Last checked at 18 Aug 2009 07:00
LANDORE RESOURCES LIMITED
18th August 2009
DRILLING UPDATE
JUNIOR LAKE PROPERTY
HIGHLIGHTS
Infill drilling on the historic B4-7 nickel-copper-cobalt-platinum group elements (Ni-Cu-Co-PGE) deposit, located on the Junior Lake property, has projected the deposit up-plunge to near surface intersecting wide zones of nickel mineralization. The deposit remains open along strike and down plunge to the north-west.
The recently completed drilling and trenching campaign on the Lamaune Iron deposit, located at the western end of the Junior Lake property, has now successfully confirmed the presence of the magnetite iron deposit along approximately 5 kilometres of the central part of the trend. Assay and metallurgical results are pending
The Junior Lake property:
The Junior Lake property, 100% owned by Landore, is located in the province of Ontario, Canada, approximately 235 kilometres north-northeast of Thunder Bay and is host to; the VW Nickel deposit, the B4-7 deposit, the Lamaune Iron deposit, the BAM zone gold occurrence and numerous other highly prospective mineral occurrences.
B4-7 Deposit:
An infill drill programme, consisting of 42 NQ size holes for a total of 8,764 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 program
Assay results have been received for the last 6 drill holes. Mineralized intersections include:
| Drill-hole | From | Width | Nickel | Copper | Cobalt | Platinum | Palladium |
| No | Metres | Metres | % | % | % | g/t | g/t |
| 0409-236 | 92.64 | 17.59 | 0.73 | 0.28 | 0.06 | 0.25 | 0.92 |
| 0409-239 | 18.00 | 5.77 | 0.84 | 0.53 | 0.08 | 0.10 | 0.61 |
| 0409-240 | 12.33 | 7.48 | 0.84 | 0.40 | 0.05 | 0.10 | 0.63 |
| including | 13.86 | 1.14 | 1.02 | 0.40 | 0.06 | 0.19 | 0.63 |
| including | 16.00 | 1.00 | 1.02 | 0.54 | 0.06 | 0.08 | 0.77 |
| and | 21.85 | 6.70 | 0.87 | 0.69 | 0.09 | 0.06 | 0-64 |
| 0409-241 | 54.80 | 4.30 | 0.77 | 0.79 | 0.09 | 0.15 | 0.46 |
| 0409-242 | 22.53 | 3.39 | 0.90 | 0.32 | 0.06 | 0.23 | 0.50 |
| 0409-243 | 24.89 | 14.71 | 0.79 | 0.32 | 0.05 | 0.18 | 0.43 |
| including | 31.00 | 1.00 | 1.06 | 0.03 | 0.06 | 0.12 | 0.39 |
| including | 34.40 | 1.60 | 1.01 | 0.39 | 0.05 | 0.31 | 0.67 |
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) at a 0.3% Ni cutoff. The resource estimate was independently prepared to Australasian Joint Ore Reserves Committee (JORC) Code (2004) compliance by Snowden Mining Industry Consultants, Perth, Australia
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.
A 500 metre drill campaign to test for the above possible extension is planned for this September.
Lamaune Iron deposit:
In October 2008, Landore reported that exploration, including geophysical surveys, trenching and drilling, had confirmed the presence of a large magnetite iron deposit at the western end of the Junior Lake property.
A second campaign, consisting of 16 trenches for 1,135 metres excavated and 22 drill-holes for a total of 4,648 metres of drilling, has now been completed. The trenches and drill-holes were planned to give even coverage along approximately 5 kilometres of the central part of the trend.
Cutting and sampling is in progress. Assay results are pending. Sampling is also being undertaken for metallurgical and beneficiation testing.
Junior Lake Exploration:
An exploration drilling campaign, consisting of 8 holes for a total of 1,500 metres of drilling has commenced on the highly prospective area between the VW Nickel deposit and the B4-7 deposit.
Results are pending.
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.
- ENDS -
For more information please contact:
| Bill Humphries, Chairman Richard Prickett, Chief Executive Landore Resources Limited | Tel: 07734 681262 Tel: 07775 651421 www.landore.com |
| Simon Raggett Strand Partners Limited | Tel: 020 7409 3494 |
| David Bick | Tel: 07831 381201 |