Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Landore Resources unveils latest assays from B4-7 deposit

Landore Resources unveils latest assays from B4-7 deposit

Landore Resources (LON:LND) has begun to prepare an upgraded resource estimate for the B4-7 deposit in Canada following encouraging results from the current drill programme.

The upgrade is scheduled to be finished in early Q4 this year.

The drill campaign began at B4-7, part of the Junior Lake property, in February, aimed at bringing inferred portions of the deposit to indicated status.

In total, 81 diamond holes and four re-entered holes for 15,868 metres, have been completed and assays are pending for 10 holes.

Assays from the eastern part of B4-7 showed massive sulphide mineralisation with grades of more than 1 per cent nickel, plus notable credits of copper, cobalt and platinum group metal.

Notable intersections, not reported previously, included a hole with 1.32 metres at 5.87 per cent zinc, 0.22 per cent nickel, 0.50 per cent copper and 0.04 per cent cobalt.

The results are highly encouraging as they have significantly increased the potential tonnage suitable for open pit mining, the company said.

The B4-7 remains open down dip and along strike to the east and west and is around 3 km 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 per cent of which is in the indicated category.

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

View full LND profile View Profile

Landore Resources Ltd. Timeline

Related Articles

June 21 2018
The company's key operations are located in South Africa, Ghana and Kenya.
Gold on paperwork
April 16 2018
Dr Rodney Boucher leads on-ground exploration activities as the company pushes on in Victoria.
May 23 2018
Chaarat's bold bid for the Kumtor mine is the first of many potential deals

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use