Progress Report
Landore Resources Limited
11 July 2007
LANDORE RESOURCES LIMITED
(AIM Ticker: LND.L)
11 July 2007
PROGRESS REPORT
JUNIOR LAKE-NICKEL PROJECT
HIGHLIGHTS
•Drilling on the VW Zone Nickel Project continues to intersect multiple
zones of resource grade nickel mineralization, with assay results
consistently returning grades in excess of 1% nickel. The zone remains open
along strike in both directions and at depth.
•Claim staking has significantly increased Landore's property holding at
Junior Lake, extending the property almost 5 kilometres to the east and
south-east covering the eastern strike extension of the structurally
deformed geology hosting the VW zone. The Junior Lake area properties now
extend over a strike length of 28 kilometres.
Mineralized intersections not previously reported include:
Drill-hole From Width Nickel
No Metres Metres %
0407-108 55.0 2.4 1.01
61.0 5.0 0.89
includes 64.0 2.0 1.42
0407-110 173.0 1.0 1.41
184.0 17.0 0.43
includes 197.0 1.0 1.32
218.0 18.0 0.65
includes 220.0 1.0 1.30
includes 233.0 2.0 2.36
0407-112 77.0 7.0 0.48
includes 82.0 1.0 1.59
0407-113 243.0 38.0 0.32
296.0 7.0 0.74
includes 302.0 1.0 1.35
318.0 5.5 0.70
0407-117 282.0 11.6 0.73
includes 290.0 2.0 1.48
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.
Diamond drilling resumed on the VW Zone in mid-April with 2 drill rigs. A
campaign of 60 holes for approximately 15,000 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 pre-feasibility
studies.
To date, 35 holes (0407-99 to 0407-134), for 9,876 metres, have been completed.
Results are pending for 18 of those holes.
At completion of the current campaign, (approximately mid September) the
drilling results will be collated and forwarded to Independent Engineers for a
National Instrument 43-101 Resource upgrade.
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.
Further releases will be made during the summer period as drilling continues.
Junior Lake Claim Staking
During June and July Landore staked and recorded 17 new claims to the east and
south-east of the Junior Lake property.
The new claims were staked as a direct result of the positive advancement of 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.
In addition, Landore has staked and recorded 5 new claims to the north and south
of the VW Zone for inclusion within the proposed area being advanced to Lease
status, required for possible mining.
The Junior Lake claim area is summarized as follows:
Junior Lake Claims Area Landore
Unpatented Leased Hectares
New claims for proposed Lease 5 528 100%
New claims to east 9 1,920 100%
New claims to south 8 1,984 100%
Claims prior to new staking 36 2 5,413 100%
Total 58 2 9,845 100%
The new claims extend the Junior Lake property almost 5 kilometres to the east
and south covering eastern strike extension of the structurally deformed geology
hosting the VW zone. The Junior Lake area properties now extend over a strike
length of 28 kilometres.
A variety of mineralized showings hosting nickel, gold, molybdenum,
copper-zinc-lead, and asbestos, as reported in the assessment files, are covered
by the new claims. Nickel mineralization hosted by peridotite (ultramafic
rock) in the Toronto Lake area is reported grading up to 0.96% Ni over 0.3 meter
by Pye, 1968. Other occurrences of nickel-copper mineralization associated
with a gabbro-anorthosite sill (Grassy Pond Sill) on a peninsula on the east
side of Toronto Lake and copper-zinc and lead sulphides intersected by drill
holes in felsic metavolcanics near the west shore under Toronto Lake are
reported by Berger, 1992, from information in the Assessment Files Research
Office (AFRO), Toronto.
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