Jourdan Resources

Jourdan Announces Drilling Program Continues to Intersect the New Eastern Extension of Li Pegmatites

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF) (" Jourdan " or the " Company ") is pleased to announce that all of its twelve (12) 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). For more information on Jourdan's drill program, please see the Company's press release dated March 7, 2022, which is available under the Company's SEDAR profile at www.sedar.com.

As set out in a press release dated March 24, 2022, Jourdan has expanded its 2022 winter drilling campaign by adding another already permitted line of eight drillholes of 200m each for a total of an additional 1,600m to the 1,608m already completed in 2022, extending the lines 3, 4 and 5 to the north, south, and east (see Fig. 1).

A graphic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0af45eb4-f5a5-4179-b9f2-6613027d65fd

Drillhole Description*
VAL22-4-2 11 interceptions of 1 to 6m spodumene bearing pegmatite dyke.
VAL22-4-1 4 interceptions of 1 to 6m spodumene bearing pegmatite dyke.
VAL22-5-3 5 interceptions of 1 to 5m spodumene bearing pegmatite dyke.
VAL22-5-2 5 interceptions of 1 to 4m spodumene bearing pegmatite dyke.

* drill core width only, does not represent true width.

The Company's 3,200m 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 and 2021 along the western side of the Company's Vallée property, which borders the North American Lithium mine. This drilling campaign is roughly laid out on a 100m x 100m grid and aims at completing the northern extension of the drilled fence line previously started during Q3 2021. The drilling program is anticipated to substantially extend the known deposit at the Company's Vallée property eastwards. Since February 2022, 12 holes of approximately 200m depth have been drilled, with four holes remaining, each aimed at the pegmatite 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 Li 2 O grades (for more information, please see the Company's press release dated April 29, 2021, which is available under the Company's SEDAR profile at www.sedar.com), which have encouraged the Company to continue exploration and exploratory drilling along the strike and depth extents of its Vallée property.

Jourdan's Executive Chairman, Dr. Andreas Rompel, stated, "We are very pleased that these new intersections confirm the eastern extension of the pegmatite swarm. It encourages us to continue our drilling program eastwards and thereby hopefully enlarge the known deposit size. We are keenly looking forward to receiving our first preliminary mineral resource estimate, for which we engaged Red Pennant Communications Corp. last month."

Qualified Person
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 .

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 President
Email: info@jourdaninc.com
Phone: (416) 861-5800
www.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 a preliminary mineral resource estimate at its properties 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.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

JOR:CA
The Conversation (0)
Jourdan Starts Soil Sampling Program at Preissac-La Corne and Baillargé Projects; Jourdan Expects to Announce Initial Mineral Resource Estimate on Vallée in Near Future

Jourdan Starts Soil Sampling Program at Preissac-La Corne and Baillargé Projects; Jourdan Expects to Announce Initial Mineral Resource Estimate on Vallée in Near Future

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORF, FRA:2JR1) (" Jourdan " or the " Company ") is pleased to announce that it has commenced a soil sampling program on the majority of its claims located in the long-established lithium mining district of Preissac-La Corne, which is approximately 35km north of Val-d'Or in Quebec, Canada.

The sampling program is being conducted on a 400m x 200m regional grid and represents a pre-cursor to a potential future drilling program. A field crew consisting of geological and exploration technicians has been mobilized to the area and has begun collecting soil samples. Soil samples are being collected using two-person teams equipped with picks and shovels. Samples are being collected from the b-horizon at a depth ranging from 10 cm to 90 cm. Approximately 1,000 sites are scheduled to be sampled. To date, the soil sampling technique, utilizing both in-situ and pXRF analysis directly in the field, is working very efficiently to test these large areas rigorously, rapidly and cost-effectively. Samples are being analyzed on a daily and weekly basis for rubidium (Rb) and tantalum (Ta) by the latest model X-505 portable XRF gun from SciAps. Samples are then sent to Impact Global Solutions (IGS) lab in Delson, Quebec for pathfinder element analysis.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Jourdan Upsizes Private Placement Financing

Jourdan Upsizes Private Placement Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORF, FRA:2JR1) (" Jourdan " or the " Company ") is pleased to announce that as a result of increased investor demand the Company is increasing its previously announced private placement financing (the " Initial Offering ") of common shares issued on a flow-through basis (the " Flow-Through Shares ") from up to 10,000,000 Flow-Through Shares to up to 14,000,000 Flow-Through Shares at a price of $0.10 per Flow-Through Share, for aggregate gross proceeds from the issuance of both units and Flow-Through Shares of up to $2.4 million (the " Upsized Offering "). For more information about the Initial Offering and details of the units to be issued thereunder, please see the Company's press release dated June 29, 2022, which is available under the Company's SEDAR profile at www.sedar.com.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Jourdan Announces More Elevated Li2O Grades from its Drill Campaign

Jourdan Announces More Elevated Li2O Grades from its Drill Campaign

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORF, FRA:2JR1) (" Jourdan " or the " Company ") is pleased to publish the next partial assay results of its winter 2022 drilling campaign on its flagship Vallée project, which is located ~35km north of Val-d'Or in Quebec, Canada. The results are from three holes and show multiple lithium grading zones.

Highlights*:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Jourdan Announces First of Eighteen Drillhole Assay Results with Li2O Grades

Jourdan Announces First of Eighteen Drillhole Assay Results with Li2O Grades

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORF, FRA: 2JR1) (" Jourdan " or the " Company ") is pleased to publish the first assay results of its winter 2022 drilling campaign on its flagship Vallée project, which is located north of Val-d'Or in Quebec, Canada. The results are from the first hole VAL22-2-6 and shows multiple lithium grading zones.

Highlights*:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Jourdan Completes Phase 2 of its 2022 Drilling Program

Jourdan Completes Phase 2 of its 2022 Drilling Program

All eighteen holes of its 2022 winter drilling campaign have intersected the new spodumene-bearing pegmatite swarm.

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORF, FRA:2JR1) (" Jourdan " or the " Company ") is pleased to announce that all of its eighteen (18) 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).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
  Loyal Lithium Limited

Strategic Consolidation of Hidden Lake and Board Changes

Loyal Lithium Limited (ASX:LLI) (Loyal Lithium, LLI, or the Company) is pleased to announce the execution of a definitive agreement for the consolidation of the Hidden Lake Lithium Project, with Patriot Battery Metals (ASX:PMT) becoming a substantial LLI shareholder. Mr. Blair Way, Non- Executive Director and former President & CEO of Patriot Battery Metals, will join the Loyal Lithium Board of Directors, bringing valuable regional and industry expertise to guide the company's growth initiatives. The consolidation of the Hidden Lake Lithium Project provides Loyal Lithium with greater flexibility and optionality to deploy innovative exploration and development solutions.

Keep reading...Show less
Drilling Commences at the Barra Lithium Project in Brazil

Drilling Commences at the Barra Lithium Project in Brazil

Summit Minerals Limited (ASX:SUM) (“Summit” or the “Company”) is pleased to announce that Summit’s maiden drilling program has commenced at the recently acquired 100% owned Barra Lithium Project (“Barra”).

The Barra Lithium Project consists of four recently acquired tenements that are located within close proximity to the existing operating Miranda Lithium mine that is within the Borborema Pegmatitic Province (“BPP”) in northeast Brazil.

Keep reading...Show less
Lithium Universe

Lithium Universe


Keep reading...Show less
CleanTech Lithium (AIM:CTL)

Issue of Equity and TVR


Keep reading...Show less

Latest Press Releases

Related News

×