Jourdan Announces Drilling Program has Successfully Intersected New Eastern Extension of Li Pegmatite
Jourdan Announces Drilling Program has
Successfully Intersected New Eastern
Extension of Li Pegmatite
Toronto (Canada), September 23, 2021: JOURDAN RESOURCES INC. (“ Jourdan” or the “ Company“) is
pleased to announce that all of its first four drill holes of its fall drilling campaign have intersected the
spodumene-bearing pegmatite swarm on its Vallée property at a previously underexplored eastern
position (see Fig. 1).
Figure 1: The Vallée property is immediately east of the North American Lithium mine. This figure depicts
the 2011 fence drilling (yellow line) and the first four drillholes of the Company’s current drilling
campaign. All four drillholes intersected the Li-bearing, spodumen-rich pegmatite swarm.
Drill hole From (m) To (m) Interval (m) Mineralization Description
VAL21-2-1 145 146.2 1.2 Spodumene 5% spodumene
with local zones
with up to 10%
Spodumene
VAL21-2-2 52 53 1 Spodumene 5% spodumene
with local zones
with up to 10%
Spodumene
VAL21-2-2 87 89.4 2.4 Spodumene 5% spodumene
with local zones
with up to 10%
Spodumene
VAL21-2-2 94.2 95.5 1.3 Spodumene 5% spodumene
with local zones
with up to 10%
Spodumene
VAL21-2-3 18.1 18.6 0.5 Spodumene 5% spodumene
with local zones
with up to 10%
Spodumene
VAL21-2-3 23 24.35 1.35 Spodumene Around 10%
Spodumene
VAL21-2-3 207.2 209 1.8 Spodumene Around 10%
Spodumene
VAL21-2-4 16.8 17.1 0.3 Spodumene 5% spodumene
with local zones
with up to 10%
Spodumene
VAL21-2-4 20.5 21.5 1 Spodumene 5% spodumene
with local zones
with up to 10%
Spodumene
VAL21-2-4 36.2 36.7 0.5 Spodumene 5% spodumene
with local zones
with up to 10%
Spodumene
VAL21-2-4 40.7 41.7 1 Spodumene 5% spodumene
with local zones
with up to 10%
Spodumene
VAL21-2-4 45.7 46 0.3 Spodumene 5% spodumene
with local zones
with up to 10%
Spodumene
VAL21-2-4 167.4 171.25 3.85 Spodumene 10% spodumene
with local zones
with up to 15%
Spodumene
The Company’s 2000m 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 along the western side of the Company’s Vallée
property, which borders the North American Lithium mine. This drilling campaign aims at completing two
more fence lines across the expected lithium-bearing pegmatite swarm, which has been mined in the
immediate vicinity to the west. 10 holes of approximately 200m depth each are scheduled to be drilled
aiming at the pegmatite swarms 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 Li2O grades (for more information,
please see the Company’s press release dated April 29, 2021), which have encouraged the Company to
continue exploration and exploratory drilling along the strike and depth extents of its Vallée property.
Rene Bharti, CEO of Jourdan, stated, “Our drill program continues to provide encouraging results. Having
all four holes hit the anticipated Li-bearing, spodumene-rich pegmatite swarm in a new direction is a clear
indication that there is potentially more mineralization on our properties than we had initially expected.
Having visited the site recently, it was apparent from the level of activity in the area that the global
demand for lithium has not slowed. The Company intends to use the results from this drill program to
establish a resource in the near term. Furthermore, with such a world class exploration team assembled
and led by Dr. Rompel, I have no doubt that Jourdan will realize its goal of becoming Canada’s next lithium
producer.”
Jourdan’s Executive Chairman, Dr. Andreas Rompel, stated, “We are excited about the first intersections
and proving up the eastern extension of the expected Li-bearing pegmatite swarm on our Vallée property.
We intend to continue to build on these intercepts with the intention of delineating the entire extent of
the expected lithium deposits existing east of the North American Lithium mine”
Figure 2: Spodumene bearing pegmatite intersection in drill core of hole No. VAL21-2-3.
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
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:
www.jourdaninc.com
Rene Bharti, Chief Executive Officer and President
Email: [email protected]
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 global
demand for lithium and the Company’s ability to complete its 2000m drilling campaign, to complete any future
exploratory and drilling campaigns, to establish a resource at its properties, and to execute its business plan,
including its ambition to become Canada’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 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.