------------------------+---------------+------------------+------------------+
| | 171.0 | 8.0 | 0.31 |
+------------------------+---------------+------------------+------------------+
|Includes | | 1.5 | 0.70 |
+------------------------+---------------+------------------+------------------+
| | 184.5 | 1.9 | 0.53 |
+------------------------+---------------+------------------+------------------+
| | 225.5 | 40.1 | 0.44 |
+------------------------+---------------+------------------+------------------+
|Includes | | 4.0 | 1.37 |
+------------------------+---------------+------------------+------------------+
|which includes | | 0.7 | 3.70 |
+------------------------+---------------+------------------+------------------+
|Includes | | 3.9 | 0.86 |
+------------------------+---------------+------------------+------------------+
|Includes | | 2.6 | 1.24 |
+------------------------+---------------+------------------+------------------+
(All holes were inclined at -45degrees,)
Assays received from the first three holes have returned highly promising
results, the best being from hole 0405-40, drilled 75 metres to the west of hole
0405-36, which intersected 0.44% nickel over 40.1 metres including three high
grade intervals of 1.37% nickel over 4.0 metres, 0.86% nickel over 3.9 metres
and 1.24% nickel over 2.6 metres.
Assays for the remaining seven holes are pending and will be reported when
received.
Roscoe Postle Associates Inc. has been engaged to review the historical resource
estimate at Landore's Ni-Cu-PGE massive sulphide deposit ('B4-7' zone with a
historical estimate of 2.3 million tons at 0.87% Ni and 0.58% Cu, International
Mogul Mines, 1969) to determine the potential of bringing this resource up to
standards of National Instrument 43-101. Roscoe Postle will also evaluate
results from the VW zone in order to model the mineralized horizons within this
zone.
Lamaune Lake property (51%)
Landore has given notice that it intends to increase its interest to 80% by
expending a further $C 500,000 on exploration over the next three years. Lamaune
Lake abuts the Junior Lake property to the west and contains the highly
prospective Carrot Top zone which returned grades of up to 0.45% nickel and up
to 0.64% copper.
Further Drilling
The two drilling campaigns completed in May/June and October/November of this
year on the Junior Lake and Lamaune Lake properties have successfully identified
numerous nickel occurrences including the significant discovery at the VW zone
and the highly prospective New, PQ and Carrot Top zones.
Results from these campaigns are currently being collated and analyzed to
facilitate the planning of a substantial drilling programme (plus 10,000
metres), scheduled to commence in March 2006, to be carried out on the above
targets.
Landore is fully funded to carry out the proposed drill programme.
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
This information is provided by RNS
The company news service from the London Stock Exchange
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