Resource News

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF) (" Jourdan " or the " Company ") is pleased to publish the final assay results of its SeptemberOctober 2021 drilling campaign on its flagship Vallée project, which is located 35km north of Val-d'Or in Quebec, Canada. The results are from the last three drill holes and show multiple distinct zones of pegmatite intersections.

Highlights of Line 3*:

Drill hole From
(m)
To (m) Length
(m)
Li 2 O
(%)
VAL21-3-2 41.85 42.75 0.9 1.58
VAL21-3-2 42.75 43.7 0.95 1.31
VAL21-3-2 43.7 44.6 0.9 0.97
VAL21-3-3 31 31.9 0.9 0.92
VAL21-3-3 162.4 163.4 1 1.44
VAL21-3-4 71.2 72.05 0.85 1.06
VAL21-3-4 72.05 72.85 0.8 1.14
VAL21-3-4 100.7 101.8 1.1 1.63
VAL21-3-4 101.8 102.85 1.05 0.91
VAL21-3-4 102.85 103.95 1.1 1.32
VAL21-3-4 129.8 130.85 1.05 1.08
VAL21-3-4 177 191 14 0.67

*drill core width only, does not represent true width

Photos accompanying this announcement are available at :

Figure 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/4070c391-eaaa-4033-81e1-95f564607417

Figure 2: https://www.globenewswire.com/NewsRoom/AttachmentNg/f94e33d9-35ab-4d81-ac60-5e875ef10989

Figure 3: https://www.globenewswire.com/NewsRoom/AttachmentNg/222cec39-daa4-48e6-97ac-b7ca51ce3cc9

As mentioned in a press release dated October 15, 2021, the Company has completed its previously announced diamond drilling program, with 1,682 meters of drilling completed in October 2021. The Company has now received 100% of the assay results from the program in which every hole showed multiple intersections of spodumene-bearing pegmatites.

The drill program was completed by Les Forages Géo-Nord of Dolbeau-Mistassini, Quebec, under the supervision of Alexandr Beloborodov Géologue Inc. (ABG Exploration) of Laval, Quebec.

The pegmatite dykes appear to become more abundant and wide further northwards and it is Jourdan's intention to expand on historical drillholes during the next campaign. In the meantime, Jourdan is actively applying for permits for the next drill campaign expected to commence in the 1 st quarter of 2022. This campaign aims at enlarging the strike extent of the multiple spodumene-bearing pegmatites on the flagship Vallée project.

Jourdan's Chief Executive Officer, Rene Bharti, commented, "We are once again encouraged by the positive drill results we are receiving from the lab. The goal at Jourdan has been, and will continue to be, to keep actively drilling across all zones of our properties, and to define a resource for the Company. With lithium prices at all-time highs, Jourdan intends to continue working towards its ambition of becoming Quebec's next lithium producer."

"We are very encouraged by the achieved results in grade but also the abundance of individual spodumene-bearing pegmatites," said Dr. Andy Rompel, Executive Chairman of Jourdan, "and we are looking forward to enlarging the strike extent and therefore the anticipated deposit size during the next drilling campaign on our Vallée property northwards and eastwards."

All samples have been sent to Impact Global Solutions Inc. Laboratory in Delson, Québec (" IGS ") for analysis by sodium peroxide fusion and ICP finish. This laboratory is 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 IGS, Jourdan developed a rigorous QA/QC protocol for its operators, including the insertion of analytical standard samples, duplicates and coarse silica blanks on a systematic basis.

Further significant results

Drill hole From (m) To (m) Length (m) Li 2 O (%)
VAL21-3-2 41.85 42.75 0.9 1.58
VAL21-3-2 42.75 43.7 0.95 1.31
VAL21-3-2 43.7 44.6 0.9 0.97
VAL21-3-2 94.7 95.7 1 0.51
VAL21-3-2 95.7 96.7 1 0.66
VAL21-3-2 96.7 97.7 1 0.56
VAL21-3-3 30.25 31 0.75 0.55
VAL21-3-3 31 31.9 0.9 0.92
VAL21-3-3 33.6 34.6 1 0.67
VAL21-3-3 162.4 163.4 1 1.44
VAL21-3-4 58 58.5 0.5 0.80
VAL21-3-4 69.5 70.35 0.85 0.49
VAL21-3-4 70.35 71.2 0.85 0.77
VAL21-3-4 71.2 72.05 0.85 1.06
VAL21-3-4 72.05 72.85 0.8 1.14
VAL21-3-4 72.85 73.65 0.8 0.52
VAL21-3-4 77 77.85 0.85 0.62
VAL21-3-4 80 80.85 0.85 0.88
VAL21-3-4 100.7 101.8 1.1 1.63
VAL21-3-4 101.8 102.85 1.05 0.91
VAL21-3-4 102.85 103.95 1.1 1.32
VAL21-3-4 103.95 105.05 1.1 0.65
VAL21-3-4 120.85 121.9 1.05 0.88
VAL21-3-4 128.8 129.8 1 0.77
VAL21-3-4 129.8 130.85 1.05 1.08
VAL21-3-4 144.7 145.75 1.05 0.56
VAL21-3-4 172.35 173.3 0.95 0.55
VAL21-3-4 177 191 14 0.67

CFO Retirement

The Company is also pleased to announce that Mr. Ryan Ptolemy has been appointed as the chief financial officer of Jourdan.

Mr. Ptolemy is a CPA, CGA and CFA charter holder who also attained a Bachelor of Arts from Western University. Mr. Ptolemy serves as chief financial officer to many public and private companies in the resource sector, particularly development-stage companies. Mr. Ptolemy formerly served as chief financial officer for an independent investment dealer in Toronto where he was responsible for financial reporting, budgeting and the company's internal controls.

The appointment of Mr. Ptolemy follows Ms. Deborah Battiston's retirement from her role as the chief financial officer of the Company. The board and management of the Company express their gratitude to Ms. Battiston for her efforts and extensive contributions and wish her well in her retirement and future endeavours.

About Jourdan

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.

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 .

For more information:

www.jourdaninc.com
Rene Bharti, Chief Executive Officer
Email: info@jourdaninc.com
Phone: (416) 861-5800

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 ability to complete any future drilling campaigns to expand known deposits, to establish a resource at its properties, and to execute its business plan, including its ambition to become Quebec's next 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 prices of minerals; 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

Jourdan Resources

Overview

For electric vehicle battery and power production, market researchers predict global lithium demand to more than double, from 47,300 tonnes in 2020 to 117,400 tonnes in 2024. As the West searches for more mineralization to supply the growing demand, companies mining for minerals like lithium and copper can expect to play an integral part in minimizing environmental impact, transportation costs and carving a place in the future of green energy.

Echoing this growing demand, Canada revealed its critical minerals list in March 2021, which included lithium among the 31 minerals deemed vital to the Canadian economy. The critical status of lithium coupled with growing demand strategically positions Jourdan Resources (TSXV:JOR) as a company moving towards focus areas in future Canadian mining policy and investments.

Keep reading... Show less
Jourdan Resources

Jourdan Provides Drilling Program Update

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF, FRA:2JR1) (" Jourdan " or the " Company ") is pleased to announce that all of its sixteen (16) 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).

Following the press release dated March 24, 2022, Jourdan has again expanded its 2022 winter drilling campaign by adding 2 new drillholes (VAL22-5-4 and VAL22-5-5) to the already permitted line of eight drillholes of 200m each, extending the lines 3, 4 and 5 to the north, south, and east (see Fig. 1).

Keep reading... Show less
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).

Keep reading... Show less
Jourdan Engages Stanford & Turner for Assistance with Marketing Campaign

Jourdan Engages Stanford & Turner for Assistance with Marketing Campaign

Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF) (" Jourdan " or the " Company ") announces today that it has entered into a marketing services agreement with Stanford & Turner Marketing Group (" Stanford "). Stanford is a digital media marketing company that provides a combination of content development, web development, media buying and distribution, and reporting and optimization to Jourdan. Pursuant to the agreement, Stanford will assist Jourdan in enhancing its visibility with potential investors through a digital marketing campaign for a total cost of US$75,000 over a three-month period commencing May 9, 2022, and US$25,000 per month on a month-to-month basis thereafter. Stanford is an arm's length party from the Company and principally operates out of Los Angeles, California. As of the date of this press release, neither Stanford nor any of its directors and officers own any interest, directly or indirectly, in the securities of the Company. The appointment of Stanford is subject to approval by the TSX Venture Exchange.

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.

Keep reading... Show less
Jourdan Announces Stock Option Grant

Jourdan Announces Stock Option Grant

Jourdan Resources Inc. (TSXV: JOR | OTCQB: JORFF | FRA: 2JR1) (" Jourdan ", " Jourdan Resources " or the " Company ") today announced that it has granted 4,100,000 stock options to certain directors, officers and consultants of the Company pursuant to the Company's stock option plan. The stock options vest immediately and may be exercised at a price of $0.05 per option for a period of five years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange.

About Jourdan Resources Inc.

Keep reading... Show less
Jourdan Resources Announces the Appointment of Red Pennant to Estimate an Initial Mineral Resource at its Vallee Project

Jourdan Resources Announces the Appointment of Red Pennant to Estimate an Initial Mineral Resource at its Vallee Project

Jourdan Resources Inc. (TSXV: JOR | OTCQB: JORFF | FRA: 2JR1) (" Jourdan ", " Jourdan Resources " or the " Company ") is pleased to announce the appointment of Red Pennant Communications Corp. (" Red Pennant "), including the experienced Michael F. O'Brien, M.Sc., P.Geo. Mr. O'Brien has been contracted through Red Pennant to estimate an initial mineral resource on Jourdan's flagship Vallee project and to deliver a technical report to the Company prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (" NI 43-101 "). The data for the report is expected to be derived from historical and recent diamond drilling and sampling, including the Company's 2018 bulk sampling effort and the currently ongoing diamond drilling campaign being conducted on the project. An initial field visit for Mr. O'Brien is scheduled for mid-April 2022.

Rene Bharti, CEO of Jourdan, stated, "Jourdan Resources is very excited to onboard Red Pennant Communications Corp., in particular Mr. O'Brien, an extremely experienced individual in helping companies establish mineral resources. Obtaining a mineral resource will be the Company's next step forwards following the completion of its drill campaign, which not only proved the presence of strong lithium grades, but also expanded our understanding about how large our lithium package actually is. Mr. O'Brien will be critical in establishing a mineral resource in the near term, which we anticipate will lead to the preparation of a feasibility study before ultimately moving to production. Indeed, we are confident that establishing a mineral resource will be a huge step forward for Jourdan's shareholders and management alike."

Keep reading... Show less

Lilium and Livent Announce Collaboration to Advance Research and Development for High-Performance Lithium Batteries

Lilium N.V. (NASDAQ: LILM) ("Lilium"), developer of the first all-electric vertical take-off and landing ("eVTOL") jet, and Livent Corporation (NYSE: LTHM) ("Livent"), one of the world's leading producers of lithium products for the battery cell industry, announced today a research and development collaboration agreement.

Lilium and Livent have agreed to collaborate on the advancement of lithium metal technology for use in high-performance battery cells. Collaborating with Livent, a pioneer in lithium technology innovation and a global leader in lithium production for nearly eighty years, is an important step towards securing Lilium's future access to the high-performance battery cell technology that will power Lilium's jets.

Keep reading... Show less
Pegmatite Cluster Mapped at Karonie Doubling Strike Length

Pegmatite Cluster Mapped at Karonie Doubling Strike Length

Alchemy Resources Limited (ASX: ALY) (“Alchemy” or “the Company”) is pleased to announce it has identified additional outcropping pegmatites at its 100% owned Karonie Gold Project located east of Kalgoorlie in Western Australia. The recent mapping has now identified a pegmatite cluster and has doubled the strike length at the Cherry and Hickory prospects, and has identified multiple outcropping pegmatites at Pecan in the north.