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Update - Junior Lake Nickel-Copper Property
Update - Junior Lake Nickel-Copper Property.
About this update from Landore Resources Limited
[{"type":"text","content":"\n \nRNS Number : 1712P Landore Resources Limited 30 September 2013 \n \n\n30th September 2013\n \nLANDORE RESOURCES LIMITED\n(AIM Ticker: LND.L)\n \n \nREVIEW OF EXPLORATION POTENTIAL \nJUNIOR LAKE NICKEL-COPPER PROPERTY\n \nFollowing the update of the Mineral Resource estimate for its B4-7 Nickel-Copper deposit on the Junior Lake property as announced on 17 January 2013, Landore Resources (\"Landore or the Company\") retained RPA Inc. of Toronto, Ontario, Canada (\"RPA\"), to review the regional geological context of the B4-7 to VW deposit area, the stratigraphic setting and style of mineralisation of the VW Nickel deposit.\n \nRPA's conclusions include:\n \n· Work completed on the B4-7 and VW deposits to date has clearly demonstrated the existence of a geological environment that is favourable for the deposition of magmatic nickel-copper sulphide mineralisation.\n \n· Based on geophysical signatures and available geological knowledge, this favourable environment is believed to exist along a strike length of approximately 10 kilometres. At its widest the favourable rock sequences are in the order of 1,000 metres (m) to 1,500m in thickness.\n \n· Current magnetic signatures clearly outline that the B4-7 and VW deposits are situated along separate stratigraphic horizons. Other available geological information concurs with this interpretation.\n \nRPA's recommendations include:\n \n· Continue with evaluation of the two sulphide horizons, employing a strategy that focuses on testing for the presence of additional nickel-sulphide mineralisation at shallow levels first. This evaluation can comprise a phase of rapidly screening a large volume of rock by geophysical methods, to be followed up by a focussed drill programme. \n \nIn conjunction with the B4-7 deposit upgrade, in fall 2012 Landore retained Quantec Geoscience, of Toronto, Canada (\"Quantec\") to conduct a deep-penetrating ORION 3D \"Direct Current Induced Polarization\" and \"Magnetotellurics\" (DCIP + MT) geophysical survey on the Scorpion Zone, covering the western portion of the B4-7 deposit and the area 1km along strike to the west. Additional resource potential of the B4-7 deposit at depth is supported by the surv...