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18 Aug 2009 07:00
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LANDORE RESOURCES LIMITED
18thΒ AugustΒ 2009
DRILLING UPDATE
JUNIORΒ LAKEΒ PROPERTY
HIGHLIGHTS
Infill drilling on the historic B4-7 nickel-copper-cobalt-platinumΒ group elements (Ni-Cu-Co-PGE) deposit, locatedΒ on the Junior Lake property,Β hasΒ projected the deposit up-plunge to nearΒ surfaceΒ intersectingΒ wide zones of nickel mineralization. The deposit remains openΒ along strike andΒ down plungeΒ to theΒ north-west.
The recently completedΒ drilling and trenching campaignΒ on the LamauneΒ Iron deposit, located at theΒ western end of theΒ JuniorΒ LakeΒ property,Β has now successfullyΒ confirmedΒ the presenceΒ of theΒ magnetite iron depositΒ along approximately 5 kilometres of the central part of the trend. Assay and metallurgical results are pending
TheΒ JuniorΒ LakeΒ property:
The Junior Lake property, 100% owned by Landore,Β is located in the province of Ontario, Canada, approximately 235 kilometres north-northeast of Thunder Bay and is host to; the VW NickelΒ deposit,Β theΒ B4-7 deposit, the LamauneΒ Iron deposit, the BAM zone gold occurrence and numerous other highly prospective mineral occurrences.
B4-7Β Deposit:
An infillΒ drill programme, consisting ofΒ 42 NQ size holesΒ for a total ofΒ 8,764Β metres, hasΒ recentlyΒ been completed on the B4-7 deposit. The programme wasΒ 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 resultsΒ have been received for the last 6Β drill holes.Β 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, LandoreΒ reportedΒ anΒ InferredΒ resource estimateΒ for the B4-7 depositΒ 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 toΒ Australasian Joint Ore Reserves Committee (JORC) Code (2004)Β compliance byΒ Snowden Mining Industry Consultants,Β Perth,Β Australia
Landore has appointedΒ Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA), consulting and engineering group from Toronto,Β Canada, to prepare aΒ CanadianΒ National Instrument 43-101 (NI43-101) compliant resource estimate upgrade on theΒ 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 extensionΒ is planned for this September.
Lamaune Iron deposit:
In October 2008, Landore reported that exploration, including geophysical surveys, trenching and drilling, hadΒ confirmed the presence of a large magnetite ironΒ deposit at the western end of theΒ JuniorΒ LakeΒ property.
A second campaign, consisting ofΒ 16 trenches for 1,135Β metresΒ excavated and 22 drill-holes for a total of 4,648Β metres of drilling,Β hasΒ nowΒ been completed. The trenches and drill-holesΒ wereΒ planned to give even coverage along approximately 5 kilometres of the central part of the trend.
CuttingΒ and sampling is in progress. Assay results are pending. Sampling is also being undertaken forΒ metallurgical and beneficiation testing.
JuniorΒ LakeΒ 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) aΒ consultant to Landore Resources LimitedΒ Β and a qualified person as defined inΒ the CanadianΒ National Instrument 43-101, has reviewed and verified all scientific or technical mining disclosure contained in thisΒ 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 681262Β Tel: 07775 651421Β www.landore.com |
|
Simon Raggett Strand Partners Limited |
Tel: 020 7409 3494 |
|
David Bick |
Tel: 07831 381201 |
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