TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (“Jourdan” or the “Company“) is pleased to announce that the first drillhole of its fall campaign has commenced starting with hole No. VAL 21-2-3 approximately 110m east southeast from the bulk sample taken in 2018 and 100m east of the fence line drilled in 2011 (Fig. 1).
Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0fa4fc36-5fe4-4435-9f6a-cb76f9974313
The 2000m diamond drilling program is intended to follow up on the results of a bulk sample collected in 2018 and the fence line drilled in 2011 along the western side of the Company’s Vallee property, which borders with the North American Lithium mine. This new drilling campaign aims at completing two more fence lines across the lithium-bearing pegmatite swarm, which has been mined in the immediate vicinity to the west. 10 holes of approximately 200m depth each are scheduled to be drilled aiming at the pegmatites 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 grade (see press release of the Company dated April 29 2021), which have encouraged the Company to continue exploration and drill along the strike and depth extent on its Vallée property.
Rene Bharti, CEO of Jourdan (Fig. 2), stated, “We believe this drill program will allow the Company to move forward with its goal to become Quebec’s next near-term lithium producer. Jourdan possess a large land package, and we hope that this drill program will be the beginning of a much larger campaign on our property overall. Furthermore, we are optimistic that the program will help us build a resource for the Company in the future.”
Jourdan’s Executive Chairman, Dr. Andreas Rompel, stated, “We are excited to commence a new phase of exploration on our Vallée property and explore and develop the extent of the lithium mineralisation along the pegmatite swarm. After having received the positive results from the bulk sample, we feel highly encouraged to better define the strike length of the spodumene-bearing pegmatites.”
Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/25bcb18f-1c48-48e2-8f65-37100bfa1e83
The 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.
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 President
Phone: (416) 861-5800
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 ability to complete a 2000m drilling campaign at its Vallée property, any future drilling campaigns, any resources at the Vallée property and the Company’s ability to execute its business plan, including its ambition to become Quebec’s next near-term lithium producer. 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; 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.