Landore Resources Limited - Drilling update - Junior Lake-Nickel Project - B4-7 Deposit



    (AIM Ticker: LND.L)

    THUNDER BAY, ON, May 27 /CNW/ -

    
    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 confirmed the continuity of the mineralization. The
       deposit remains open along strike and down plunge to the West.

    -  Drilling intersected wide zones of nickel mineralization, with assay
       results frequently returning grades in excess of 1% nickel together
       with substantial credits of copper, assaying up to 7.05%, palladium to
       4.98 g/t, and cobalt to 0.18% (4lb/t).

    Assay results have been received for the first 11 drill holes, (409-200 -
    0409-210). Mineralized intersections include:

    -------------------------------------------------------------------------
    Drill-hole    From    Width   Nickel  Copper  Cobalt  Platinum  Palladium
    -------------------------------------------------------------------------
        No       Metres  Metres      %       %       %       g/t        g/t
    -------------------------------------------------------------------------
    0409-200     207.00    1.00    0.29    0.12    0.03      0.42      1.71
    -------------------------------------------------------------------------
       and       232.92    6.37    0.85    0.59    0.10      0.10      0.53
    -------------------------------------------------------------------------
    0409-201     216.00    1.00    0.33    0.10    0.04      0.11      1.57
    -------------------------------------------------------------------------
       and       266.80   15.40    0.78    0.67    0.04      0.13      0.61
    -------------------------------------------------------------------------
    including    270.20    4.80    1.04    0.68    0.02      0.27      0.76
    -------------------------------------------------------------------------
    0409-202     239.24    1.27    0.18    0.15    0.01      0.13      2.41
    -------------------------------------------------------------------------
       and       340.57    1.91    1.13    0.74    0.10      0.10      0.75
    -------------------------------------------------------------------------
    0409-203     331.00    1.00    0.12    2.32    0.02      0.10      0.20
    -------------------------------------------------------------------------
       and       333.65    0.70    0.64    0.25    0.08      1.80      4.98
    -------------------------------------------------------------------------
       and       358.45   14.81    0.63    0.45    0.06      0.08      0.37
    -------------------------------------------------------------------------
    0409-204     381.00    4.00    0.12    0.05    0.13      0.12      1.46
    -------------------------------------------------------------------------
       and       454.00   14.03    0.46    0.43    0.04      0.05      0.30
    -------------------------------------------------------------------------
    including    454.00    1.17    2.70    0.55    0.06      0.01      0.48
    -------------------------------------------------------------------------
    0409-205      67.45    3.05    0.02    0.01    0.01      0.29      1.92
    -------------------------------------------------------------------------
       and        300.9    0.50    1.59    0.15    0.07      0.33      2.24
    -------------------------------------------------------------------------
    0409-206     148.60    1.54    0.72    0.20    0.05      1.15      2.35
    -------------------------------------------------------------------------
       and        198.3    3.46    0.76    0.27    0.18      0.04      0.09
    -------------------------------------------------------------------------
    0409-207     285.67   13.98    0.58    0.52    0.07      0.16      0.46
    -------------------------------------------------------------------------
    including    285.67    8.63    0.84    0.57    0.09      0.20      0.61
    -------------------------------------------------------------------------
    0409-208     291.50    1.00    0.96    0.29    0.06      0.05      2.35
    -------------------------------------------------------------------------
    0409-210     140.18    0.82    1.25    0.02    0.08      1.23      2.83
    -------------------------------------------------------------------------
       and       218.60    0.50    0.09    7.05    0.02      0.09      0.34
    -------------------------------------------------------------------------
    

    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 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.
    A drill programme, consisting of 29 NQ size holes (0409-200 to 0409-228)
for a total of 7,618 metres, has recently been completed on the B4-7 Deposit.
The programme was designed to infill the remaining gaps in the deposit to
provide sufficient information and drill density so that a new Canadian
National Instrument 43-101 compliant resource estimate (NI-43-101) can be
calculated, bringing the deposit from inferred to indicated status. Additional
metallurgical testing will be completed using core from the present programme.
    The drill programme has shown that the B4-7 deposit remains open to the
west along strike and down plunge to the northwest. A previously completed
airborne electromagnetic survey suggests the conductive horizon hosting the
B4-7 deposit may persist for an additional 500 metres to the west of the most
westerly drill holes completed to date.
    The deposit displays excellent continuity and has considerable variation
in width along strike and down dip varying from 1 - 2 metres to over 15
metres. A separate 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, 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 Accurassay Laboratories and in Landore's secure
facilities in Thunder Bay.

    VW Nickel Deposit:

    Drilling has commenced at the VW Nickel deposit in order to test the down
plunge continuity of the high-grade nickel shoot at the western end of the
Katrina horizon.

    Other Work

    An airborne electromagnetic and magnetic survey was completed covering
the eastern portion of the Junior Lake property covering Toronto Lake Area.
The results are currently being evaluated and will be reported on in the near
future.
    Airborne magnetic and electromagnetic surveying was also completed in the
Lamaune Area covering the western portion of the Junior Lake property. The
results are currently being interpreted and will be reported on in the near
future.

    Robert Fraser (M.Sc, P.Geo Ontario), Exploration Manager of Landore
Resources Canada Inc 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.




For further information:

For further information: Bill Humphries, Chairman, Tel: +44 (0)7734
681262, Richard Prickett, Chief Executive, Tel: +44 (0)7775 651421, Landore
Resources Limited, www.landore.com; Simon Raggett, Strand Partners Limited,
Tel: +44 (0)20 7409 3494; David Bick, Tel: +44 (0)7831 381201


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