Landore Resources Share Discussion Threads

[lochlea] 19/8/2014 09:04

Call me cynical but sometimes wonder if this share price is being manipulated.

There's certainly enough circumstantial evidence over past 2 years to suggest that it could be.

[value viper] 19/8/2014 08:50

someone def wants out it seems ?!? bang. bang. bang , shares back flat

[value viper] 19/8/2014 08:43

agree about the seller

[lochlea] 19/8/2014 08:16

I think this would have easily been back to 7-8p levels had it not been for what looks like a persistent drip-feed seller........ for what also seems like to have been doing so for many months.

[swizz] 19/8/2014 07:34

First drilling update from this summer's campaign.......GL S

RNS Number : 4514P

19 August 2014

LANDORE RESOURCES LIMITED

(AIM Ticker: LND.L)

DRILLING UPDATE

B4-7 EAST AREA

JUNIOR LAKE NICKEL-COPPER PROPERTY

London, United Kingdom - 19 August 2014 - Landore Resources Limited (AIM:LND)("Landore Resources" or "the Company") today announces a drilling update on the B4-7 East area of the Junior Lake Nickel-Copper Property, Ontario, Canada.

Highlights:

-- A preliminary drill programme, consisting of 16 drill holes (0414-477 to 0414-492) for 4,201 metres, has been completed over the prospective area from the B4-7 Nickel-Copper-Cobalt-PGEs deposit eastwards for 1,500 metres to line 2100E

-- The Drilling has successfully intersected Alpha Zone style disseminated sulphide mineralisation correlating well with the December 2013 ground Electromagnetic (MaxMin), VLF and Magnetic geophysical surveys and the January 2014 DCIP + MT geophysical survey.

Intersections to-date include:


Drill-hole From Width* Ni Cu Co Pd Pt Au
----------- ------- ------- ----- ----- ----- ------ ---- ----
No Metres Metres % % % ppb ppb ppb
----------- ------- ------- ----- ----- ----- ------ ---- ----
0414-478 183 6.75 0.31 0.07 0.02 1,016 196 5
----------- ------- ------- ----- ----- ----- ------ ---- ----
including 189 0.75 1.28 0.27 0.07 2,960 164 12
----------- ------- ------- ----- ----- ----- ------ ---- ----
0414-478 245.37 0.26 0.94 0.10 0.05 130 53 23
----------- ------- ------- ----- ----- ----- ------ ---- ----
0414-479 292.38 1.42 0.21 1.42 0.01 185 30 105
----------- ------- ------- ----- ----- ----- ------ ---- ----

*The actual true thickness of mineralisation is estimated to represent between 60-70% of the intervals shown in the above table.

Results are pending for drill-holes 0414-481 to 0414-492 inclusive and will be reported when received.

Planned works:

The above 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 metre 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 mineralisation 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 mineralisation 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 kilometres 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.

B4-7 Nickel-Copper-Cobalt-PGEs Resource:


RESOURCE CLASS VOLUME GRADE Contained Metal
(tonnes) (% NiEq) (tonnes NiEq)
----------------- ----------- ----------- -----------------
Indicated 2,695,000 1.24 33,248
----------------- ----------- ----------- -----------------


1,500,000
Exploration Target to 2,000,000 1.24 20,000
--------------------- --------------- ------- ---------

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.

VW Nickel Resource:


RESOURCE CLASS VOLUME GRADE Contained Metal
(tonnes) (% NiEq) (tonnes NiEq)
----------------- ----------- ----------- -----------------
Indicated 3,730,000 0.49 21,760
----------------- ----------- ----------- -----------------
Inferred 720,000 0.49
----------------- ----------- ----------- -----------------

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 favourable for the deposition of magmatic nickel-copper sulphide mineralisation. Based on geological signatures and available geological knowledge, this favourable environment is believed to exist along a strike length of approximately 10 kilometres. At its widest, the favourable rock sequences are in the order of 1,000 to 1,500 metres in thickness.

QAQC:

Landore has in place a stringent quality assurance and quality control programme to ensure best practices in sampling and assaying. All samples from the B4-7 project were collected by employees of Landore and shipped directly to ALS Laboratories, Thunder Bay, (ISO 9001 Certified) for preparation and assay in sealed bags. All samples are assayed for gold, platinum and palladium by fire assay, and nickel, copper, and cobalt by aqua regia digestion with AA finish, according to ALS's procedures PGM-ICP23, Ni Cu AA46, and Co AA45. Inductively-coupled plasma ("ICP") analyses for a suite of multi-elements (35 elements, including base metals and silver) were performed by procedure ME-ICP41.

Michele Tuomi, (P.Geo., BSc. Geology), Director/VP Exploration of Landore Resources Canada Inc. and a Qualified Person as defined in the Canadian National Instrument 43-101, has reviewed and verified all scientific or technical mining disclosure contained in this announcement.

- ENDS -

Link....

[robers98] 06/8/2014 11:13

Another move closer to 4p.

[robers98] 06/8/2014 08:48

Good start to the morning as those drill numbers get ever closer.

[chutes01] 05/8/2014 22:21

looks better, it wont take much to return to healthier levels.

[swizz] 05/8/2014 16:37

Another 200k at close of play and paid over at 3.34p.....bodes well for tomorrow....GL S

[swizz] 05/8/2014 11:54

A couple of decent buys today 200k and 312k.....L2 firming up a touch to 2 v 1....GL S

[swizz] 04/8/2014 15:02

Some interest today as we get nearer to the start of drilling news flow.......GL S

[swizz] 01/8/2014 12:37

Decent sized delayed buy ticks through for 450,000 at 3.1p........GL S

Correction - It is from the 31st so not so sure

[robers98] 29/7/2014 21:30

Goldman sees nickel, palladium trouncing iron ore, soy
Nickel and palladium are set to outperform iron ore and soybeans as supply outlooks for commodities diverge amid a tentative acceleration in global economic growth, according to Goldman Sachs Group Inc.

The bank kept its 12-month recommendation for commodities at neutral, analysts including Jeffrey Currie wrote in a report dated yesterday. They expect the total return for the Standard & Poor's GSCI Enhanced Commodity Index to be 0.1 percent in 12 months helped by positive roll yields.

Citigroup Inc. said last month that interest is returning to the asset class as Societe Generale SA called commodities a "really mixed bag" across the sectors. Raw materials are already trading independently, with a ban on ore exports from Indonesia spurring a rally in nickel, while expectations for a deepening global glut have sent iron ore into a bear market.

[swizz] 25/7/2014 16:27

Interest picking up on the run in to close.......GL S

[swizz] 25/7/2014 14:01

it seemed rude not to have a further nibble.......GL S

[lochlea] 25/7/2014 11:46

I've got a good feeling this is closing in towards the 'end game'.

[value viper] 25/7/2014 11:30

i've joined u and had some more myself; 3p support on the uptrend i hope
looking forward to (more) regular updates

[lochlea] 25/7/2014 09:20

Just had a wee top-up. Have held for best part of a decade. Seems a relatively risk free investment at these levels (3.15p). Famous last words!!
My target was always 35p. Not so sure that's achievable given how many shares are now in circulation (half a billion give or take). Still can't have everything,eh?

[value viper] 23/7/2014 16:29

concur swizz

[swizz] 23/7/2014 14:38

It would appear some T trade is unraveling and perhaps some flipping, the directors options are not exactly great PR in relation to pricing, so perhaps a bit of breather until news flow mid to late August?........GL S

[hugus maximus] 23/7/2014 11:44

Lochlea .. many thanks for that. I had taken a look on their website will do so again now. Good luck

[value viper] 23/7/2014 10:43

agreed ; how's nickel holding up ?

[robers98] 23/7/2014 10:26

Wonder how long it will be before the 1st news from drill samples will filter through?