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Market: AIM
Sector: General Mining
Epic: LND
News: Latest news
Web Site: Landore Resources
Other Articles: 04-05-201004-05-201007-04-2010 
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Landore Resources

Landore Resources

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 Canadaís 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.

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Monday, March 15, 2010

Landore Resources identifies 545 Mt iron exploration target at Lamaune prospect

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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.

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