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.

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.

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"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