Jourdan Acquires Cache Phosphate Property with 11 Metres of 4.14% Phosphate Near Saguenay, Quebec
RESSOURCES
RESOURCES
NEWS RELEASE
JOURDAN ACQUIRES CACHE PHOSPHATE PROPERTY WITH 11 METRES OF 4.14% PHOSPHATE NEAR SAGUENAY, QUEBEC
- 100% interest in 40-claim, 22.5 sq. km Cache Phosphate Property, no royalties
- Historic composite channel samples of 4.14% P2O5 over 11m and 3.41% P2O5 over 19m
- Government results of up to 5.54% P2O5, up to 20.6% TiO2 and up to 71.7% Fe2O3(Total)
- Historic grab samples of up to 8.36% P2O5 and 9.96% TiO2
- Historic channel sample of up to 5.38% P2O5 over 1.0 m, up to 8.84% TiO2 over 1.0 m and up to 38.51 Fe2O3 over 1.0 m
Toronto (Canada), September 19, 2013: JOURDAN RESOURCES INC. (TSX-V: JOR) (“JOURDAN” or the “Company”) (www.jourdan.ca) is pleased to announce that it has acquired 100% interest in the 22.5 square kilometre Cache Phosphate Property (or, “Cache”), composed of 40 claims and located 100 km northeast of Saguenay, 100 km southwest of Jourdan’s Dissimieux Lake Phosphate Property, and 90 km south of Jourdan’s Jazz Phosphate Property, in the Province of Québec, Canada.
The property was staked by Jourdan following extensive compilation and targeting of prospective geological units along the St. Lawrence North Shore Region between Saguenay and Baie-Comeau, in proximity to Jourdan’s Jazz and Dissimieux Lake Phosphate Properties (See Map 2). The Cache Phosphate Property covers a belt of gabbroic rocks rich in apatite (phosphate) and ilmenite (titanium). These rocks have many similarities to the Mirepoix Phosphate property that has been drilled by Arianne Phosphate located 20 km west of the Cache Phosphate Property. The band of gabbroic rocks on the Cache Phosphate Property has been traced for several kilometres on surface.
The advantage of Cache, when compared to other occurrences of titanium-phosphate, is the extent of the host unit. The gabbroic band extends between 0.5 and 1 kilometres wide and has been followed on surface for at least 10 km (See Map 3).
“We are excited at the results of our summer regional targeting program. The Cache project is the first phosphate property completely compiled and staked by Jourdan” states Michael Dehn, President and CEO. “The Cache Phosphate Property supplements our Jazz and Dissimieux Lake Phosphate Properties, bringing Jourdan one step closer to our goal of becoming the dominate phosphate exploration company in Quebec.”
The following maps show the location of Jourdan’s Cache Phosphate Property relative to its other phosphate projects in Quebec, as well as major population centers:
Map 1. Jourdan Resources’ Phosphate Property Locations, Quebec http://jourdan.ca/pdf/20130919MAP1.pdf
Map 2. Jourdan Resources’ Phosphate Property Locations proximity to each other and the provincial road network http://jourdan.ca/pdf/20130919MAP2.pdf
Historical work on the Cache Property by previous property holders includes mechanical stripping in which 3 trenches were cut totaling approximately 50 metres of sampling (see Map 3). Trench 1 includes two sample intervals 11 metres grading 4.14% P2O5 and 6.43% TiO2 and 19 metres grading 3.41% P2O5 and 4.53% TiO2 (see Map 4). These two intervals are separated by 9 metres which was not sampled due to overburden (see Table 2).
Previous work also includes grab samples shown in Table 1 below with values of up to 8.36% P2O5 and 9.96% TiO2 and to 6.23% P2O5 and 9.51% TiO2.
Table 1. Historical Roadside Grab Samples (locations for most samples can be seen on maps 4, 5 and 6)
| Sample | P O (%) 2 5 | TiO (%) 2 |
|---|---|---|
| 44713 | 0.08 | 19.48 |
| 44714 | 6.20 | 5.40 |
| 44715 | 4.20 | 3.75 |
| 44716 | 3.11 | 2.92 |
| 44717 | 0.73 | 1.55 |
| 44718 | 0.70 | 1.52 |
| 44719 | 2.11 | 3.22 |
| 44720 | 8.36 | 9.96 |
| 44721 | 3.56 | 4.82 |
| 44722 | 3.17 | 4.22 |
| 44723 | 4.91 | 5.55 |
| 44724 | 5.76 | 7.62 |
| 44725 | 0.71 | 1.37 |
| 44726 | 6.23 | 9.51 |
| 44727 | 2.79 | 5.14 |
Map 3. Jourdan Resources’ Cache Phosphate Property Map with historical trench locations http://jourdan.ca/pdf/20130919MAP3.pdf
Table 2. Composites of the historical channel sample program, Trench 1 (see Map 4) are in the table below:
| From (m) | To (m) | Length (m) | P O (%) 2 5 | TiO (%) 2 |
|---|---|---|---|---|
| 1 | 12 | 11 | 4.14 | 6.43 |
| 12 | 21 | 9 | not sampled - under cover | |
| 21 | 40 | 19 | 3.41 | 4.53 |
| 40 | 43 | 3 | not sampled - under cover | |
| 43 | 44 | 1 | 3.25 | 2.94 |
| 44 | 49 | 5 | not sampled - under cover | |
| 49 | 53 | 4 | 2.86 | 4.03 |
| 53 | 54.5 | 1.5 | not sampled - under cover | |
| 54.5 | 57 | 2.5 | 0.98 | 1.58 |
Note: Channel Sample thickness does not necessarily represent true unit thickness
Map 4. Jourdan Resources’ Cache Phosphate Property Historical Trench 1 Geology and Sample Locations. Source: Rapport De Visite et Cartographie Sommaire Propriété Du Lac Périgny, By Rejean Girard, IOS Services Geoscientifiques Inc.
http://jourdan.ca/pdf/20130919MAP4.pdf
Table 3. Individual sample results of the historical channel sample program, Trench 1 (see Map 4) are in the table below:
| Sample | From (m) | To (m) | Length (m) | P O 2 5 | TiO 2 | Fe O 2 3 |
|---|---|---|---|---|---|---|
| 926451 | 1 | 2 | 1 | 2.79 | 4.29 | 17.53 |
| 926452 | 2 | 3 | 1 | 5.20 | 6.44 | 26.97 |
| 926453 | 3 | 4 | 1 | 4.81 | 8.84 | 38.51 |
| 926454 | 4 | 5 | 1 | 3.93 | 8.36 | 37.43 |
| 926455 | 5 | 6 | 1 | 4.37 | 8.70 | 36.94 |
| 926456 | 6 | 7 | 1 | 3.68 | 6.09 | 27.87 |
| 926457 | 7 | 8 | 1 | 4.39 | 5.77 | 24.55 |
| 926458 | 8 | 9 | 1 | 4.54 | 6.12 | 25.58 |
| 926459 | 9 | 10 | 1 | 4.72 | 5.76 | 21.33 |
| 926460 | 10 | 11 | 1 | 4.40 | 6.04 | 24.16 |
| 926461 | 11 | 12 | 1 | 2.74 | 4.33 | 17.62 |
| 926462 | 21 | 22 | 1 | 4.57 | 5.91 | 23.04 |
| 926463 | 22 | 23 | 1 | 4.52 | 6.95 | 30.01 |
| 926464 | 23 | 24 | 1 | 5.38 | 4.91 | 19.07 |
| 926465 | 24 | 25 | 1 | 5.29 | 5.19 | 19.05 |
| 926466 | 25 | 26 | 1 | 3.42 | 4.68 | 18.17 |
| 928467 | 26 | 27 | 1 | 3.68 | 5.06 | 18.59 |
| 926468 | 27 | 28 | 1 | 4.96 | 5.64 | 20.13 |
| 926469 | 28 | 29 | 1 | 2.97 | 4.82 | 18.66 |
| 926470 | 29 | 30 | 1 | 3.59 | 4.71 | 17.43 |
| 926471 | 30 | 31 | 1 | 3.64 | 4.72 | 18.86 |
| 926472 | 31 | 32 | 1 | 3.49 | 4.37 | 18.30 |
| 926473 | 33 | 34 | 1 | 2.99 | 4.01 | 15.37 |
| 926474 | 34 | 35 | 1 | 2.89 | 3.73 | 15.00 |
| 926475 | 35 | 36 | 1 | 1.13 | 1.46 | 6.70 |
| 926476 | 36 | 37 | 1 | 0.92 | 0.98 | 5.43 |
| 926477 | 37 | 38 | 1 | 3.36 | 4.59 | 19.30 |
| 926478 | 38 | 39 | 1 | 4.65 | 7.49 | 35.22 |
| 926479 | 39 | 40 | 1 | 3.25 | 6.93 | 33.26 |
| 926480 | 43 | 44 | 1 | 3.25 | 2.94 | 18.49 |
| 926481 | 49 | 50 | 1 | 2.52 | 3.63 | 14.18 |
| 926482 | 50 | 51 | 1 | 3.27 | 4.38 | 16.31 |
| 926483 | 51 | 52 | 1 | 3.09 | 4.51 | 1.57 |
| 926484 | 52 | 53 | 1 | 2.56 | 3.60 | 16.91 |
| 926485 | 54.5 | 56 | 1.5 | 0.92 | 1.52 | 8.47 |
926486 56 57 1 1.07 1.67 9.66 Note: Channel Sample thickness does not necessarily represent true thickness
Map 5. Jourdan Resources’ Cache Phosphate Property Historical Trench 2 Geology and Sample Locations. Source: Rapport De Visite et Cartographie Sommaire Propriété Du Lac Périgny, By Rejean Girard, IOS Services Geoscientifiques Inc.
http://jourdan.ca/pdf/20130919MAP5.pdf
Map 6. Jourdan Resources’ Cache Phosphate Property Historical Trench 3 and Roadside Geology and Sample Locations. Source: Rapport De Visite et Cartographie Sommaire Propriété Du Lac Périgny, By Rejean Girard, IOS Services Geoscientifiques Inc.
http://jourdan.ca/pdf/20130919MAP6.pdf
In the 2003 report “Géologie de la région des lacs Portneuf et Maria-Chapdelaine (22E/01 et 22E/02)” by the Claude Hebert and Anne-Marie Cadieux of the Ministry of Natural Resources, Quebec, additional encouraging results were reported.
From this report is taken the following quote, translated from French "From an economic standpoint, a former lake-bottom sediment survey results and a new stream sediment survey helped define 11 anomalous areas. Copper, uranium, nickel, titanium, arsenic, antimony, lithium, phosphorus and rare earths give the best anomalies. Some clues of iron, titanium and apatite were worked by prospectors.”
Results from this report that are within the claims boundaries of Jourdan’s Cache Phosphate Property are reported below in Table 4.
Table 4 – Lithogeochemistry results from report “Géologie de la région des lacs Portneuf et Maria- Chapdelaine (22E/01 et 22E/02)” on Jourdan’s Cache Phosphate Property
| Sample | SiO 2 (%) | TiO 2 (%) | AlO 2 3 (%) | FeOT 2 3 (%) | MnO (%) | MgO (%) | CaO (%) | NaO 2 (%) | KO 2 (%) | PO 2 5 (%) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2001032288 | 22.1 | 9.63 | 2.12 | 39.6 | 0.37 | 11.9 | 7.51 | 0.16 | 0.29 | 5.54 |
| 2001032289 | 2.26 | 20.6 | 4.98 | 71.7 | 0.38 | 2.45 | 0.38 | 0.16 | 0.04 | 0.04 |
Assay Results and Trench Maps presented in this release are from the Assessment Report “Rapport De Visite et Cartographie Sommaire Propriété Du Lac Périgny, By Rejean Girard, IOS Services Geoscientifiques Inc” dated July 18, 2001. All assays analysis was completed by Bondar Clegg of Val d’Or, Quebec in 2000. Lithogeochemistry results in this release are from the report “Géologie de la région des lacs Portneuf et Maria-Chapdelaine (22E/01 et 22E/02)” by the Claude Hebert and Anne- Marie Cadieux of the Ministry of Natural Resources, Quebec.
The technical information in this news release was approved by Mr Stephen Wallace, P. Geo, VP Exploration of Jourdan Resources, and a Qualified Person under NI 43-101 regulations.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in phosphates.
Please visit the Company’s website at www.jourdan.ca
For further information please contact:
Michael Dehn Glen Wylie, CMA President and CEO, Jourdan Resources Inc. CFO, Jourdan Resources Inc. Tel: (647) 477-2382 Tel: (647) 477-3758 Fax: (647) 477-2389 Fax: (647) 477-2389 [email protected] [email protected]
Cautionary Note Regarding Forward-Looking Statements Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favourable terms and those material factors and assumptions disclosed in other public filings of Jourdan Resources.
While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public Jourdan Resources filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Company to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, Jourdan Resources does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.
Although the Company believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted.
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