For Landore Resources, the company’s primary focus is still firmly set on its nickel and iron ore projects at Junior Lake. However, the company reminded investors this morning that it still holds onto several other assets within its portfolio, including a lithium project in Canada’s Red Lake Mining District, which is better known for its underground gold mines.

Lithium is a hot topic however and it is easy to understand why Landore would be keen to trumpet the potential value of the Root Lake Property, 100% owned by Landore, which contains a historic resource of 2.297 million tonnes grading 1.3% lithium. The lithium resource was defined over a strike of 500 meters and widths up to 19 meters.

In recent weeks and months, a plethora of Canadian based exploration juniors have turned their attention to lithium, as investor interest increases in the metal. Lithium is used in a number of applications, but it is the forecasted demand from rechargeable batteries for electric or hybrid cars that has speculators salivating about the potential future price of Lithium.

Landore for its part has been sitting on Root Lake since 2000, when the company acquired Brancote Canada. The Property consists of 33 patented claims for a total of 513.43 hectares on which Landore owns both the mineral and surface rights. Root Lake lies 150 kilometers east of Red Lake and 130 kilometers north of Sioux Lookout.