JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF,
FRA:2JR1) (“
Jourdan” or the
“
Company“) is pleased to announce that it has
commenced a soil sampling program on the majority of its claims
located in the long-established lithium mining district of
Preissac-La Corne, which is approximately 35km north of Val-d’Or in
Quebec, Canada.
The sampling program is being conducted on a
400m x 200m regional grid and represents a pre-cursor to a
potential future drilling program. A field crew consisting of
geological and exploration technicians has been mobilized to the
area and has begun collecting soil samples. Soil samples are being
collected using two-person teams equipped with picks and shovels.
Samples are being collected from the b-horizon at a depth ranging
from 10 cm to 90 cm. Approximately 1,000 sites are scheduled to be
sampled. To date, the soil sampling technique, utilizing both
in-situ and pXRF analysis directly in the field, is working very
efficiently to test these large areas rigorously, rapidly and
cost-effectively. Samples are being analyzed on a daily and weekly
basis for rubidium (Rb) and tantalum (Ta) by the latest model X-505
portable XRF gun from SciAps. Samples are then sent to Impact
Global Solutions (IGS) lab in Delson, Quebec for pathfinder element
analysis.
The soil sampling program is aimed at finding
new lithium anomalies and showings in areas of known lithium
mineralization at Baillargé, Preissac-La Corne, Duval Lithium in La
Motte, as well as Vallée Lithium. We also expect to commence a
geological mapping and prospecting program in the near future to
run parallel with the soil sampling program.
Sample data collected includes UTM location,
depth of sample, color, moisture content, texture (sand, silt,
clay), and percentage, angularity and lithology of pebbles and or
cobbles. Samples collected amount to approximately 1 kilogram of
material and are placed in plastic sample bags. Wet samples are
additionally placed into 5 ml plastic Ziploc bags to prevent
contamination. At the end of the day, all samples are placed inside
the Company's shop facility on a rack and allowed to dry for at
least one week before shipping to Impact Global Solutions (IGS) lab
in Delson, Quebec.
The geochemical soil sampling program was
designed and is being sampled by GeoTasks Inc. technicial team from
Sudbury, Ontario. Their technical team is supervised by OGQ
compliant senior geologists.
“We are not only committed to the establishing
an initial mineral resource at Vallée, our flagship property, but
we are focussed on the further exploration at our Baillargé and
Preissac-LaCorne properties,” said Dr. Andreas Rompel, Jourdan’s
executive Chairman.
Jourdan’s Chief Executive Officer, Rene Bharti,
stated, “Jourdan is pleased to begin exploration on its other
significant properties. The Company is keenly focused on
establishing an initial mineral resource estimate at Vallée in the
near term and commencing a drill program in the near future at its
other two properties, Baillargé and Preissac-La Corne. With such a
relatively large land package, Jourdan is fortunate to have other
extremely interesting properties to explore and develop. We
anticipate announcing our initial resource estimate on our Vallee
property in the near term, but will continue to move towards an
aggressive exploratory drill campaign on our Preissac-La Corne and
Baillarge properties.”
Figure 1: Soil sampling location on the Jourdan
properties which are approximately 35km north of
Val-d’Or.
https://www.globenewswire.com/NewsRoom/AttachmentNg/553c3a80-9b09-4511-bffd-8941be15d523
The Company’s now completed diamond drilling
program of 3,629m was intended to follow up on the results of a
40-tonne bulk sample collected in 2018, the fence line drilled in
2011, and follow-up drilling in 2021 along the western side of the
Company’s Vallée property, which borders the North American Lithium
mine. As anticipated, the drilling program substantially extended
the known deposit at the Company’s Vallée property eastwards. Since
February 2022, 18 holes of approximately 200m depth have been
drilled, each aimed at the pegmatite swarm identified by the
trenching of the bulk sample collected on the Vallée property in
2018. The assay results from the bulk sample revealed high Li2O
grades (for more information, please see the Company’s press
release dated April 29, 2021, which is available under the
Company’s SEDAR profile at www.sedar.com), which have encouraged
the Company to continue exploration and exploratory drilling along
the strike and depth extents of its Vallée property.
Jourdan has significantly enlarged its database
by adding more drillholes since the start of the exploration work
in 2011. The 2011 drilling comprised 21 drillholes (4,256m), the
2021 campaign consisted of eight drillholes (1,680m) and with the
completed 3,629m in 2022, Jourdan has more than 9,490m (47 holes)
of core that the Company intends to use in the future to establish
an initial mineral resource estimate.
Qualified PersonThe scientific
and technical information contained herein has been reviewed and
approved by Alexandr Beloborodov, P.Geo., an independent consultant
that is a “qualified person” as defined in National Instrument
43-101 – Standards of Disclosure for Mineral Projects.
About Jourdan Resources Inc.
Jourdan Resources Inc. is a Canadian junior mining exploration
company trading under the symbol “JOR” on the TSX Venture Exchange
and “2JR1” on the Stuttgart Stock Exchange. The Company is focused
on the acquisition, exploration, production, and development of
mining properties. The Company’s properties are in Quebec, Canada,
primarily in the spodumene-bearing pegmatites of the La Corne
Batholith, around North American Lithium’s producing Quebec Lithium
Mine.
For more information:Rene
Bharti, Chief Executive Officer and PresidentEmail:
info@jourdaninc.comPhone: (416) 861-5800www.jourdaninc.com
Cautionary statements
The content and grades of any mineral deposits
at the Company’s properties are conceptual in nature. There has
been insufficient exploration to define a mineral resource on the
property and it is uncertain if further exploration will result in
any target being delineated as a mineral resource.
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the Company’s summer 2022
soil sampling program, the ability of the Company to establish an
initial mineral resource estimate at its properties, commence a
geological mapping and prospecting program in the near future,
commence drilling at its Baillargé and Preissac-La Corne
properties, and execute its business plan. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or statements
that certain actions, events or results “may”, “could”, “would”,
“might” or “will be taken”, “occur” or “be achieved”.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Jourdan to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: receipt
of necessary approvals; general business, economic, competitive,
political and social uncertainties; future mineral prices and
market demand; accidents, labour disputes and shortages and other
risks of the mining industry. Although Jourdan has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. Jourdan does not undertake
to update any forward-looking information, except in accordance
with applicable securities laws.
NEITHER TSX
VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Jourdan Resources (TSXV:JOR)
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