Jourdan Provides Drilling Program Update
May 17 2022 - 5:00AM
JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORFF,
FRA:2JR1) (“
Jourdan” or the
“
Company“) is pleased to announce that all of its
sixteen (16) drill holes of its 2022 winter drilling campaign have
intersected the new spodumene-bearing pegmatite swarm on its Vallée
property at a previously underexplored eastern extension, which had
not been exposed by the North American Lithium mine to the west of
Vallée (see Fig. 1).
Following the press release dated March 24,
2022, Jourdan has again expanded its 2022 winter drilling campaign
by adding 2 new drillholes (VAL22-5-4 and VAL22-5-5) to the already
permitted line of eight drillholes of 200m each, extending the
lines 3, 4 and 5 to the north, south, and east (see Fig. 1).
Following its drilling successes Jourdan has
added a second drill and two extra holes to expand the
spodumene-bearing pegmatite deposit size to the east to help the
Company establish an initial resource estimate.
Figure 1 is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c79855a-3b88-42ff-a3ac-4ab51711f88b
Drillhole |
Description* |
VAL22-3-7 |
2 interceptions of 1 to 3m spodumene bearing pegmatite
dyke. |
VAL22-4-7 |
2 interceptions of 1 to 2m spodumene bearing pegmatite
dyke. |
* Drill core width only, does not represent true
width.
Rene Bharti, CEO of Jourdan, stated, “We are
very excited that the drill program continues to find new
spodumene-bearing intersections in new zones. The success of the
drill program, coupled with the work underway to build our initial
resource estimate in the coming months, is anticipated to bring us
one step closer to achieving our goal of becoming Quebec’s next
lithium producer.”
Jourdan is significantly enlarging 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
planned 3,600m round of drilling in 2022, Jourdan is on track to
having more than 9,400m (47 holes) of core that the Company intends
to use in the future to establish an initial mineral resource
estimate.
Figure 2 is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/03c83031-7c71-4068-bef5-794709633065
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 winter 2022
drill program, including its scope and the Company’s expectation
that it will continue to extend the known deposit at its Vallée
property, future drill programs of the Company, and the ability of
the Company to establish an initialmineral resource estimate at its
properties, begin production, 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 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.
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