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Drilling results from Landore Resources show good continuity at B4-7 nickel property

AIM-listed Landore Resources today released new drilling results from their Junior Lake property in Ontario, which hosts two key prospects – the B4-7 Zone and the VW Zone – just three kilometres apart. The B4-7 Zone is polymetallic, and already hosts an inferred JORC compliant resource of 28,900 tonnes of nickel equivalent (nickel plus copper-cobalt-PGE credits).

Infill drilling to upgrade this resource to indicated status has just been completed, with a view to preparing an NI 43-101 compliant statement in due course. The drill programme has shown that the B4-7 deposit remains open to the west along strike and down plunge to the northwest, and both intersection widths and nickel grades appear to increase with depth. Among the best grades were 2.7% nickel over 1.17 metres, 7.05% copper over 0.5 metres, and PGMs grading 4.98 g/t over 0.7 metres. The general tenor is best represented by drill core 0409-201, which intersected 0.78% Ni, 0.67% Cu, 0.04 Co, 0.13 Pt and 0.61 Pd over 15.4 metres at 266.80 metres depth.
The deposit displays excellent continuity and has considerable variation in width along strike and down dip varying from 1 - 2 metres to over 15 metres. A separate zone of highly anomalous PGE and Ni-Cu mineralization is observed in the hanging wall. A previously completed airborne electromagnetic survey suggests the B4-7 deposit may continue for an additional 500 metres to the west of the most westerly drill holes completed to date.

Landore are also drilling at the VW prospect, to test the down plunge continuity of the high-grade nickel shoot at the western end of the Katrina horizon, and carrying out airborne geophysics at a number of other locations within the property.

Quick facts: Landore Resources Ltd

Price: 1.2 GBX

Market: AIM
Market Cap: £16.61 m

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