Drilling Report

RNS Number : 1732L

Landore Resources Limited

04 May 2010

 



LANDORE RESOURCES LIMITED

DRILLING UPDATE

JUNIOR LAKE-LAMAUNE GOLD PROSPECT

Highlights: 

·    Drilling continues to intersect widespread gold mineralization on the Junior Lake-Lamaune Gold Prospect including:

25.50 metres @ 0.93g/t gold in drill-hole 1110-94 in the southern zone and

0.5 metres @ 46.08g/t gold in drill-hole 1110-97 in the northern vein

·    The southern zone of broad gold mineralization has now been intersected over 500 metres of strike, outcrops on surface and has been drilled to a depth of 200 metres. The gold mineralization is open to depth and along strike to the east and west.

The Junior Lake property:

The Junior Lake property, 100% owned by Landore, is located in the province of Ontario, Canada, approximately 235 kilometres north-northeast of Thunder Bay and is host to; the Lamaune Gold Prospect, the VW Nickel deposit, the B4-7 Nickel-copper deposit, the Lamaune Iron deposit and numerous other highly prospective mineral occurrences .

Lamaune Gold Prospect:

Drilling re-commenced on the Lamaune Gold Prospect in January 2010 and to date a further 41 drill-holes (1110-84 to 1110-130) have been completed for 6,082 metres.

Mineralized intersections not previously reported include:

Drill-hole	From	Intersection	Gold
No	Metres	Metres	g/t
1110-94	103.00	25.50	0.93
including	121.50	1.50	6.62
1110-95	52.50	10.50	0.99
1110-96	189.00	3.00	1.66
1110-97	61.60	12.40	2.27
including	70.60	0.50	46.08
1109-99	61.80	14.75	0.56
1110-100	90.06	12.44	0.56
1110-101	49.50	21.10	0.62
1110-107	65.20	10.70	0.30
1110-108	142.50	21.00	0.58
1110-118	13.70	0.55	6.39

The current campaign has confirmed the presence of gold mineralization with the identification of two distinct zones; a southern wide, low grade gold zone and a northern narrow, high grade zone containing significant gold intersections.

The southern broad zone of gold mineralization, frequently outcropping at surface, has now been intersected over 500 metres of strike  and has been drilled to a depth of 200 metres. The zone remains open along strike in both directions and at depth.  Gold mineralization is associated with quartz and quartz-carbonate veinlets, pyrrhotite and arsenopyrite in a silicified garnetiferous amphibolite host. 

In addition, a high grade quartz vein has been intersected in close proximity to the above anomalous gold mineralization.

The mineralogy of the high grade quartz vein is simple and the gold occurs as 'native gold' with gangue of quartz, calcite and muscovite and sulphides, of arsenopyrite and pyrrhotite. Visible gold has been observed in 7 drill holes of the Lamaune Gold prospect.

Recent drill results continue to be encouraging. Drilling is ongoing and further results are pending.

Metallurgical studies have commenced to determine the amenability of the low grade gold mineralization to heap leaching and the high grade gold mineralization to gravity separation. Both are simple and low capital cost extraction methods and could be advanced to production in a relatively short time period.

Landore is also initiating an independent study to determine the work required to advance the Lamaune Gold prospect to resource status.  

Andrew Cheatle, (P. Geo., MBA, FGS, ARSM), General Manager of Landore Resources Canada Inc 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 Richard Prickett, Chief Executive     Landore Resources Limited	Tel: [phone] Tel: [phone] www.landore.com
Simon Raggett Strand Hanson Limited Nominated Adviser/Joint Broker Ewan Leggat                                                                                                      Fairfax I.S. PLC Joint Broker	Tel: [phone] Tel: [phone]
David Bick	Tel: [phone]

 

END

 

 

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