Jourdan Announces Final Results Showing Promising Li2O Grades from Its Winter Drill Campaign
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 1
Jourdan Announces Final Results Showing
Promising Li2O Grades from Its Winter Drill
Campaign
September 6, 2022
Toronto (Canada) - JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF ; FRA:2JR1) (“ Jourdan” or the
“Company“) is pleased to publish the final assay results of its winter 2022 drilling campaign on its flagship
Vallée project, which is located ~35km north of Val -d’Or in Quebec, Canada. The results are from all 18
holes and show multiple lithium grading zones.
Highlights:
• We have continually been expanding the known size of the northern pegmatite, the existence of
which was confirmed by our fall 2021 drilling campaign, since our drill hole VAL21 -3-4 was
completed in October 2021, and in which a 21m spodumene-bearing pegmatite was identified.
• This new information heightens our expectations for the northern pegmatite.
• The northern and the southern pegmatite s, which were both intersected by historical 1958
drillholes, have now been drill confirmed to be present over a strike length of more than 600 m
each.
Drill hole*
From
(m) To (m)
Length
(m) Li2O (%)
VAL22-2-6 24.2 25.1 0.9 0.83
VAL22-2-6 26.9 28 1.1 1.26
VAL22-2-6 28 29 1 1.92
VAL22-2-6 29 30.1 1.1 1.24
VAL22-2-6 143.1 144 0.9 0.97
VAL22-2-6 160.85 161.85 1 0.60
VAL22-2-6 161.85 162.8 0.95 1.26
VAL22-2-6 162.8 163.8 1 1.66
VAL22-2-6 163.8 164.7 0.9 0.62
VAL22-3-6 117 118 1 0.82
VAL22-3-6 118 119 1 1.55
VAL22-3-5 32.3 33.4 1.1 0.86
VAL22-3-5 48.7 49.7 1 0.63
VAL22-3-5 49.7 50.8 1.1 0.77
VAL22-3-5 120.8 121.85 1.05 0.79
VAL22-3-5 128.2 129.05 0.85 0.70
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VAL22-3-5 129.05 129.95 0.9 0.92
VAL22-3-5 143.4 144.5 1.1 0.86
VAL22-3-5 144.5 145.6 1.1 1.21
VAL22-4-3 89 90 1 1.00
VAL22-4-3 106.55 107.45 0.9 2.38
VAL22-4-3 107.45 108.45 1 1.34
VAL22-4-3 149 149.9 0.9 0.60
VAL22-4-3 164.3 164.95 0.65 0.61
VAL22-4-3 164.95 165.8 0.85 0.84
VAL22-4-3 177.75 178.8 1.05 1.00
VAL22-4-3 178.8 179.9 1.1 1.83
VAL22-4-3 179.9 181 1.1 1.51
VAL22-4-3 181 182 1 1.26
VAL22-4-3 182 183 1 1.01
VAL22-4-2 28.2 29 0.8 1.15
VAL22-4-2 29 29.8 0.8 1.21
VAL22-4-2 29.8 30.45 0.65 0.72
VAL22-4-2 32.15 32.8 0.65 1.42
VAL22-4-2 97.4 98.3 0.9 0.71
VAL22-4-2 119.1 120 0.9 0.53
VAL22-4-2 157.3 158.3 1 0.96
VAL22-4-2 158.3 159.3 1 0.99
VAL22-4-2 161.3 162.3 1 0.72
VAL22-4-2 162.3 163.3 1 0.61
VAL22-4-1 97.1 98 0.9 1.49
VAL22-3-7 166.85 167.85 1 0.61
VAL22-3-7 167.85 168.8 0.95 0.99
VAL22-3-7 168.8 169.7 0.9 1.42
VAL22-5-4 104.8 105.7 0.9 0.93
VAL22-5-3 104.75 105.65 0.9 0.64
VAL22-5-3 133.3 134.15 0.85 1.35
VAL22-5-3 134.15 135.1 0.95 1.10
VAL22-5-3 135.1 136 0.9 0.76
VAL22-5-2 121.9 122.85 0.95 1.38
VAL22-5-2 202 203 1 0.99
VAL22-5-1 36.8 38 1.2 1.49
VAL22-5-1 38 39 1 0.81
VAL22-5-1 39 40 1 0.99
VAL22-5-1 72.2 73 0.8 0.89
VAL22-5-1 73 74 1 1.04
VAL22-5-1 74 75 1 0.65
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VAL22-5-1 75 76 1 1.03
VAL22-5-1 76 76.8 0.8 0.61
VAL22-3-1 76.35 76.55 0.2 0.69
VAL22-3-1 111.8 112.6 0.8 1.16
VAL22-3-1 113.3 114.4 1.1 1.02
VAL22-3-1 114.4 115.2 0.8 1.02
VAL22-3-1 115.2 116 0.8 1.58
VAL22-3-1 117 118 1 1.76
VAL22-5-5 41 41.5 0.5 0.63
VAL22-5-5 43.65 44.1 0.45 0.67
VAL22-4-7 187 188 1 0.10
VAL22-4-6 175.8 176.55 0.75 0.50
VAL22-4-6 178.6 179.4 0.8 0.63
VAL22-4-5 91 92.2 1.2 0.45
VAL22-4-5 110 111 1 0.51
VAL22-4-4 110.4 111.35 0.95 0.46
VAL22-4-4 114.4 115.4 1 0.52
VAL22-2-7 28.5 29.5 1 0.32
*drill core width only, does not represent true width
As mentioned in a press release dated May 24, 2022 (which is available under the Company’s SEDAR profile
at www.sedar.com), the Company completed its previously announced diamond drilling program, with
3,629m drilled by May 2022. The Company has now received the final assay results from the program.
All 18 holes of the Company’s 2022 winter drilling campaign intersected the 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).
Since restart ing drilling in September 2021, Jourdan has drilled 26 drillholes, all of which intercepted
multiple spodumene-bearing pegmatite dykes.
“We are extremely pleased with these latest assay results. These grades confirm our confidence in this
project with it s known and newly discovered spodumene -bearing pegmatites ”, said Dr. Andy Rompel,
executive chairman of Jourdan. He continued, “and we are keenly awaiting the initial mineral resource
estimate now that we have all drillhole assay results from our flagship project at Vallée.”
The completed drill program was conducted by Forage Hébert located in Amos, Quebec, under the
supervision of Alexandr Beloborodov, Géologue Inc. (ABG Exploration) of Amos, Quebec.
Jourdan’s Chief Executive Officer, Rene Bharti, stated, “Jourdan is pleased to again report respectable assay
results from core recently collected during its 2022 drilling campaign . The Company is keenly focused on
establishing an initial mineral resource estimate at Vallée in the near term and commencing a geological
mapping and soil sampling programs at its other two properties, Baillargé and Preissac-La Corne.”
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 4
All samples were sent to Impact Global Solutions Inc. Laboratory in Delson, Québec (“IGS”) fo r 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.
Figure 1: The Vallée property is approximately 35km north of Val -d’Or and immediately east of the North
American Lithium mine. This figure depicts the 2011, 2021 and 2022 completed drillholes. All 26
drillholes since 2021 intersected the Li-bearing, spodumene-rich pegmatite swarm.
The Company ’s now completed diamond drilling program of 3,629m was intended to follow up on the
results of a 40-tonne bulk sample collected in 2018, the fence line drilled in 2011, and follow-up drilling in
2021 along the western side of the Company’s Vallée property, which borders the North American Lithium
mine. As anticipated, the drilling program substantially extended the known deposit at the Company’s
Vallée property eastwards. Since February 2022, 18 holes of approximately 200m depth have been drilled,
each aimed 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 also 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.
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 5
Jourdan has significantly enlarged 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 completed 3,629m in 2022, Jourdan has more than 9,490m (47 holes) of
core that the Company intends to use in the future to establish an initial mineral resource estimate.
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 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:
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 insuffici ent
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 management’s expectations for the northern
pegmatite and the ability of the Company to establish an initial mineral resource estimate at its properties, commence a geological
mapping and soil sampling programs at its Baillargé and Preissac -La Corne properties, and 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”, “wo uld”,
“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 m arket
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.