Landore Resources Limited provides drilling update on Junior Lake Property. Highlights are as follows:
1. Infill drilling on the historic B4-7 nickel copper cobalt platinum group elements 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.
2. 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 kilometers of the central part of the trend. Assay and metallurgical results are pending
An infill drill program, consisting of 42 NQ size holes for a total of 8,764 meters, has recently been completed on the B4-7 deposit. The program 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
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 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 Mr Scott Wilson Roscoe Postle Associates Inc, 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.
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 meters excavated and 22 drill holes for a total of 4,648 meters of drilling, has now been completed. The trenches and drill holes were planned to give even coverage along approximately 5 kilometers of the central part of the trend.
