LONDON (Alliance News) - Landore Resources Limited Monday said it is reviewing the exploration potential of its Junior Lake Nickel-Copper property in Canada.
The mineral exploration-and-development junior said it is to review the geological context of certain mineralisation in its VW Nickel deposit on the site after mineral resource tests found favourable location for magmatic nickel-copper sulphide mineralisation.
The tests led to a recommendation that rapid screening tests of large areas should be undertaken to evaluate two sulphide horizons.
In 2014 the company plans to complete a 3D ground geophysics study and a 4,000 metre drill programme at the site.
Landore shares were up 12% to 2.15 pence Monday morning.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor
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Landore (LND)