Jourdan Announces Expanded Drilling Program Following Successful Intersections of Li Pegmatite
Jourdan Announces Expanded Drilling Program
Following Successful Intersections of Li
Pegmatite
Toronto (Canada), March 24, 2022 (GlobeNewswire) ‐‐ JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB:
JORFF) (“Jourdan” or the “Company“) is pleased to announce that it has expanded its winter 2022 drilling
campaign after all of its first eight drillholes intersected the newly identified spodumene‐bearing
pegmatite swarm on its Vallée property. 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
Jourdan has expanded its 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).
Figure 1: The Vallée property is immediately east of the North American Lithium mine. This figure depicts
the 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 represent the eight additional
drillholes that the Company has added to phase 1 of its winter 2022 drilling campaign. Holes in
red represent the eight drillholes that the Company drilled during its 2021 drilling campaign.
Drillhole* Description**
VAL22‐3‐5 17 interceptions of 1 to 3m spodumene bearing
pegmatite dyke.
VAL22‐4‐5 8 interceptions of 1 to 2m spodumene bearing
pegmatite dyke.
VAL22‐4‐4 8 interceptions of 1 to 2m spodumene bearing
pegmatite dyke.
VAL22‐4‐3 9 interceptions of 1 to 4m spodumene dyke
including 1 interception of a 16m spodumene
bearing pegmatite dyke.
*Please see the Company’s press release dated March 7, 2022, for information about Jourdan’s other four drillholes, being VAL22‐
2‐6, VAL22‐2‐7, VAL22‐3‐6, and VAL22‐4‐6.
** drill core width only, does not represent true width.
Figure 2: A few core boxes from the 16m spodumene bearing pegmatite dyke.
Figure 3: A few core boxes from the rest of the 16m spodumene bearing pegmatite dyke.
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 program is anticipated to substantially extend the known
deposit at the Company’s Vallée property eastwards. Since February 2022, 16 holes of approximately
200m depth each are now being drilled aiming at the pegmatite swarm identified by the trenching of the
bulk sample collected on the Vallée 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 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.
Jourdan is significantly enlarging its database by adding more drillholes since the start of the exploration
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 Company intends to use in the future to establish a preliminary
mineral resource estimate.
Rene Bharti, CEO of Jourdan, stated, “These new intersections are extremely important for the success of
Jourdan. They show that the size of our deposit is potentially much larger than we initially hoped, as we
continue to find new mineralization in new zones we explore. Indeed, with a substantial amount of flow‐
through cash to work with, we believe a more aggressive drill program will ultimately lead us to the
preliminary mineral resource estimate that we have been working towards.”
Jourdan’s Executive Chairman, Dr. Andreas Rompel, stated, “The known size and strike of the various
pegmatites on our properties keeps growing the more we drill, and this last thick intersection deeply
encourages us to continue drilling the northerly and easterly extent of the Li‐bearing pegmatite swarm,
in particular the newly discovered thick vein which is not exposed in the neighbouring mine. This
pegmatite represents a significant addition to the known deposit size.”
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
Company’s winter 2022 drill program, including its scope and the Company’s expectation that it will continue
to extend the 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 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 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.
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THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.