Jourdan reports high levels of Li2O from its borehole

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TORONTO, Dec. 20 2021 (GLOBE NEWSWIRE) – Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF) (“Jourdan“or the”Society”) Is pleased to publish the next partial analysis results of its September / October 2021 drilling campaign on its flagship Vallée project, which is located 35 km north of Val-d’Or in Quebec, Canada. The results come from the first five drill holes and show several distinct zones of pegmatite intersections.

Strengths of Line 2 *:

Strong points
Borehole From (m) To M) Length (m) Li2O (%)
VAL21-2-2 87.9 88.8 0.9 1.23
VAL21-2-3 207.0 208.0 1 1.36
VAL21-2-4 167.4 168.3 0.9 1.62
VAL21-2-5 99.75 100.85 1.1 1.19
VAL21-2-5 102.5 103.5 1.05 1.52

* drill core width only; does not represent true width

Map 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/65b795c9-9f96-4cf9-a72a-646fbba0f33b

As mentioned in a press release dated October 15, 2021, the Company has completed its previously announced diamond drilling program, with 1,682 meters of drilling completed in October 2021. The Company has now received 62% of the assay results. program and awaits further analysis. of the program in which each hole showed multiple intersections of spodumene pegmatite. These latest results are expected before the holidays.
The drilling program was completed by Les Forages Géo-Nord of Dolbeau-Mistassini, Quebec, under the supervision of Alexandr Beloborodov Géologue Inc. (ABG Exploration) of Laval, Quebec.

The pegmatite dykes appear to become more abundant and wider further north and it is Jourdan’s intention to expand historic drilling in the next campaign.

Jourdan Chairman and CEO René Bharti commented: “The latest drilling results seem to confirm the commercial quality of lithium that Jourdan has in its vast set of lands. These results will allow us to move closer to defining a resource, which will be an essential next step in becoming the next lithium producer in Quebec.

“We are delighted to announce these grades from our second fencing line drilled since 2011,” said Dr. Andy Rompel, Executive Chairman of Jourdan, “and we look forward to the next results for the remaining three holes. We feel extremely encouraged to continue drilling on our Valley property to take advantage of what is already known and expand known deposits north and east.

All samples were sent to the Impact Global Solutions Inc. laboratory in Delson, Quebec (“IGS”) For sodium peroxide melt analysis and ICP finish. This laboratory is recognized by the industry and accredited ISO / MEC 17025 by the Standards Council of Canada. In addition to quality assurance and quality control (“QA / QC”) Employed by IGS, Jourdan has developed a rigorous QA / QC protocol for its operators, including the systematic insertion of analytical standard samples, duplicates and coarse silica blanks.

Other significant results
Borehole From (m) To M) Length (m) Li2O (%)
VAL21-2-1 144.4 150.4 6 0.13
VAL21-2-2 87.0 87.9 0.9 1.03
VAL21-2-2 87.9 88.8 0.9 1.23
VAL21-2-2 88.8 89.7 0.9 0.87
VAL21-2-2 94.2 95.05 0.85 0.54
VAL21-2-3 18.0 19.0 1 0.57
VAL21-2-3 23.0 23.8 0.8 0.74
VAL21-2-3 23.8 24.4 0.6 0.84
VAL21-2-3 207.0 208.0 1 1.36
VAL21-2-3 208.0 209.0 1 0.72
VAL21-2-4 17.0 17.5 0.5 0.57
VAL21-2-4 167.4 168.3 0.9 1.62
VAL21-2-4 168.3 169.3 1 1.08
VAL21-2-4 169.3 170.3 1 0.89
VAL21-2-4 170.3 171.3 0.95 0.67
VAL21-2-5 98.15 99.2 1.05 0.85
VAL21-2-5 99.75 100.85 1.1 1.19
VAL21-2-5 101.4 102.5 1.05 1.00
VAL21-2-5 102.5 103.5 1.05 1.52
VAL21-2-5 163.5 164.5 1 0.72

About Jourdan

Jourdan Resources Inc. is a junior Canadian 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 the producing Quebec lithium mine of North American Lithium.

Qualified person

The scientific and technical information contained in this document 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.

For more information:

www.jourdaninc.com

René Bharti, Chairman and CEO
Email: [email protected]
Telephone: (416) 861-5800

Warnings

The content and grades of any mineral deposit on the Company’s properties are conceptual in nature. Exploration has not been sufficient to define a mineral resource on the property and it is not certain that 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, without limitation, statements regarding the remaining assay results of the Company’s recently completed drilling program and the Company’s ability to complete any future drilling campaign. expand known deposits, establish a resource on its properties and carry out its business plan, including its ambition to become the next lithium producer in Quebec. Generally, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “expected”. , “Estimates”, “anticipates”, “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”, “could”, “could” or “will be taken”, “occur” or “be reached”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause Jourdan’s actual results, level of activity, performance or achievements to differ materially from those expressed or under – understood by such forward-looking information, including, but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of minerals; accidents, labor disputes and shortages and other risks in the mining industry. Although Jourdan has attempted to identify important factors which could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results to not be as anticipated, estimated or expected. . 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. Therefore, 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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICES PROVIDER (AS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.


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