Landore Resources Limited Regulatory News (LND)

17 Jun 2009 07:00



LANDORE RESOURCES LIMITED

DRILLING UPDATE

JUNIOR LAKE-NICKEL PROJECT

B4-7 DEPOSIT

HIGHLIGHTS

Drilling on the historic B4-7 nickel-copper-cobalt-platinum group elements (Ni-Cu-Co-PGE) deposit, located on the Junior Lake Property, continues to intersect wide zones of mineralization, with assay results  returning grades up to of 3.11% nickel together with substantial credits of copper, assaying up to 3.81%, palladium to 8.10 grams per tonne (g/t), and cobalt to 0.44% (9.5 pounds per tonne). 

The deposit, to date delineated over 650 metres of strike, remains open along strike and down plunge to the north-west.

 Mineralized intersections not previously reported include:

Assay results are pending for the last 14 drill-holes. 

The Junior Lake property:

The Junior Lake property is located in the province of Ontario, Canada, approximately 235 kilometres north-northeast of Thunder Bay and is situated within the Caribou-O'Sullivan Greenstone Belt in the Wabigoon Subprovince.  The Junior Lake property is host to the VW Nickel (Ni) Deposit, the B4-7 Deposit, the recently reported Iron Deposit, the BAM zone gold occurrence and numerous other highly prospective mineral occurrences.

B4-7 Deposit:

In May of 2008, Landore reported an Inferred resource estimate for the B4-7 Deposit of 4,650,000 tonnes at 0.55% Nickel Equivalent (NiEq) (nickel plus copper-cobalt-PGE credits). 

An infill drill programme, consisting of 36 NQ size holes for a total of 8,368 metres, has recently been completed on the B4-7 Deposit. The programme was designed to provide sufficient information and drill density to advance the deposit to Indicated status. Additional metallurgical testing will be completed using core from the present programme.  

Landore has appointed Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA), consulting and engineering group from Toronto, Canada, to prepare a Canadian National Instrument 43-101 (NI43-101) compliant resource estimate upgrade on the B4-7 deposit.

The drill campaign has shown that the B4-7 deposit remains open to the west along strike and down plunge to the north-west. A previously completed airborne electromagnetic survey suggests the conductive horizon hosting the B4-7 deposit persists for an additional 500 meters to the west.

The deposit has excellent continuity with the width along strike and down dip varying from 1 - 2 meters to over 15 meters. A separate mineralized zone, named the Alpha zone, of highly anomalous PGE and Ni-Cu mineralization is observed in the hanging wall. 

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 are re-analysed by the assay method with atomic absorption finish. Check assays, blanks, standards and laboratory duplicates are performed on a systematic basis at Accurassay Laboratories. Actlabs Laboratory in Thunder Bay, Ontario is used for systematic checks. Core is stored on site and in Landore's secure facilities in Thunder Bay, Ontario. Rejects are stored at Landore's secure facilities in Thunder Bay.

Marc Sale, (BSC. Geology, Fellow AusIMM, member AIG) a consultant to Landore Resources Limited  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.

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