Landore Resources Limited - Drilling Update - Junior Lake Property



    (AIM Ticker: LND.L)

    THUNDER BAY, ON, Aug. 18 /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 projected the deposit up-plunge to near surface
        intersecting wide zones of nickel mineralization. The deposit remains
        open along strike and down plunge to the north-west.

    -   The recently completed drilling and trenching campaign on the Lamaune
        Iron deposit, located at the western end of the Junior Lake property,
        has now successfully confirmed the presence of the magnetite iron
        deposit along approximately 5 kilometres of the central part of the
        trend. Assay and metallurgical results are pending
    

    The Junior Lake property:

    The Junior Lake property, 100% owned by Landore, is located in the
province of Ontario, Canada, approximately 235 kilometres north-northeast of
Thunder Bay and is host to; the VW Nickel deposit, the B4-7 deposit, the
Lamaune Iron deposit, the BAM zone gold occurrence and numerous other highly
prospective mineral occurrences.

    B4-7 Deposit:

    An infill drill programme, consisting of 42 NQ size holes for a total of
8,764 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 program

    
    Assay results have been received for the last 6 drill holes. 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, 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 by Snowden Mining Industry Consultants, Perth,
Australia
    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.
    A 500 metre drill campaign to test for the above possible extension is
planned for this September.

    Lamaune Iron deposit:

    In October 2008, Landore reported that exploration, including geophysical
surveys, trenching and drilling, had confirmed the presence of a large
magnetite iron deposit at the western end of the Junior Lake property.
    A second campaign, consisting of 16 trenches for 1,135 metres excavated
and 22 drill-holes for a total of 4,648 metres of drilling, has now been
completed. The trenches and drill-holes were planned to give even coverage
along approximately 5 kilometres of the central part of the trend.
    Cutting and sampling is in progress. Assay results are pending. Sampling
is also being undertaken for metallurgical and beneficiation testing.

    Junior Lake 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) 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: 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


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