Successfully hit on 75% of targets on recently acquired properties
Mississauga, Ontario, September 15, 2017: JOURDAN RESOURCES INC. (TSX-V : JOR, Stuttgart: 2JR1) (“Jourdan” or the “Company“) is pleased to announce the results from a 1500 metre drill program completed on the Preissac-Lacorne Lithium Portfolio, optioned from Alix Resources Inc (“Alix”) (TSX-V AIX) and one other claim that is owned by Jourdan.
The centre of the drill program is 1.5km northwest of the adjacent Quebec Lithium Mine owned and operated by North American Lithium. The adjacent mine announced commercial production of spodumene concentrate on June 2, 2017 with production targeted for the Chinese market.
A total of 1500 metres of drilling was completed in 12 drill holes, 11 holes on the Preissac-Lacorne Lithium Portfolio, and one hole (WL17-12) on claims owned 100% by Jourdan Resources. (see Map 1 for drill hole locations).
Several holes had multiple wide spread mineralized zones up to 140 metres apart within the same drill hole, indicating a wide zone of spodumene bearing pegmatite dykes exists in the area. Drilling covered a strike length of 750 metres of spodumene bearing pegmatite dykes.
Table 1: Drilling Results from 2017 Program
|Hole||From (m)||To (m)||Length (m)||Li2O%|
“These highly encouraging first pass drill results confirm widespread lithium mineralization in the Pressiac-Lacorne Lithium belt. These targets were chosen due to the fact that they were already permitted by Alix and ready to be drilled. The mineralization was present in 9 out of 12 holes and exceeded our expectations. We have now had enough time to carefully select our next targets on the claims west of the North American Lithium’s Quebec Lithium Mine as well as on our Vallee property which borders the North American Lithium’s Quebec Lithium Mine property to the east. The pegmatite dykes appear to be structurally and not stratigraphically controlled and we plan to expand on historical drilling and the success of this drill program to test from mineralization along strike 2 kilometres east and 2 kilometres west of our neighbour’s producing lithium mine” said Michael Dehn, CEO of Jourdan.
All samples have been sent to SGS Canada Inc. facilities in Lakefield, Ontario (“SGS”) for analysis by Inductively Coupled Plasma methods. These laboratories are recognized by the industry and accredited ISO/MEC 17025 by the Standards Council of Canada. In addition to the quality assurance and quality control (“QA/QC”) employed by SGS, Jourdan Resources develops a rigorous QA/QC protocol for its operators, including the insertion of analytical standard samples, duplicates and coarse silica blanks on a systematic basis. To determine the QC warning, ±2x Std. Dev., and QC failure ±3x Std. Dev. were used. QC results did not highlight any significant analytical bias.
Yves Caron, M.Sc., P.Geo., and Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this press release.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture and 2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in lithium.
Please visit the Company’s website at www.jourdanresources.com
For further information please contact:
President and CEO
Tel: (647) 477-2382
Fax: (647) 477-2389