Jourdan Announces the NEXT Phase of Diamond Drilling at Its Flagship Vallée Project Aiming at Enlarging the Known Deposits
JOURDAN ANNOUNCES THE NEXT PHASE OF DIAMOND DRILLING AT ITS FLAGSHIP VALLÉE
PROJECT AIMING AT ENLARGING THE KNOWN DEPOSITS
January 24, 2022, Toronto, Ontario (GlobeNewswire) – Jourdan Resources Inc. (TSXV:
JOR; OTCQB: JORFF) (“ Jourdan” or the “ Company”) is pleased to announce that it is
embarking on the next phase of diamond drilling on its flagship Vallée project. It is envisaged
to drill 3600m or 18 holes of approximately 200m depth each. The aim is to significantly
enlarge the known deposits in a northerly and easterly direction.
View of Vallée lithium property with envisaged Phase II drilling
The drill program is anticipated to be conducted by Forage Hébert from Amos, Quebec,
under the supervision of Alexandr Beloborodov Géologue Inc. (ABG Exploration) of Laval,
Quebec.
The pegmatite dykes appear to become more abundant and wider further northwards and it
is Jourdan’s intention to expand on historical drillholes during the next campaign. In the
meantime, Jourdan has received permits for the next drill campaign scheduled 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, “The Company is planning a
very intensive drill program for 2022, with the goal of establishing an initial mineral resource
in the coming months. We believe that this is the next critical step in moving towards our
ambition of becoming Quebec’s next lithium producer.”
“We are excited to embark on the next phase of drilling”, said Dr. Andy Rompel, Executive
Chairman of Jourdan, “and encouraged by the previous results to achieve our goal to extend
the known deposit size substantially towards the north and the east.”
All samples are expected to be sent to Impact Global Solutions Inc.’s 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 fo r its operators, including the insertion of
analytical standard samples, duplicates and coarse silica blanks on a systematic basis.
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 anticipated exploratory drilling campaign, including its
expected scope and implementation, timing, administration, and anticipated results, and the
Company’s ability to complete any future drilling campaigns to expand known deposits, to
establish an initial mineral resource at its properties, and to execute its business plan, including
its ambition of becoming 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 differ ent 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-looki ng 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.