Drilling results and progress report Junior Lake-Nickel Project



    (AIM Ticker: LND.L)

    TORONTO, Nov. 29 /CNW/ -

    HIGHLIGHTS

    
      -  Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA),
         consulting and engineering group from Toronto, Canada, have
         commenced work on a Canadian National Instrument 43-101 (NI43-101)
         compliant resource estimate upgrade on the VW Nickel Project located
         on the Junior Lake Property.

      -  Drilling on the VW Nickel deposit regularly intersected multiple
         zones of resource grade nickel mineralization, with assay results
         frequently returning grades in excess of 1% nickel.

    Mineralized intersections not previously reported include:

    -------------------------------------------------------------
    Drill-hole        From           Width          Nickel
    -------------------------------------------------------------
    No              Metres          Metres               %
    -------------------------------------------------------------
    0407-145         199.0             8.0            0.75
    -------------------------------------------------------------
    Includes         201.0             1.0            1.15
    -------------------------------------------------------------
    0407-149         198.0            13.9            0.66
    -------------------------------------------------------------
    Includes         204.0             2.0            1.28
    -------------------------------------------------------------
    0407-150          56.0             5.9            0.82
    -------------------------------------------------------------
    Includes          56.0             1.0            1.58
    -------------------------------------------------------------
    0407-151b        279.0             5.3            1.12
    -------------------------------------------------------------
    0407-155         248.0             1.3            1.22
    -------------------------------------------------------------
    0407-156         312.0             5.0            0.96
    -------------------------------------------------------------
    Includes         312.0             1.0            1.79
    -------------------------------------------------------------
    0407-159         110.0             4.0            0.62
    -------------------------------------------------------------
    Includes         113.0             1.0            1.38
    -------------------------------------------------------------
    0407-160         222.6             6.5            0.56
    -------------------------------------------------------------
    And              246.0            15.4            0.50
    -------------------------------------------------------------
    Includes         257.0             1.0            2.35
    -------------------------------------------------------------
    And              271.5            12.0            0.67
    -------------------------------------------------------------
    Includes         277.0             1.0            1.52
    -------------------------------------------------------------
    0407-161          16.1             4.9            1.20
    -------------------------------------------------------------
    Includes          20.0             1.0            2.21
    -------------------------------------------------------------
    

    Commenting on the drilling, Chairman of Landore Resources, Bill
Humphries, said:

    "These excellent results are expected to significantly expand the VW
Nickel resource estimate completed by Scott Wilson RPA earlier this year. In
addition the deposit remains open to the east and west along strike giving
confidence for further resource expansion."

    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
VW Nickel Deposit is located at Ketchikan Lake toward the south eastern end of
the Junior Lake property and the B4-7 Deposit is located approximately 3
kilometres to the north-west of the VW Deposit.

    VW Nickel Deposit

    An infill and extension drill programme, consisting of 63 NQ size holes
(0407-99 to 0407-161,178) for a total of 17,361 metres, has been completed on
the VW Nickel Deposit. Drilling has now tested the VW deposit at approximately
25 x 50 metre spacing over a strike length of 500 metres and to a vertical
depth of 300 metres.
    All base metal assays have been received and nickel values continue to
reflect intersections of sulphide mineralization noted in drill core with
grades often exceeding 1% nickel. Good continuity is evident within the
Katrina Horizon which is now traceable along 500 metres of the VW deposit
drill tested to date and the zone remains open to the east and west along
strike and at depth. Since the strike length of the deposit was extended with
an improvement in nickel grades, the results of the drill program are expected
to significantly expand the previous resource estimate completed by Scott
Wilson RPA.
    A unit of extensively altered, variably textured and well-mineralized
variety of mafic volcanics was recently recognized within the Katrina Horizon
toward the west end of the deposit. This unit has a true thickness varying
from 20 to 70 metres (DDH 0407-102, line 3050E) and to date has been traced
over a strike length of 100 metres with a vertical extent of about 100 metres,
from 25 to 135 metres depth. The unit appears to plunge steeply to the west at
45-50 degrees and currently remains open at depth.
    An ultramafic succession exemplified by talc schists and peridotitic rock
types at the west end and north of the VW deposit has also been found to be
mineralised with pyrrhotite and pentlandite. Nickel assays of 0.2% to 0.3%
were returned over an intersection of several metres at shallow depths (DDH
0407-151b). Mineralisation of this grade within ultramafic rocks is a new
discovery and the extent and exploration potential is unknown. Petrographic
studies and additional sampling of this unit will be completed to evaluate the
significance of this discovery.
    Scott Wilson RPA have commenced work on a NI43-101 compliant resource
estimate upgrade on the VW Nickel Project.

    B4-7 Nickel-Copper Deposit

    A drill programme, consisting of 16 NQ size holes (0407-162 to 0407-177)
for a total of 3,575 metres, has been completed on the B4-7 Nickel-Copper
Deposit. The programme was designed to infill the remaining gaps in the
deposit, to test the continuity of the hanging wall mineralization and for
additional metallurgical testing.
    Core logging and sampling of the core continues. Final assay results are
expected by late December at which stage they will be collated and forwarded
to Scott Wilson RPA, Toronto, to independently prepare a NI43-101 resource
estimate and report on the B4-7 Nickel-Copper Project.
    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 were re-analysed by the assay
method with atomic absorption finish. Check assays, standards and laboratory
duplicates were performed on a systematic basis at Accurassay Laboratories.
ALS Chemex Laboratory in Vancouver, BC also completed systematic checks. Core
is stored at site and in Landore s facilities in Thunder Bay, Ontario. Rejects
are stored at Accurassay Laboratories and in Landore s facilities in Thunder
Bay.

    Junior Lake Claim Staking

    During October Landore staked and recorded 3 new claims to the southeast
of and contiguous to the Junior Lake property.
    The new claims were staked as a direct result of the positive advancement
the VW zone nickel deposit and the good potential for the discovery of
additional base and precious metal mineralization along strike within this
geological setting in the East-Central Caribou Lake greenstone belt.
    The Junior Lake property now consists of 71 unpatented claims (774 units
covering 12,384 hectares) plus 2 leases (52.97 hectare) totalling 12,437
hectares.
    Further releases will be made as results become available.

    James Garber, (BSc. Hons. Geology, member of APGO) a Director of Landore
Resources Ltd 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.

    %SEDAR: 00008466E




For further information:

For further information: Bill Humphries, Chairman, Tel: 07734 681262;
Richard Prickett, Chief Executive, Tel: 07775 651421; Landore Resources
Limited, www.landore.com; Simon Raggett, Tel: 020 7409 3494; Strand Partners
Limited, David Bick, Tel: 07831 381201


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890