Jourdan Announces More Elevated Li2O Grades from Its Drillhole Campaign; CFO Retirement
JOURDAN ANNOUNCES MORE ELEVATED Li2O GRADES FROM ITS DRILLHOLE CAMPAIGN;
CFO RETIREMENT
January 18, 2022, Toronto, Ontario (GlobeNewswire) – Jourdan Resources Inc. (TSXV:
JOR; OTCQB: JORFF) (“ Jourdan” or the “Company”) is pleased to publish the final assay
results of its September/October 2021 drilling campaign on its fl agship Vallée project, which is
located 35km north of Val-d’Or in Quebec, Canada. The results are from the last three drill
holes and show multiple distinct zones of pegmatite intersections.
Highlights of Line 3*:
Drill hole
From
(m) To (m)
Length
(m)
Li2O
(%)
VAL21-3-2 41.85 42.75 0.9 1.58
VAL21-3-2 42.75 43.7 0.95 1.31
VAL21-3-2 43.7 44.6 0.9 0.97
VAL21-3-3 31 31.9 0.9 0.92
VAL21-3-3 162.4 163.4 1 1.44
VAL21-3-4 71.2 72.05 0.85 1.06
VAL21-3-4 72.05 72.85 0.8 1.14
VAL21-3-4 100.7 101.8 1.1 1.63
VAL21-3-4 101.8 102.85 1.05 0.91
VAL21-3-4 102.85 103.95 1.1 1.32
VAL21-3-4 129.8 130.85 1.05 1.08
VAL21-3-4 177 191 14 0.67
*drill core width only, does not represent true width
Pict
ure of VAL-21-3-4: 22 metre spodumene pegmatite dyke.
View of Vallée lithium property on the right side wi th Line 2, Line 3, and mapped spodumene pegmatites
between Vallée and the North American Lithium Mine on the left.
As men
tioned 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 100% of the assay results from the program in
which every hole showed multiple intersections of spodumene-bearing pegmatites.
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. In the
meantime, Jourdan is actively applying for pe rmits for the next drill campaign expected to
commence in the 1 st quarter of 2022. This campaign aims at enlarging the strike extent of the
multiple spodumene-bearing pegmatites on the flagship Vallée project.
Jourdan’s Chief Executive Officer, Rene Bharti, commented, “We are onc e again encouraged
by the positive drill results we are receiving from the lab. The goal at Jourdan has been, and
will continue to be, to k eep actively drilling across all zones of our properties, and to define a
resource for the Company. With lithium pric es at all-time highs, J ourdan intends to continue
working towards its ambition of becoming Quebec’s next lithium producer.”
“We are very encouraged by the achieved results in grade but also the abundance of individual
spodumene-bearing pegmatites,” said Dr. Andy Rompel, Executive Chairman of Jourdan, “and
we are looking forward to enlarging the strike extent and therefore the anticipated deposit s ize
during the next drilling campaign on our Va llée property 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 s tandard
samples, duplicates and coarse silica blanks on a systematic basis.
Further significant results
Drill hole From (m) To (m) Length (m) Li2O (%)
VAL21-3-2 41.85 42.75 0.9 1.58
VAL21-3-2 42.75 43.7 0.95 1.31
VAL21-3-2 43.7 44.6 0.9 0.97
VAL21-3-2 94.7 95.7 1 0.51
VAL21-3-2 95.7 96.7 1 0.66
VAL21-3-2 96.7 97.7 1 0.56
VAL21-3-3 30.25 31 0.75 0.55
VAL21-3-3 31 31.9 0.9 0.92
VAL21-3-3 33.6 34.6 1 0.67
VAL21-3-3 162.4 163.4 1 1.44
VAL21-3-4 58 58.5 0.5 0.80
VAL21-3-4 69.5 70.35 0.85 0.49
VAL21-3-4 70.35 71.2 0.85 0.77
VAL21-3-4 71.2 72.05 0.85 1.06
VAL21-3-4 72.05 72.85 0.8 1.14
VAL21-3-4 72.85 73.65 0.8 0.52
VAL21-3-4 77 77.85 0.85 0.62
VAL21-3-4 80 80.85 0.85 0.88
VAL21-3-4 100.7 101.8 1.1 1.63
VAL21-3-4 101.8 102.85 1.05 0.91
VAL21-3-4 102.85 103.95 1.1 1.32
VAL21-3-4 103.95 105.05 1.1 0.65
VAL21-3-4 120.85 121.9 1.05 0.88
VAL21-3-4 128.8 129.8 1 0.77
VAL21-3-4 129.8 130.85 1.05 1.08
VAL21-3-4 144.7 145.75 1.05 0.56
VAL21-3-4 172.35 173.3 0.95 0.55
VAL21-3-4 177 191 14 0.67
CFO Retirement
The Company is also pleased to announce that Mr. Ryan Ptolemy has been appointed as the
chief financial officer of Jourdan.
Mr. Ptolemy is a CPA, CGA and CFA charter holder who also attained a Bachelor of Arts from
Western University. Mr. Ptolemy serves as chief financial officer to many public and private
companies in the resource sector, particularly development-stage companies. Mr. Ptolemy
formerly served as chief financial officer for an independent investment dealer in Toronto where
he was responsible for financial reporting, budgeting and the company’s internal controls.
The appointment of Mr. Ptolemy follows Ms. Deborah Battiston’s retirement from her role as
the chief financial officer of the Company. The board and management of the Company
express their gratitude to Ms. Battiston for her efforts and extensive contributions and wish her
well in her retirement and future endeavours.
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 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 information, including but not limited to: receipt of necessary approvals; general
business, economic, 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. Accordingl y, 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.