Jourdan Announces Drilling Program Continues to Intersect the New Eastern Extension of Li Pegmatites All Fourteen Holes of its 2022 winter drilling campaign have intersected the new spodumene-bearing pegmatite swarm and a second drill is added on the project
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 1
Jourdan Announces Drilling Program Continues to
Intersect the New Eastern Extension of Li Pegmatites
All Fourteen Holes of its 2022 winter drilling campaign have intersected the new spodumene-bearing
pegmatite swarm and a second drill is added on the project
May 12, 2022
Toronto (Canada) - JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF , FRA:2JR1 ) (“ Jourdan” or the
“Company“) is pleased to announce that all of its fourteen (14) 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).
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).
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 2
Figure 1: The Vallée property is immediately east of the North American Lithium mine. This figure depicts
the 2011, 2021 and 2022 planned drillholes. All eight first drillholes (in blue) from phase 1 of 2022
intersected the li -bearing, spodumen -rich pegmatite swarm. Holes in green (phase 2 of 2022)
represent the eight additional drillholes that the Company has added after completing phase 1 of
its winter 2022 drilling campaign. Holes in red represent the eight drillholes that the Company
drilled during its 2021 drilling campaign (that also all intersected the li-bearing pegmatite swarm).
Drillhole Description*
VAL22-5-1 2 interceptions of 6m spodumene bearing
pegmatite dyke.
VAL22-3-1 6 interceptions of 1 to 6m spodumene bearing
pegmatite dyke.
* drill core width only, does not represent true width.
Rene Bharti, CEO of Jourdan, stated, “We are very excited that the drill program continues to find new
spodumene bearing intersections in new zones. The success of the drill program, coupled with the work
underway to build our resource estimate in the comi ng months, is anticipated to bring us one step closer
to achieving our goal of becoming Quebec’s next lithium producer.”
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 3
Jourdan’s Executive Chairman, Dr. Andreas Rompel, stated, “ We have successfully completed another
phase in our endeavour to enlarge the deposit size on our Vallée project. We are now keenly awaiting the
assay results and then we can start the resource estimation process.”
Jourdan is significantly enlarging its database by adding more drillholes since the start of the explorati on
work in 2011. The 2011 drilling comprised 21 drillholes (4,256m), the 2021 campaign consisted of eight
drillholes (1,680m) and with the planned 3,208m round of drilling in 2022, Jourdan is on track to having
more than 9,200m (45) of core that the Compan y intends to use in the future to establish a preliminary
mineral resource estimate.
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 drill ing program is anticipated to substantially extend the known deposit at
the Company’s Vall ée property eastwards. Since February 2022, 14 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 Vall ée property in 2018. The assay results from the bulk
sample revealed high Li 2O 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.
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 t rading 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: [email protected]
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,
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 4
including its scope and the Company’s expectation that it will continue to extend t he 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,
begin production, 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 a nd 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 im portant 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 s hould
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.