ONTARIO – Landore Resources of Thunder Bay, ON, says last year's drilling on the B4-7 deposit at its Junior Lake property near Armstrong has increased the combined pit and underground resource to 2.69 million tonnes grading 1.24% NiEq containing 33,247 tonnes of metal.
Breaking down the numbers, the B4-7 deposit contains an indicated open pit resource of 849,000 tonnes and a 1.85 million indicated underground resource of 1.85 million tonnes. The combined grade is 0.70% Ni, 0.46% Cu, 0.07% Co, 0.14 g/t Pt, 0.55 g/t Pd and 0.03 g/t Au.
Landore has identified a promising exploration target along strike and down dip from the indicated resource. The company says it may contain a potential 1.5 million to 2.0 million tonnes of sulphide mineralization of similar grade to that which has been outlined to date. An infill and extension drilling program is in progress on the target.
"The updated B4-7 resource together with the nearby VW nickel resource allows Landore to proceed with pre-feasibility studies," noted chairman Bill Humphries. " Landore is well poised to advance the project towards production in 2015-16."
Further explorations of the drilling results by cut-off values are listed in the news release of Jan. 17, 2013, posted at Landore.com.