Wed, 19th Nov 2014 07:00 RNS Number : 3340X Landore Resources Limited 19 November 2014
LANDORE RESOURCES LIMITED (AIM Ticker: LND.L)
DRILLING INTERSECTS HIGH GRADE PALLADIUM AND PLATINUM
JUNIOR LAKE NICKEL-COPPER-PGE PROPERTY
London, United Kingdom - 19 November 2014 - Landore Resources Limited (AIM:LND) ("Landore Resources" or "the Company") today announces a drilling update on the Junior Lake Nickel-Copper-PGE Property, Ontario, Canada.
The recently completed drill programme, targeting several prospective areas identified by geophysics, has successfully intersected highly promising mineralisation including:
· A down dip extension of the main B4-7 massive sulphide zone 140 metres below the existing resource on line 00 with drill-hole 0414-503 reporting 0.6 metres at 1.01% Nickel (Ni), 0.09% Copper (Cu), 0.06% Cobalt (Co), 0.41g/t Palladium (Pd), and 0.03g/t Platinum (Pt).
· High grade Alpha zone platinum group element (PGE) mineralisation, also on drill-hole 0414-503, reporting 0.56 metres at 10.90g/t Pd and 11.50g/t Pt and 0.72 metres at 12.85g/t Pd and 2.50g/t Pt.
· Shallow, high grade nickel as well as Alpha zone PGEs on line 275E, with drill-hole 0414-504 reporting 0.58 metres at 1.77% Ni, 0.20% Cu, 0.08% Co, 3.27g/t Pd, and 0.09g/t Pt.
· Exploration drilling southwest of the VW Nickel deposit has discovered significant near-surface precious metal mineralisation with drill-hole 0414-495 reporting 0.34 metres at 1.21g/t gold, 280g/t silver and 2.25% Zinc.
Moving drills at present, give them time to set up, and we should be drilling again in 10 days on VW West (nickel) project. Excellent start with the exploration results this morning, assume when all results are in on B47 a infill drilling program will be set out, followed by a resource update. IMO next drilling results could be reported in a couple of weeks
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