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



    (AIM Ticker: LND.L)

    THUNDER BAY, ON, June 17 /CNW/ -

    
    HIGHLIGHTS

    -  Drilling on the historic B4-7 nickel-copper-cobalt-platinum group
       elements (Ni-Cu-Co- PGE) deposit, located on the Junior Lake Property,
       continues to intersect wide zones of mineralization, with assay
       results returning grades up to of 3.11% nickel together with
       substantial credits of copper, assaying up to 3.81%, palladium to
       8.10 grams per tonne (g/t), and cobalt to 0.44% (9.5 pounds per
       tonne).

    -  The deposit, to date delineated over 650 metres of strike, remains
       open along strike and down plunge to the north-west.


    Mineralized intersections not previously reported include:
    -------------------------------------------------------------------------
    Drill-hole    From    Width  Nickel  Copper  Cobalt  Platinum  Palladium
    -------------------------------------------------------------------------
        No       Metres  Metres     %       %       %       g/t       g/t
    -------------------------------------------------------------------------
    0409-211     230.20    0.30    2.44    0.08    0.12      0.07       5.91
    -------------------------------------------------------------------------
    0409-212      60.22    7.12    0.82    0.70    0.10      0.23       0.75
    -------------------------------------------------------------------------
    including     61.00    0.42    0.41    3.81    0.04      0.17       0.30
    -------------------------------------------------------------------------
    0419-215      57.20    0.47    0.53    0.21    0.06      0.20       8.10
    -------------------------------------------------------------------------
       and       105.80   15.65    0.64    0.61    0.09      0.27       0.82
    -------------------------------------------------------------------------
    including    114.80    4.00    1.04    0.56    0.08      0.22       0.63
    -------------------------------------------------------------------------
    0409-217     118.60    3.65    0.89    0.40    0.09      0.25       0.51
    -------------------------------------------------------------------------
    0409-219      13.14    2.61    3.11    0.19    0.13      0.04       3.46
    -------------------------------------------------------------------------
       and        63.10    0.30    0.29    0.81    0.44      0.17       0.06
    -------------------------------------------------------------------------
       and        64.54   15.31    0.78    0.56    0.08      0.15       0.80
    -------------------------------------------------------------------------
    0419-220     179.00     5.9    0.92    0.61    0.08      0.05       0.30
    -------------------------------------------------------------------------
    0419-221     209.95    0.33    1.28    0.04    0.08      0.09       2.55
    -------------------------------------------------------------------------
       and       252.14   22.86    0.81    0.53    0.07      0.14       0.41
    -------------------------------------------------------------------------
    including    253.04    3.96    1.04    0.23    0.06      0.04       0.37
    -------------------------------------------------------------------------
    Assay results are pending for the last 14 drill-holes.
    

    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 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).
    An infill drill programme, consisting of 36 NQ size holes for a total of
8,368 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 programme.
    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.
    The deposit has excellent continuity with the width along strike and down
dip varying from 1 - 2 meters to over 15 meters. A separate mineralized zone,
named the Alpha 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, blanks, 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 Landore's secure facilities in
Thunder Bay.

    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.






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/Angela Peace, Tel: +44(0)20
7409 3494, Strand Partners Limited; David Bick, Tel:+44(0)7831 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