Landore Resources has provided an update on the drilling operation conducted at the Junior Lake nickel-copper project. The 2012 drill program has expanded the B4-7 deposit along strike and down dip towards the western part.
The deposit has been outlined over a strike length of 800 m and the B4-7 huge sulphide mineralization stays exposed down dip and along strike to the west.
The nearby B4-8 prospect and B4-7 deposit towards the western part is called as the Scorpion zone. Exploration drill program has found that this zone houses huge potential sulphide mineralization. The hole 0412-446 encountered B4-7 massive mineralized sulphide having grades more than 1% nickel and 1% copper together with significant platinum and cobalt. The drilling results obtained for this year are highly encouraging.
Bill Humphries, Landore Resources’ Chairman, stated that the new drill program has expanded the significant potential tonnage of the B4-7 deposit. It has shown that the current resource has a high possibility of being expanded through strike and depth expansion program, which has improved the economic feasibility of the Junior Lake project.
The Junior Lake property lies about 235 km towards the north-northeastern part of Thunder Bay, and hosts the B4-8 prospect, the VW Nickel deposit, the B4-7 nickel-copper-cobalt-PGMs deposit and several other high-potential mineral occurrences.
The Scorpion zone, a unique geophysical magnetic anomaly, is situated roughly 3 km towards the northwestern part of the VW deposit and houses the B4-7 deposit as well as the B4-8 prospect. The zone expands 500 m to east of the B4-7 deposit’s 00 base line.
The B4-7 deposit mineralization is present in a sub-vertical huge sulphide vein in the immediate hanging wall. The objective of the new drill program was to extend the B4-7 deposit. The company has completed 4 re-entered and 81 diamond core NQ-size holes. It has obtained final assay results from the drilling that encloses the west part of the B4-7 deposit.
Currently, the company has planned to begin a drill campaign during the fourth quarter of this year, wherein the program includes 14 holes for 7,000 m in order to evaluate the western expansion of the mineralized B4-7 deposit.