Landore Resources Limited - Drilling Update - Junior Lake-Nickel Project



    (AIM Ticker: LND.L)

    THUNDER BAY, ON, June 5 /CNW/ - Drilling on the VW Zone Nickel Project
continues to intersect wide zones of nickel sulphide mineralization, extending
the existing zone down dip, including drill hole 0407-101 reporting an
interval of 6 metres at 1.13% nickel, and along strike to the west, which
includes drill hole 0407-109 reporting an interval of 12 metres at 1.02%
nickel.
    Drilling is intersecting multiple zones of resource grade nickel
mineralization, with hole 0407-102 intersecting zones totalling an approximate
true width of 51 metres at an average grade of 0.38% nickel across the 150
metre wide VW Zone corridor.

    
    Mineralized intersections, not previously reported, include:
             -----------------------------------------------
              Drill-hole     From        Width       Nickel
             -----------------------------------------------
                  No       Metres       Metres         %
             -----------------------------------------------
               0407-99       74.0         11.4         0.56
             -----------------------------------------------
              includes       81.0          1.0         1.23
             -----------------------------------------------

             -----------------------------------------------
              0407-101      110.0          4.0         0.47
             -----------------------------------------------
                            197.0          4.1         0.47
             -----------------------------------------------
                            302.0          6.0         1.13
             -----------------------------------------------
              includes      305.0          1.0         2.16
             -----------------------------------------------
                            330.0          4.0         0.69
             -----------------------------------------------
              includes      333.0          1.0         1.98
             -----------------------------------------------

             -----------------------------------------------
               0407-104     105.0          3.0         0.59
             -----------------------------------------------
                            114.0         15.0         0.30
             -----------------------------------------------

             -----------------------------------------------
               0407-105     233.0          3.0         0.85
             -----------------------------------------------

             -----------------------------------------------
               0407-106     161.0          5.0         0.59
             -----------------------------------------------
                            220.0         18.0         0.40
             -----------------------------------------------
               includes     221.0          3.0         0.77
             -----------------------------------------------

             -----------------------------------------------
               0407-109     103.0          1.1         1.11
             -----------------------------------------------
                            119.0         12.0         1.02
             -----------------------------------------------
               includes     122.0          2.7         2.00
             -----------------------------------------------
                            135.0          6.0         0.52
             -----------------------------------------------
               includes     139.0          2.0         0.93
             -----------------------------------------------
    

    The Junior Lake properties are located in the province of Ontario,
Canada, approximately 235 kilometres north-northeast of Thunder Bay and are
situated within the Caribou-O-Sullivan Greenstone Belt in the Wabigoon
Subprovince.
    The VW Zone Nickel Project is located at Ketchikan Lake toward the south
eastern end of the Junior Lake property.
    Following the successful 2006 drilling campaign on the VW Zone, Scott
Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA), Toronto, was retained
by Landore to independently carry out a resource estimate for the VW zone and
to prepare a National Instrument 43-101 compliant technical report, which was
reported on the 19th February 2007.
    
    VW Zone Inferred Resource at 0.2% Nickel Cut-Off Grade,
    Tonnes       Ni%   Cu%         Nickel Tonnes     Copper Tonnes
    4,202,776    0.34  0.05            14,300            2,100
    

    Scott Wilson RPA recommended that additional exploration drilling be
undertaken to expand the resources to depth, particularly on the northern side
of the VW deposit where the sub-zones are tested to shallower depths compared
to the southerly sub-zones. Similarly further drilling should be carried out
on the west side, following which the VW Zone modeling and resource estimate
should be updated.
    Diamond drilling resumed on the VW Zone in mid-April with 2 drill rigs. A
campaign of 60 holes for approximately 13,000 metres is underway, with one rig
dedicated to extending the existing inferred resource along strike in both
directions and down dip, with the second rig carrying out infill drilling to
advance the resource to `Indicated' status, a requirement for `scoping' and or
pre-feasibility studies.
    To date, 20 holes (0407-99 to 0407-119), for 4,723 metres, have been
completed. Results are pending for 11 of those holes.
    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.
    Additional drilling is also planned for further metallurgical studies as
well as geotechnical testing on the VW Zone.
    Further releases will be made during the summer period as drilling
continues.
    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