Proactiveinvestors recommends

Additional Information

Market:	AIM
Sector:	General Mining
EPIC:	LND
Latest Price:	8.00 (0.00%)
52-week High:	22.25
52-week Low:	8.00
Market Cap:	21.10M

1 year chart

1 day chart

Landore Resources Full Landore Resources profile here

Landore Canada is engaged in mineral exploration and development, with the present focus of its operations being mineral exploration in Ontario, Quebec and New Brunswick, Canada. Landore Canada’s principal properties are the “Junior Lake Property” and the “Miminiska Lake Property”, both located in the Thunder Bay Mining District, Ontario, Canada. Landore Canada is also the owner of other properties in Canada and Nevada in the US containing gold and base metal drill intersections.

Landore Resources identifies 545 Mt iron exploration target at Lamaune prospect

Monday, March 15, 2010

Landore Resources (AIM: LND) said that an independent technical study at the Lamaune iron prospect at the Junior Lake property in Ontario has identified an exploration target of 545 Mt (million tonnes) at an average grade of 29% Fe (iron).

Test work results showed a grade of 68% ore concentrate with what the company called acceptable levels of impurities could be achieved.

Landore also noted that the project was located just 13 km (kilometres) from the Canadian National Railway providing direct access to the Port of Thunder Bay on Lake Superior. In addition, the iron deposit has abundant water resources nearby and is just 10 kilometres from the planned hydroelectric power station on the Little Jackfish River with the main transmission line passing through the property.

The presence of a large magnetite iron deposit at the western end of the Junior Lake property was reported in October 2008. Further exploration work in the following year together with additional drilling and trenching indicated that the deposit could be of economical significance, which was followed by the initiation of independent studies to provide an estimate of the potential size and quality of the Lamaune iron deposit.

The independent study identified an exploration target of 545 Mt (million tonnes) at an average grade of 29% Fe at a cut-off grade of 20% Fe and to a depth of 300 metres and an exploration target of 297 Mt at an average grade of 36% Fe at a cut-off grade of 25% Fe and to a depth of 300 metres.

Further drilling will be required to define a mineral resource.

Besides the Lamaune iron deposit, Junior Lake hosts the B4-7 nickel deposit, the VW Nickel deposit, the BAM zone gold occurrence, the recently discovered Lamaune gold prospect and other prospective mineral occurrences.

Last week, the company said that drilling at the Lamaune gold prospect continued to intersect widespread gold mineralisation, including 0.6 metres at 118.66 g/t (grammes per tonne) gold, and announced staking additional claims for 9,472 ha (hectares) in the Keezhnik Lake area 20 km (kilometres) from its Miminiska Lake property.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). 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.