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Landore Resources expects resource upgrade for Junior Lake’s B4-7 deposit in Q4 this year

Landore Resources expects resource upgrade for Junior Lake’s B4-7 deposit in Q4 this year

Landore Resources (LON:LND) plans to complete a resource upgrade for the B4-7 deposit, part of its Junior Lake project in Canada, early in the fourth quarter of 2012 after the recently completed drilling programme there significantly expanded the mineralisation.

Drilling consistently intersected massive sulphide mineralisation with grades of more than 1 percent nickel plus notable credits of copper, cobalt and platinum group metals.

B4-7 remains open down dip and along strike to the east and west.

In all, Landore drilled 81 holes and re-entered 4 holes for 15,868 metres.   Assays are outstanding for 28 drill holes.

The B4-7 deposit is located approximately 3 kilometres to the northwest of the VW deposit.

The combined NI 43-101 resources of the VW and B4-7 deposits to date total 48,281 tonnes of nickel equivalent (NiEq), 82 percent of which is in the indicated category.  Both deposits remain open down dip and along strike to the east and west.

The company plans to start pre-feasibility studies on the deposits in the first quarter 2013, and it is currently planning a drilling programme to extend B4-7 to the west, which is scheduled to begin in the fourth quarter of 2012.

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