TORONTO, June 09, 2022 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (TSXV: JOR; JORF, FRA: 2JR1) (“Jordan“or the”Company“) is pleased to release the first assay results from its winter 2022 drilling campaign on its flagship Vallée project, which is located north of Val-d’Or in Quebec, Canada. The results come from the first hole VAL22-2-6 and show several zones of lithium content.
|Borehole||From (m)||to M)||Length||Li2Y (%)|
*Drill core width only, does not represent true width
As mentioned in a press release dated May 24, 2022, the Company has completed its previously announced diamond drill program, with 3,629m drilled by May 2022. The Company has now received initial assay results from the program and awaits further analysis of the program. in which each hole showed multiple intersections of spodumene pegmatite.
All 18 holes from its winter 2022 campaign intersected the new spodumene pegmatite swarm on its Vallée property in a previously underexplored eastern extension, which had not been exposed by the North American Lithium mine to the west. de Vallée (see Fig. 1) .
Since restarting drilling in September 2021, Jourdan has drilled 26 drill holes, all of which have intersected multiple spodumene pegmatite dykes.
Jourdan’s Executive Chairman, Dr. Andreas Rompel, said: “These initial results confirm the consistency of the grade intersected during last year’s campaign and the sampling results of the bulk sample. We look forward to receiving the next results from all recently drilled and assayed holes.
The now completed drilling program was carried out by Forage Hébert of Amos, Quebec, under the supervision of Alex Belo, Geologist Inc. (ABG Exploration) of Amos, Quebec.
The 3,629m diamond drill program, now complete, aimed to follow up results from a bulk sample taken in 2018 and the fence line drilled in 2011 and 2021 along the west side of the Vallée property. of the Company, which borders the North American Lithium mine. As expected, the drill program significantly extended the known deposit on the Company’s Vallée property to the east. Since February 2022, 18 holes approximately 200 m deep have been drilled, each targeting the pegmatite swarm identified by stripping the bulk sample taken from the Vallée property in 2018. Assay results from the bulk sample revealed elevated levels of Li2O grades (for further 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 encouraged the Company to continue exploration and exploratory drilling along the strike and depth of its Vallée property.
Jourdan has significantly expanded its database by adding more boreholes since the start of exploration work in 2011. The 2011 drilling included 21 boreholes (4,256 m), the 2021 campaign included eight boreholes (1,680 m) and with the 3,629 m completed in 2022, Jourdan has over 9,490 m (47 holes) of core that the Company intends to use in the future to establish an initial mineral resource estimate.
The scientific and technical information contained herein has been reviewed and approved by Alexandr Beloborodov, P.Geo., an independent consultant who is a “qualified person” as defined in National Instrument 43-101 – Disclosure standards for mining 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 mineral properties. The Company’s properties are located in Quebec, Canada, primarily in the spodumene pegmatites of the La Corne Batholith, around North American Lithium’s Quebec lithium mine.
The content and grades of any mineral deposits on the Company’s properties are conceptual in nature. There has not been sufficient exploration to define a mineral resource on the property and it is uncertain whether further exploration will result in the delineation of a target as a mineral resource.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the Company’s winter 2022 drilling program, including anticipated assay results, and the Company’s ability to make an initial resource estimate. minerals on its properties and to 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 planned”, “budget”, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or statements that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements of Jourdan to differ materially 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, labor disputes and shortages and other hazards of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or planned. 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 forward-looking information except in accordance with applicable securities laws.
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