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landore resources ltd (LND) Snapshot

2.93 GBp
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landore resources ltd (LND) Details

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc., identifies, acquires, explores, and develops precious and base metal projects in eastern Canada and Nevada. It explores for nickel, copper, cobalt, platinum group elements, gold, lithium, iron ore, zinc, and silver deposits. The company primarily focuses on the exploration of the Junior Lake property that covers an area of approximately 29,490 hectares located in Ontario, Canada. Landore Resources Limited is based in St. Sampson, the Channel Islands.

6 Employees
Last Reported Date: 05/14/14

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landore resources ltd (LND) Key Developments

Landore Resources Ltd. Announces Drilling Update on B4-7 East Area, Junior Lake Nickel-Copper Property

Landore Resources Limited announced a drilling update on the B4-7 East area of the Junior Lake Nickel-Copper Property, Ontario, Canada. A preliminary drill programme, consisting of 16 drill holes (0414-477 to 0414-492) for 4,201 meters, has been completed over the prospective area from the B4-7 Nickel-Copper-Cobalt-PGEs deposit eastwards for 1,500 meters to line 2100E. The Drilling has successfully intersected Alpha Zone style disseminated sulphide mineralization correlating well with the December 2013 ground Electromagnetic (MaxMin), VLF and Magnetic geophysical surveys and the January 2014 DCIP + MT geophysical survey. Results are pending for drill-holes 0414-481 to 0414-492 inclusive and will be reported when received. Planned works: the area drilled is the first of three target areas containing 9 distinct geophysical anomalies as identified by the January 2014 3D DCIP + MT ground geophysical survey. A second 4,000 meter drill programme is scheduled to commence September 2014 to test prospective targets identified in the VW West and BAM East areas by the December 2013 ground Electromagnetic (MaxMin), VLF and Magnetic geophysical surveys, as well as the January 2014 3D DCIP + MT ground geophysical survey. Grassy Pond Sill Alpha Zone: drilling this campaign has focused on geophysical anomalies corresponding to the southern margin of the Grassy Pond Sill, a highly prospective gabbro complex with compositions ranging from anorthosite to gabbro. Disseminated mineralization intersected by recent drilling has resembled that of the Alpha Zone, a mineralized zone enriched in palladium and platinum found in both the open pit and underground portions of the B4-7 deposit. The Alpha Zone has been interpreted to be a contact-style of sulphide mineral deposition on or close to the original base of the Grassy Pond complex. Alpha Zone mineralisation has not been included in the B4-7 resource due to its complexity along strike, however with further drilling the potential exists to consider portions of the Alpha Zone as mineral resources. Follow up drilling is warranted to determine the potential relationship between the B4-7 East sulphide mineralization and that of the Grassy Pond Sill and the Alpha Zone, as well as the B4-7 deposit itself, to unlock the full potential of this structurally complex area. The Junior Lake property: the Junior Lake property, 100% owned by Landore Resources, is located in the province of Ontario, Canada, approximately 235 kilometers north-northeast of Thunder Bay, and is host to; the Scorpion Zone, which contains the B4-7 Nickel-Copper-Cobalt-PGEs resource, the recently-identified Exploration Target and the Alpha Zone. Junior Lake also contains the VW Nickel resource and numerous other highly prospective mineral occurrences. The report is compliant with the requirements of National Instrument 43-101 (NI 43-101). The resource remains open down plunge at depth and along strike to the west. The report is to NI 43-101 standards. The deposit remains open down plunge at depth and along strike to the east and to the west. Works completed on the Junior Lake property to date have clearly demonstrated the existence of a geological environment that is favorable for the deposition of magmatic nickel-copper sulphide mineralization. Based on geological signatures and available geological knowledge, this favorable environment is believed to exist along a strike length of approximately 10 kilometers. At its widest, the favorable rock sequences are in the order of 1,000 to 1,500 meters in thickness.

Landore Resources Ltd., Annual General Meeting, Jul 02, 2014

Landore Resources Ltd., Annual General Meeting, Jul 02, 2014., at 11:30 GMT Standard Time.

Landore Resources Ltd. Reports Consolidated Audited Earnings Results for the Full Year Ended December 31, 2013

Landore Resources Ltd. reported consolidated audited earnings results for the full year ended December 31, 2013. For the year, the company reported operating loss was £2,501,309 against £4,486,027 a year ago. Loss before income tax was £2,383,501 against £4,362,810 a year ago. Loss attributable to equity holders of the company was £2,415,561 or £0.007 diluted per share against £4,330,518 or £0.014 diluted per share a year ago. Net cash used in operating activities were £2,376,813 against £4,202,096 a year ago. Purchase of property, plant and equipment was £15,664 against £22,890 a year ago.


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