Jourdan Announces Elevated Li2O Grades from Its Drillhole Campaign
JOURDAN ANNOUNCES ELEVATED Li2O GRADES FROM ITS DRILLHOLE CAMPAIGN
December 20, 2021, Toronto, Ontario (GlobeNewswire) – Jourdan Resources Inc. (TSXV:
JOR; OTCQB: JORFF) (“ Jourdan” or the “Company”) is pleased to publish the next partial
assay results of its September/October 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 first five
drill holes and show multiple distinct zones of pegmatite intersections.
Highlights of Line 2*:
Highlights
Drill hole From (m) To (m) Length
(m) Li2O (%)
VAL21-2-2 87.9 88.8 0.9 1.23
VAL21-2-3 207.0 208.0 1 1.36
VAL21-2-4 167.4 168.3 0.9 1.62
VAL21-2-5 99.75 100.85 1.1 1.19
VAL21-2-5 102.5 103.5 1.05 1.52
*drill core width only; does not represent true width
Map 1: Map of Vallée lithium property with Line 2, Line 3, and mapped spodumene pegmatites.
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 62% of assay results from the program and
awaits further assays from the program in which every hole showed multiple intersections of
spodumene-bearing pegmatite. These last results are expected before the holidays.
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.
Jourdan’s Chief Executive Officer, Rene Bharti, commented, “The latest drill results appear to
confirm the commercial grade lithium that Jourdan possesses within its large land package.
These results will keep us moving closer towards defining a resource, which will be a vital
next step in becoming Quebec’s next lithium producer.”
“We are excited to report these grades of our second fence line drilled since 2011”, said Dr.
Andy Rompel, Executive Chairman of Jourdan, “and we are keenly awaiting the next results
for the remaining three holes. We feel extremely encouraged to continue drilling on our
Vallée property to build on what is already known and to expand known deposits 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) Li2O (%)
VAL21-2-1 144.4 150.4 6 0.13
VAL21-2-2 87.0 87.9 0.9 1.03
VAL21-2-2 87.9 88.8 0.9 1.23
VAL21-2-2 88.8 89.7 0.9 0.87
VAL21-2-2 94.2 95.05 0.85 0.54
VAL21-2-3 18.0 19.0 1 0.57
VAL21-2-3 23.0 23.8 0.8 0.74
VAL21-2-3 23.8 24.4 0.6 0.84
VAL21-2-3 207.0 208.0 1 1.36
VAL21-2-3 208.0 209.0 1 0.72
VAL21-2-4 17.0 17.5 0.5 0.57
VAL21-2-4 167.4 168.3 0.9 1.62
VAL21-2-4 168.3 169.3 1 1.08
VAL21-2-4 169.3 170.3 1 0.89
VAL21-2-4 170.3 171.3 0.95 0.67
VAL21-2-5 98.15 99.2 1.05 0.85
VAL21-2-5 99.75 100.85 1.1 1.19
VAL21-2-5 101.4 102.5 1.05 1.00
VAL21-2-5 102.5 103.5 1.05 1.52
VAL21-2-5 163.5 164.5 1 0.72
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: [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-looki ng information includes, but is not limited to,
statements with respect to the remaining assay results from the Company’s recently completed
drilling program and 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 info rmation, including but not limited to: receipt of
necessary approvals; general business, econom ic, 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.