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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"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
-
Adidas, Nike or Jordans - could collectable trainers make you rich?The right pair of trainers can fetch six figures. Here's how you can start collecting vintage Adidas, Nike or Jordans now
-
Early bird ISA investors flock to global funds, India and the USThere’s been an increase in investors maxing out their ISA at the start of the new tax year. But where are they putting their cash and why does it make sense to be an early bird investor?
