JOURDAN RESOURCES INC. (TSX VENTURE: JOR) ("JOURDAN" or the
"Company") is pleased to announce the completion of a diamond
drilling program consisting of 4,256.1 metres in 21 holes on the
Company's wholly owned Barraute Lithium Project (the "Project"),
more specifically the Vallee Property (the "Property"), that sits
contiguous to the east and south to Canada Lithium Corporation's
Quebec Lithium Project (www.canadalithium.com).
JOURDAN identified a series of spodumene-bearing pegmatites
("Pegmatites") along the 1.8 km strike of the Property; Pegmatites
that are similar to those found on the adjacent and contiguous
Quebec Lithium Project. JOURDAN added an additional 1,256.1 metres
in the original 3,000 metres program to test strike and down dip
continuity of these Pegmatites. Drill hole statistics are as
follows with Lithium assays pending on all the drill holes:
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AZIMUTH DIP LENGTH
DDH # LOCATION (degrees) (degrees) (m)
-----------------
EASTING NORTHING
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VAL11-01 293551 5364513 004 -65 177.0
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VAL11-02 293399 5364315 002 -65 209.1
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VAL11-03 293403 5364195 003 -65 174.0
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VAL11-04 293689 5364650 359 -65 231.0
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VAL11-05 294431 5364546 350 -65 180.0
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VAL11-06 293703 5364801 360 -65 186.0
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VAL11-07 293752 5364921 360 -65 210.0
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VAL11-08 293743 5365049 360 -65 183.0
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VAL11-09 294432 5364672 360 -65 192.0
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VAL11-10 294430 5364789 352 -65 206.5
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VAL11-11 293731 5365167 355 -65 184.6
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VAL11-12 294523 5364873 350 -65 309.0
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VAL11-13 293710 5365291 360 -65 198.0
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VAL11-14 294301 5364860 020 -65 210.0
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VAL11-15 293710 5365449 360 -65 179.9
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VAL11-16 294319 5364898 020 -60 159.0
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VAL11-17 293756 5365221 020 -65 201.0
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VAL11-18 294382 5364744 045 -65 240.0
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VAL11-19 293785 5364952 020 -65 197.0
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VAL11-20 294040 5365013 035 -60 180.0
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VAL11-21 294018 5364968 035 -60 249.0
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TOTAL 4,256.1
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The Barraute Lithium Project
The Barraute Lithium Project consists of three properties,
Vallee, Lacorne and Baillarge, JOURDAN believes there is a
significant potential to host High Technology Metals ("HTM's") such
as Lithium (usually described as Lithium Oxide or Li2O), Beryllium
(Be), Tantalum (Ta) and the suite of Rare Earth Elements (or
"REE's"), Cesium (Cs), Molybdenum (Mo) and Bismuth (Bi). An
additional 2,000 metres is being planned for the Lacorne and
Baillarge and/or Vallee properties based on favourable results.
The Properties are located in the heart of the southern portion
of the Abitibi Greenstone Belt in Quebec, some 100 km northeast of
the mining towns of Rouyn-Noranda, 45 km north of Val-d'Or, 50 km
northeast of Malartic home to Osisko Mining's Canadian-Malartic
Deposit, 30 km southeast of Amos. Each of the Properties already
hosts significant lithium mineralization as well as other HTM's
along the northern and central borders of the Preissac-Lacorne
Batholith (the "Batholith").
The High Technology Metals from the Barraute Lithium Project
A total of 32 showings, described by the Ministere des
ressources naturelles et de la faune Quebec (ET-91-09; Boily, 1992)
as HTM's are located within a 50 km radius in the Batholith that
also hosts the Properties. These include the past producing mines
of:
-- Quebec Lithium (operated as an underground mine and produced 907,200
tonnes grading 1.40 % Li2O from 1955 to 1965; Canadian Mines Handbook
1983-1984) - currently being explored and developed by Canada Lithium
Corporation and is contiguous to the west with JOURDAN's Vallee
Property.
-- Preissac Moly (operated as an underground mine and produced 2,235,880
tonnes grading 0.19% Mo and 0.03% Bi from 1943 to 1944 and 1962 to 1971;
MRNFQ Report DPV 619.
-- Cadillac Moly (operated as an underground mine and produced 1,761,000
tonnes grading 0.83% Mo, 0.04% Bi and 0.45 g/t Ag from 1965 to 1970;
MRNFQ Report DV-85-08).
-- Lacorne Moly (operated as an underground mine and produced 3,828,844
tonnes grading 0.33% Mo and 0.04% Bi from 1954 to 1972; MRNFQ Report GM
28882) - currently being explored by Romios Gold Resources and is
located 3 km due south of the JOURDAN's Baillarge Lithium Property.
The HTM's are found in spodumene-rich pegmatites. Spodumene (a
lithium aluminum silicate) hosts the bulk of the lithium,
accompanied by lepidolite (a potassium lithium aluminum silicate).
The main indicator minerals for spodumene and lepidolite are white
feldspar, silvery muscovite and beryl (a beryllium aluminum
silicate). The presence of lepidolite is an excellent indicator of
higher than normal grades of HTM's, niobium (Nb) and fluorine
(F).
Latulippe and Ingham (MRNFQ Report S-023, 1956) studied the
lithium occurrences in the Preissac-Lacorne Batholith (the
"Batholith") in the immediate vicinity of the three Properties.
They concluded at the time there were several thousands of
pegmatites in the area, ranging in widths from 30 cm to 50 m in
length; one was identified for 2,500 m in length with many over 300
m in length. Several are semi-circular and pod shaped lenses, but
generally they tend to be straight.
The pegmatites are emplaced in fractures and faults within the
Batholith and the surrounding volcanic within a 1 km to 2 km band
north of the Batholith. The contact between the Batholith and the
volcanics plunge northwards at -40 degrees, with structural
movements showing a south side moving up and to the west. The
spodumene-rich pegmatites tend to occur along the northern boundary
of the Batholith and the east-southeast trending Manneville Fault,
part of the Porcupine-Destor Deformation Zone (the "PDDF"). The
PDDZ is the host of the major gold deposits of the 75+ million
ounce Timmins-Matheson Gold district located further to the west in
Ontario. All of the spodumene-rich pegmatites are parallel to the
Manneville Fault which dips north at 40 degrees to 70 degrees. This
part of the Batholith and volcanics has the highest incidence of
spodumene-rich pegmatites, fractures, brecciation and ductile
deformation.
Lithium mineralization on the Barraute Lithium Project
The Vallee Lithium Property consists of 17 claims (703.8
hectares or 7.0 km2) in Lacorne and Fiedmont Townships (covering
Ranges VII to IX, Lots 56 to 62 in Lacorne and Ranges VII to IX,
Lots 1 and 3 in Fiedmont). The Lithium mineralization was
discovered in 1956 and was termed Valley Lithium Showing (MRNFQ
Showing 32C/05-0022), located along the Range line between Ranges
VIII and IX. The spodumene-rich pegmatites intersect the Batholith.
Historic drilling intersected up to return 2.97% Li2O over 4.88 m
(DDH#12, as reported in MRNFQ MB 89-29). The Canada Lithium
Corporation's Quebec Lithium Project is situated in Lacorne
Township, Range IX, Lots 49 to 61, and sits contiguous to the claim
block.
The Baillarge Lithium Property consists of 12 claims (511.5
hectares or 5.1 km2) in Lacorne Township (covering Ranges II and
III, Lots 5 to 11). The claim block hosts the Lac Baillarge East
Lithium Showing uncovered in 1955 (MRNFQ Showing 32C/05-0035)
located south of Baillarge Lake. Three separate mineralized
pegmatites were historically identified, all crosscutting the
Batholith and adjacent sediments. The pegmatites contain spodumene,
beryl, molybdenite (a silvery molybdenum sulphide),
columbite-tantalite (a niobium-tantalum iron-manganese oxide),
cleavelandite (a sodium-calcium aluminum silicate) and holmquistite
(a lithium magnesium aluminum silicate). Historic drilling
intersected up to 2.48% Li2O over 2.30 m (as reported in MRNFQ MB
89-29).
Romios Gold Resources (www.romiosgold.com) recently explored the
former claims of Lacorne Molybdenum Mine, contiguous to the
south-southwest of JOURDAN's Baillarge Lithium Property. The
Lacorne Molybdenum Mine was operated intermittently by Molybdia
Corporation Limited from 1951 to 1972 as an underground mine. The
historical probable reserves calculated in 1974 were 1,310,000
tonnes grading 0.23 % MoS2 and 0.04 % Bi. The historical probable
reserves are historical and deemed non-compliant to National
Instrument ("NI") 43-101 and should not be relied upon. No
qualified person has done sufficient work to classify the
historical mineral reserves as current mineral resources and/or
mineral reserves. The mineralization occurs in a swarm of
quartz-pegmatite veins hosted by a large sill or stock of biotite
granite. In the upper levels of the mine it is 426 metres wide,
narrowing to about 350 metres at the -228 metres underground level
(750 feet). Biotite schists bound the sill or stock to the north
and south and also host sets of veins carrying molybdenum and
bismuth. Drilling completed in 2008 intersected 145.6 m grading
0.070% MoS2, 0.0055% Bi, 0.398 g/t Silver and 0.031% Lithium
(RQ-08-08) and 168.30 m grading 0.079% MoS2, 0.0064% Bi, 0.120 g/t
Silver and 0.012% Lithium (RQ-08-15).
The Lacorne Lithium Property consists of 5 claims (245.1
hectares or 2.5 km2) in Lamotte Township (covering Ranges X, Lots
59 to 63). At least 8 spodumene-rich pegmatites were uncovered in
three closely-spaced sectors, termed the Lacorne Lithium Showing
(MRNFQ Showing 32D/08-0028). In the central sector the pale green
disseminated, 0.5 to 30 cm long spodumene crystals are associated
with metric wide grey quartz stockworks that run parallel to the
pegmatites. The spodumene represents up to 40% of the vein
material. The pegmatites also contain garnet (a
magnesium-iron-manganese-calcium aluminum silicate), beryl, native
bismuth and chalcopyrite (a copper sulphide).
Grades in historic drill holes by Lacorne Lithium Mines yielded
up to 0.83% Li2O over 4.0 m (DDH-L3 of the southern sector);
whereas continuous channel samples gave 0.90% Li2O over 2.7 m
(sample of the northern sector); 1.19% Li2O over 9.0 m (northern
sector channel sample); 1.29% Li2O over 13.5 m (southern sector
channel sample) in a series of outcrops over a 160 m length. Some
20 drill holes and a few trenches were completed in the southeast
sector. The average lithium grade of the pegmatite dykes is 0.38%
Li2O for 6.0% spodumene content. Some 16 drill holes were completed
in the southwest sector. The average grade is between 0.25% and
0.50% Li2O (MRNFQ GM 03924-A, GM03924-B).
About Jourdan Resources Inc.
Jourdan Resources Inc. is a Canadian junior mining exploration
company trading under the symbol JOR on the TSX Venture Exchange.
The Company is focused on the acquisition, exploration, production,
development and if, as the case may be, the operation of mining
properties in strategic Uranium and Rare Metals or High Technology
Metals ("HTM's") sectors of eastern Canada. The Company's
properties are currently at the exploration stage along the Lower
North Shore, the Mauricie and the James Bay regions of Quebec.
JOURDAN is fully funded for the 2011 exploration campaign following
the Company's recent financing.
The technical information in this news release was prepared,
revised and approved by Mr. Jean Lafleur, M. Sc., P. Geo.,
JOURDAN's mineral exploration consultant and Qualified Person under
National Instrument 43-101.
Please visit the Company's website at www.jourdan.ca.
Statements in this release that are not historic facts are
"forward-looking statements" and readers are cautioned that any
such statements are not guarantees of future performance, and that
actual developments or results, may vary materially from those in
these "forward-looking statements.
Neither the 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.
Contacts: Jourdan Resources Inc. Emilien Seguin President and
CEO, Director (450) 670-5224 (514) 787-1457 (FAX) Jourdan Resources
Inc. Guy Girard VP Finance, Director (514) 798-1290 (514) 787-1457
(FAX) info@jourdan.ca www.jourdan.ca
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