StockMarketWire.com - Landore has engaged Roscoe Postle Associates to complete a technical report which is scheduled to be finalised during the fourth quarter following the recent combination of the Junior Lake and Lamaune properties in Ontario, Canada.

Landore's acquisition of the contiguous Lamaune property (90.2% owned by Landore Canada) has increased the size of the Junior Lake property from 22,497 hectares to 26,593 hectares, extending the coverage of the highly prospective Archean greenstone belt, traversing the property from east to west, and from 19 kilometres to approximately 31 kilometres in length.

The directors are considering a secondary listing on the Toronto Stock Exchange and to support any application, Landore will be required to submit an updated NI 43-101 technical report on its Junior Lake property to include all of the previously reported mineral resource estimates as well as the BAM East gold deposit. Landore said the technical report would include resource upgrades on the following:

- The BAM East gold deposit: February 2017 mineral resource estimate of 301,000 ounces gold plus upgrade to include 11,060 metres of additional drilling in 2017.

- The B4-7 nickel-copper-cobalt-platinum-palladium deposit: January 2013 mineral resource estimate of 2,695,000 tonnes at 1.24% nickel equivalent (NiEq) in the 'indicated' category for 33,248 tonnes of contained metal, plus upgrade to include 16,910 metres of additional drilling in 2013/2015.

- The VW nickel-copper-cobalt deposit: January 2010 mineral resource estimate of 3.73 million tonnes at 0.49% NiEq in the 'indicated' category, and 0.72 million tonnes at 0.49% NiEq in the 'inferred' category giving a combined total 21,760 tonnes of contained NiEq metal.

At 8:04am: [LON:LND] Landore Resources Ltd share price was +0.05p at 1.95p



Story provided by StockMarketWire.com