Landore Resources Limited Regulatory News (LND)

8 Jan 2008 07:00

Landore Resources Limited08 January 2008 LANDORE RESOURCES LIMITED (AIM Ticker: LND.L) DRILLING RESULTS AND PROGRESS REPORT JUNIOR LAKE-NICKEL PROJECT B4-7 DEPOSIT HIGHLIGHTS • Infill drilling on the historic B4-7 nickel-copper-cobalt-platinum group elements (Ni-Cu-Co-PGE) deposit, located just 3 kilometres from the VW Nickel Deposit, has confirmed the continuity of the mineralization. The deposit remains open down plunge to the West. • Drilling intersected wide zones (up to 10 metres true width) of nickel mineralization, with assay results frequently returning grades in excess of 1% nickel together with substantial credits of copper, assaying up to 1.65%, and cobalt assaying up to 0.33%. Mineralized intersections include: +----------+--------+-------+--------+--------+--------+---------+-------+ |Drill-hole| From | Width | Nickel | Copper |Platinum|Palladium|Cobalt | +----------+--------+-------+--------+--------+--------+---------+-------+ | No | Metres |Metres | % | % | g/t | g/t | % | +----------+--------+-------+--------+--------+--------+---------+-------+ | 0407-163 | 146.9| 14.7| 0.79| 0.49| 0.161| 0.778| 0.09| +----------+--------+-------+--------+--------+--------+---------+-------+ |Including | 146.9| 1.1| 0.61| 0.33| 0.108| 0.310| 0.33| +----------+--------+-------+--------+--------+--------+---------+-------+ |Including | 148.0| 5.0| 1.03| 0.52| 0.129| 0.875| 0.07| +----------+--------+-------+--------+--------+--------+---------+-------+ |Including | 161.0| 0.6| 0.33| 1.65| 0.040| 0.233| 0.32| +----------+--------+-------+--------+--------+--------+---------+-------+ | | | | | | | | | +----------+--------+-------+--------+--------+--------+---------+-------+ | 407-170 | 34.0| 2.0| 0.63| 0.08| 0.230| 2.454| 0.03| +----------+--------+-------+--------+--------+--------+---------+-------+ | and | 100.0| 11.0| 1.04| 0.54| 0.413| 0.512| 0.09| +----------+--------+-------+--------+--------+--------+---------+-------+ | and | 112.8| 0.5| 0.70| 0.30| 0.076| 0.085| 0.30| +----------+--------+-------+--------+--------+--------+---------+-------+ | and | 122.1| 0.9| 1.27| 0.09| 0.039| 0.067| 0.09| +----------+--------+-------+--------+--------+--------+---------+-------+ | | | | | | | | | +----------+--------+-------+--------+--------+--------+---------+-------+ | 407-171 | 70.3| 12.7| 0.76| 0.64| 0.112| 0.296| 0.12| +----------+--------+-------+--------+--------+--------+---------+-------+ |Including | 72.6| 1.4| 0.80| 0.99| 0.177| 0.489| 0.23| +----------+--------+-------+--------+--------+--------+---------+-------+ | | | | | | | | | +----------+--------+-------+--------+--------+--------+---------+-------+ | 407-173 | 131.1| 4.9| 0.90| 0.65| 0.034| 0.111| 0.11| +----------+--------+-------+--------+--------+--------+---------+-------+ | | | | | | | | | +----------+--------+-------+--------+--------+--------+---------+-------+ | 407-176 | 194.6| 16.8| 0.53| 0.34| 0.122| 0.174| 0.05| +----------+--------+-------+--------+--------+--------+---------+-------+ |Including | 202.0| 2.0| 1.03| 0.60| 0.313| 0.327| 0.08| +----------+--------+-------+--------+--------+--------+---------+-------+ 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 situatedwithin the Caribou-O-Sullivan Greenstone Belt in the Wabigoon Subprovince. TheVW Nickel Deposit is located at Ketchikan Lake toward the south eastern end ofthe Junior Lake property and the B4-7 Deposit is located approximately 3kilometres to the north-west of the VW Nickel Deposit. B4-7 Nickel-Copper Deposit: A drill programme, consisting of 16 NQ size holes (0407-162 to 0407-177) for atotal of 3,575 metres, has been completed on the B4-7 Nickel-Copper Deposit. Theprogramme was designed to infill the remaining gaps in the deposit and foradditional metallurgical testing. Final assay results have now been received and are currently being collatedafter which the data will be forwarded to Scott Wilson Roscoe Postle AssociatesInc. (Scott Wilson RPA), consulting and engineering group from Toronto, Canada,who have been engaged to independently prepare a NI43-101 resource estimate andreport on the B4-7 Nickel-Copper Deposit. All drill core was photographed prior to being cut for assaying. Samples wereanalyzed at Accurassay Laboratories (ISO/IEC 17025), Thunder Bay, Ontario, bygeochemical analysis with atomic absorption finish (Ni). All samples reportingresults of 1% nickel or higher were re-analysed by the assay method with atomicabsorption finish. Check assays, standards and laboratory duplicates wereperformed on a systematic basis at Accurassay Laboratories. ALS ChemexLaboratory in Vancouver, BC also completed systematic checks. Core is stored atsite and in Landore's facilities in Thunder Bay, Ontario. Rejects are stored atAccurassay Laboratories and in Landore's facilities in Thunder Bay. VW Nickel Deposit: Scott Wilson RPA, are currently preparing a Canadian National Instrument 43-101(NI43-101) compliant resource estimate upgrade on the VW Nickel Deposit. On completion of the resource upgrade on the VW Deposit, (estimated February)and the resource estimate of the B4-7 Deposit (estimated April) a full, NI43-101compliant, Scoping study will be completed on the combined deposits. SGS Lakefield Research Limited of Lakefield, Ontario, has been engaged tocomplete second stage metallurgical testing of the VW Nickel ore to ScopingStudy level. James Garber, (BSc. Hons. Geology, member of APGO) a Director of LandoreResources Ltd and a qualified person as defined in the Canadian NationalInstrument 43-101, has reviewed and verified all scientific or technical miningdisclosure contained in this announcement, which is stated in accordance withthe Canadian Institute of Mining Metallurgy and Petroleum. - ENDS - For more information please contact: Bill Humphries, Chairman Tel: 07734 681262Richard Prickett, Chief Executive Tel: 07775 651421Landore Resources Limited www.landore.com Simon Raggett Tel: 020 7409 3494Strand Partners Limited David Bick Tel: 07831 381201 This information is provided by RNS The company news service from the London Stock Exchange