LONDON (Alliance News) - Landore Resources Ltd said Monday that preliminary data from its 3-simernaional geophysics survey of its Junior Lake Property in Ontario, Canada, indicated the potential to grow its existing B4-7 and VW nickel deposits.
The survey data covered 700 metres below the surface over an area of 3.4 by 2.2 kilometres. Final results from the survey are expected in early May.
The company will commence a 4,000 metre drill programme to start July 7, 2014, to test prospective targets identified by ground electromagnetic, very low frequency and magnetic geophysical surveys undertaken in December, 2013, and this survey.
Shares in Landore were trading up 4.6% at 2.30 pence Monday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Landore (LND)