Landore Resources Limited - Significant gold discovery Junior Lake property
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THUNDER BAY, ON,
HIGHLIGHTS
- A significant gold discovery has been made at the Junior Lake property in the vicinity of the Lamaune Iron deposit with drilling intersecting widespread gold mineralization over 200 metres of strike extent in the first area tested. Results include 3.0 metres @ 9.14g/t gold (Au), including 0.6 metres @ 35.63g/t Au, in drill hole 1109-75. - Following the discovery Landore staked an additional 80 Mining claim blocks, for 17,216 Hectares, predominantly to the north of the new gold discovery, effectively doubling the size of the Junior Lake property to 31,953 Hectares.
The
The
Lamaune Gold Prospect:
Drilling carried out during the 2008/9 campaigns on the Lamaune Iron deposit frequently intersected anomalous gold values, including drill hole 1109-67 on the eastern end of the deposit, which intersected 5.88 metres @ 2.36g/t Au, including 1.38 metres @ 7.45g/t Au.
A subsequent geological review of all anomalous gold intercepts on
In October, a small drilling campaign, consisting of 11 diamond core NQ drill holes, for a total of 1,798 metres, was completed over 200 metres of strike extent at the Lamaune Gold prospect.
Mineralized intersections include:
--------------------------------------- Drill-hole From Intersection Gold --------------------------------------- No Metres Metres g/t --------------------------------------- 1109-75 41.00 3.00 9.14 --------------------------------------- including 42.18 0.60 35.63 --------------------------------------- 1109-76 145.00 1.00 4.55 --------------------------------------- 1109-82 88.63 0.50 53.12 --------------------------------------- 1109-83 57.50 21.50 0.99 --------------------------------------- including 60.50 5.37 1.47 --------------------------------------- and 71.50 1.50 3.35 --------------------------------------- Drill hole 1109-82 was drilled as a 'scissor hole' to the high grade intersection in drill hole 1109-75.
Several other wide zones of broad anomalous gold mineralization have been intersected in the same drilling program.
The presence of both high grade veins and wider zones of anomalous gold mineralization are particularly encouraging at this stage of discovery and will be further explored in the next drilling campaign on the Lamaune Gold prospect scheduled to commence in
High grade gold was also encountered in the exploration drilling program completed this year on the area between the VW Nickel deposit and the B4-7 Nickel-Copper-Cobalt deposit, the 'Whale Zone', with drill hole 0409-252 intersecting 0.75 metres @ 26.10g/t Au. This zone is 12 kilometres to the east of the Lamaune Gold prospect and runs parallel and adjacent to the BAM gold zone.
In addition, historical gold showings on the Junior lake property include 1.02 metres @ 2.37g/t Au drilled by Placer Dome in 1988 at the western end of the property and 3.0 metres @ 13.44g/t Au in trench sampling recorded by the Ontario Department of Mines in 1968 at the eastern end of the property.
These significant results are the first to be reported from drilling in this part of the Caribou O'Sullivan Archean Greenstone Belt in which the
The mineralogy of the discovery is simple and the gold occurs as 'native gold' with gangue of quartz, calcite and muscovite and sulphides, of arsenopyrite and pyrrhotite. Visible gold has been observed in 4 drill holes of the Lamaune Gold prospect and one on the Whale Zone prospect.
The highly encouraging drill results from the recent campaign on the Lamaune Gold prospect together with the results from the geological review, the historical information and the favourable lithologies and geological structures support the potential for economic gold mineralization on the Junior lake property.
Following the discovery of the Lamaune Gold prospect, Landore staked an additional 80 Mining claim blocks, for 17,216 Hectares, predominantly to the north of the new gold discovery, effectively doubling the size of the
Andrew Cheatle, (P. Geo., MBA, FGS, ARSM), General Manager of Landore Resources
For further information: Bill Humphries, Chairman, Tel: +44(0)7734 681262; Richard Prickett, Chief Executive, Tel: +44(0)7734 651421; Landore Resources Limited, www.landore.com; Simon Raggett/Angela Peace, Tel: +44(0)20 7409 3494, Strand Hanson Limited; David Bick, Tel: +44(0)7831 381201
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