JIULIAN RESOURCES INC. (TSX-V: JLR) (“Jiulian” or the “Company”) is pleased to report the results from a high resolution Volterra 3D array IP survey which was recently completed on the Company’s Big Kidd Project (“Big Kidd” or the “Project”), located near Merritt, British Columbia.
JIULIAN RESOURCES INC. (TSX-V: JLR) (“Jiulian” or the “Company”) is pleased to report the results from a high resolution Volterra 3D array IP survey which was recently completed on the Company’s Big Kidd Project (“Big Kidd” or the “Project”), located near Merritt, British Columbia. The survey was completed by SJ Geophysics Ltd., based out of Delta, BC. The IP survey successfully delineated a chargeability anomaly at surface, which is strongly coincident with the copper-gold mineralization intersected by historic1 drilling on the Big Kidd (“BK”) Breccia Zone. More significant is a much larger and extremely strong (up to 136ms) chargeability anomaly located down dip of the historic1 drilling. This new anomaly, termed the “Big Brother Zone”, measures approximately 1 kilometer in length by 500 meters in width and remains open below the 600 meter depth of the survey. The Big Brother Zone now increases the size of the Company’s drill target area to 1.35 km in length by 700 meters in width.
Figures accompanying this news release, including a plan map showing the location of the IP lines relative to the BK Breccia Zone (Fig. 1), cross-section line 5300N through the northern margin of the BK Breccia Zone (Fig. 2), and a 3D flyby of the historic1 drilling and the new 2019 IP chargeability results can be found on the company’s website at www.jiulianresources.com
Construction of core logging and cutting infrastructure at a warehouse facility in West Kelowna, BC, is quickly progressing and is anticipated to be completed shortly. The company is scheduled to commence their phase I, 4000m diamond drilling program on February 2nd, 2019.
The Company is pleased to announce it has retained Ridgeline Exploration Services Inc. (“Ridgeline”) to manage the 2019 Big Kidd drill program. Ridgeline was instrumental in the 2018 discovery of the Williams Zone copper-gold porphyry for Golden Ridge Resources Ltd.) this past summer in British Columbia’s Golden Triangle District, which included hole HNK-18-013 that intersected 319 metres of 0.42 g/t Au, 0.34% Cu and 2.20 g/t Ag. Core will be logged and processed at a warehouse facility in West Kelowna, which is approximately 90 kilometers by highway from the Project.
Independent Director of Jiulian, Scott Dorion, P.Geo., is the designated Qualified Person of the Company as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this release.
Jiulian is an exploration company engaged in acquiring and advancing mineral properties located in southern British Columbia. The Company’s flagship asset is the wholly-owned, 4,056-hectare Big Kidd property, located near Aspen Grove, BC. Jiulian Resources is based in Kelowna, British Columbia, and is listed on the TSX-V under the symbol “JLR”.
ON BEHALF OF THE BOARD OF DIRECTORS OF
JIULIAN RESOURCES INC.
“X. Charlie Cheng”
X. Charlie Cheng
Chief Executive Officer
For more information regarding this news release, please contact:
Oliver Friesen, Director
Cautionary Note – 1
Historical information contained in this news release, maps or figures regarding the Company’s project or adjacent properties are reported for historical reference only and cannot be relied upon as a Company’s QP, as defined under NI-43-101 has not prepared nor verified the historical information
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including: that the Company’s financial condition and development plans do not change as a result of unforeseen events, that the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship with the local project communities. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company’s Management’s Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
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.