Landore Resources intersects sulphide mineralisation in Canada

Landore Resources shares rose Monday after the miner said it intersected massive sulphide mineralisation at the Scorpion prospect in Ontario, Canada.

Landore Resources shares rose Monday after the miner said it intersected massive sulphide mineralisation at the Scorpion prospect in Ontario, Canada.

One drill hole from the B4-7 deposit at the Scorpion Zone showed five metres at 0.87% nickel, 0.53% copper, 0.08% cobalt and 531 parts per billion (ppb) palladium.

Mineralisation was also intersected on the Alpha Zone, returned three metres at 0.73% nickel, 0.15% copper, 0.04% cobalt, 3,283 ppb palladium and 240 ppb platinum.

"The recently completed drilling programme on the Scorpion Zone has confirmed the continuation of the B4-7 massive sulphide mineralisation between the existing intercepts on line 175W and 300W, and further validates the exploration target which contains a potential 1.5 Mt [million tonnes] to 2.0 Mt of sulphide mineralisation of similar grade range to that which has been outlined to date," the company said in a statement.

Pre-feasibility studies on the combined B4-7 and the VW nickel deposits have started while a drill programme is being prepared to begin in the second or third quarter.

RD

Recommended

Aviva: a share for income investors to tuck away
Share tips

Aviva: a share for income investors to tuck away

Insurance giant Aviva is one of the highest yielding stocks in the FTSE 100 – and it’s cheap, too, making it a tempting target for income investors. R…
18 May 2022
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves looks at the FTSE 100’s top yielding stocks for income investors to consider.
18 May 2022
Three fast-growing, undervalued UK mid-cap stocks to buy now
Share tips

Three fast-growing, undervalued UK mid-cap stocks to buy now

Professional investor Katen Patel of the JPMorgan Mid Cap Investment Trust picks three fast-growing UK mid-cap stocks to buy now.
18 May 2022
Should you buy Vodafone shares, or steer clear?
Share tips

Should you buy Vodafone shares, or steer clear?

Vodafone grew revenue by 4% and profit by 11% last year, and offers investors a 6.4% dividend yield. So should you buy Vodafone shares? Rupert Hargrea…
17 May 2022

Most Popular

Get set for another debt binge as real interest rates fall
UK Economy

Get set for another debt binge as real interest rates fall

Despite the fuss about rising interest rates, they’re falling in real terms. That will blow up a wild bubble, says Matthew Lynn.
15 May 2022
Is the oil market heading for a supply glut?
Oil

Is the oil market heading for a supply glut?

Many people assume that the high oil price is here to stay – and could well go higher. But we’ve been here before, says Max King. History suggests tha…
16 May 2022
Value is starting to emerge in the markets
Investment strategy

Value is starting to emerge in the markets

If you are looking for long-term value in the markets, some is beginning to emerge, says Merryn Somerset Webb. Indeed, you may soon be able to buy tra…
16 May 2022