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By May 21, 2019February 23rd, 2021No Comments

May 21, 2019, Toronto, Ontario: Jourdan Resources Inc. (TSXV: JOR)  “Jourdan” or the “Company”) is pleased to announce that it has staked 550 hectares resulting in the acquisition of a  22-claim property contiguous to the south of its Baillarge Property. The new claims are located  adjacent to paved highway 111 and are approximately 30 kms from the town of Val d’Or, Quebec and they surround the site of the former producing La Corne molybdenum mine. The La Corne mine was operated intermittently by Molybdia Corporation Limited from 1951 to 1972 as an underground mine. Total production during this period was 3,838,844 tons of raw material  at a head grade of 0.33% MoS2 (6.6 lbs/ton) and 0.040% bismuth (0.80 lbs/ton) (Source MRNFQ Report DPV 619).

Dr. Andreas Rompel Appointed to Board of Directors

The Company is also pleased to announce the appointment of Dr. Andreas Rompel to the board of directors, effective immediately.

Dr. Rompel is a seasoned exploration professional with three decades of exploration experience in a wide  range of roles from VP Exploration and Project Manager to Country Manager and Corporate Development. Most recently, Dr. Rompel was the President & CEO of Cobalt Power Group. Dr. Rompel has also worked in a variety of commodities, including precious metals and base metals as well as coking coal and cobalt. For more than a decade Dr. Rompel evaluated capital projects within Anglo American and was on the board of Spectrem (an Anglo-American Company) as Technical Director. He has worked in many countries on several continents and has well developed multi-linguistic skills.

Aurbel Processing Plant Memorandum of Understanding

In  addition, the Company announced that it has signed a non-binding memorandum ofunderstanding (“MOU”) with  QMX  Gold Corporation (“QMX) that is expected to facilitate Jourdan’s investigation into the economic and technical viability of producing lithium from its 100% owed Vallee Lithium project located near and adjacent to the producing North American Lithium mine and  mill  (the  “Property”).  Upon completion of a technical assessment and satisfactory due  diligence, Jourdan and QMX intend to enter into a definitive agreement to process raw materials from the Property at QMX’s Aurbel processing plant (the “Plant”), located in Val d’Or, Quebec.

Pursuant to the MOU, if, as a result of the technical assessment, Jourdan concludes that the Plant requires capital improvements to effectively process its future raw materials, Jourdan expects to bear  any such corresponding costs. If QMX is satisfied with its due diligence of Jourdan, Jourdan expects QMX to install, at its own expense, a suitable truck weighing scale at or near the Plant.

Jourdan’s President and CEO, Dr. Andreas Rompel, commented “We are excited about the memorandum of understanding as we view it as one step towards enabling us to process our future raw materials. The Aurbel plant is within 30km of our Property and we believe it is particularly  well-equipped for our purposes; any required modifications will be of a relatively minor nature. Hence, we believe this represents a positive development towards our objectives”.

Additional Information

On July 17, 2018, Jourdan announced that it had extracted 50 tonnes of spodumene-rich material from the Property. This material was subsequently crushed to minus ¾ inch and stored in 1 tonne sacks.

40 tonnes of the bulk sample are at the Process Research Ortech (“PRO”) in Mississauga, Ontario, where it will be upgraded by flotation to make a concentrate. Previous work by PRO on drill core samples from the Property returned a concentrate of more than 5% Li2O (previously announced on November 6, 2014).

Photos and videos of the blast area and crushing are in the Gallery on the Company’s website. Previously reported (October 2, 2017) lithium drill results from the Valle Lithium Project include:

  •  from the 1955 drilling program: 4.88m @ 1.38% Li2O in hole VS-12, 4.06m @ 0.93% Li2O in hole VS-12, 3.97m @ 1.30% Li2O in hole VS-10, 2.59m @ 0.75% Li2O in hole VS-6 and 1.68m @ 0.67% Li2O in hole VS-7.\
  • from the 1952-53 drilling program: 3.17m @ 50% Spodumene in hole SB-33, 2.99m @ 15% Spodumene as well as Lepidolite in hole SB-50, and 2.81m @ 20% Spodumene in hole SB-52.
  • from the 2011 drilling: 6.95m @ 0.88% Li2O and 5.50m @ 1.19% Li2O in holes VAL11-20, 5.00m @ 0.85% Li2O in hole VAL11-11, 5.80m @ 1.08% Li2O and 5.42m @ 0.81% Li2O and 4.63m @ 1.03% Li2O in hole VAL11-17, 6.33m @ 0.86% Li2O in hole VAL11-13, 6.84m @ 0.64% Li2O in hole VAL11-07.

Qualified Person

The technical and scientific information in this press release has been reviewed and approved by  Mélanie Pichon, P.Geo., who is a Qualified Person as defined by National Instrument 43-101.

About Jourdan Resources:

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange and 2JR1 on the Frankfurt 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. This mine  is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.

Please visit the Company’s website at http://jourdanresources.com. For further information please contact:

Dr. Andreas Rompel

President and CEO FSAIMM / Pr.Sci.Nat.

Tel (416) 861-2272

andy.rompel@jourdanresources.com

 

Michael Dehn

VP Exploration

Tel: (647) 477-2382

michael@jourdanresources.com

 

 

 

FORWARD LOOKING STATEMENTS:

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 regarding the projected economics of its projects, the Company’s understanding of its projects, success of exploration activities, statements with respect to the development potential and timetable of  its  projects  and  Jourdan,  and  estimation  of  mineral  resources.  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 prices of 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 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.

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