Jourdan Completes Phase 3 of its Summer 2022 Drilling Program
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 1
Jourdan Completes Phase 3 of its Summer 2022
Drilling Program
November 2, 2022
Toronto (Canada) - JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF ; FRA:2JR1) (“ Jourdan” or the
“Company“) is pleased to announce the completion of 32 drill holes (6,400m) of its phase 3 summer 2022
drilling campaign on its Vallée property at a previously underexplored eastern extension (see Fig. 1).
The phase 3 diamond drilling was located to the east of the previous phases and aimed at the eastern
extension of the known pegmatite swarm with its anticipated lithium-bearing spodumene mineral. The
core produced from the drilling is scheduled to be logged, cut, sampled, and then sent to the assay
laboratory for its lithium content. The Company intends to use t he results of the drilling and assaying to
update its geological model and to help the Company establish an initial resource estimate at its Vallée
property.
Since starting its drilling program in September 2021, Jourdan has drilled fifty-eight (58) drillholes for a total
of 11,600 metres.
Rene Bharti, Jourdan’s CEO, stated, “We are extremely proud to have completed a successful third phase
of our drilling campaign. We believe that this drilling will be critical for our geological model, which will be
the basis of the Company’s first initial resource estimate. We see that lithium demand continues to surge,
and we believe that establishing such a resource is a critical next step in our goal of becoming a lithium
producer in Quebec.”
Jourdan’s Executive Chairman, Dr. Andreas Rompel, stated, “We have yet again successfully completed
another phase of exploration, proving the presence of our well -known lithium-bearing pegmatite swarm
even further to the east. Its existence is deeply encouraging, and we intend to continue to pursue exploring
the spodumene-rich veins eastwards.”
The drill program was conducted by Forage LaMontagne Fortier from Rouyn-Noranda, Québec, under the
supervision of Alex Belo Géologue Inc. (ABG Exploration) of Laval, Quebec and GeoTasks from Sudbury.
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 2
Figure 1: The Vallée property is immediately east of the North American Lithium mine. This figure depicts
the 2011, 2021 and 2022 completed drillholes with a total of 58 drillholes since 2021.
The Company’s now completed diamond drilling program of 6,400m was 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. Management anticipates that
results of the drilling program will substantially extend the known deposit at the Company’s Vallée property
eastwards.
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 (4,250m), the 2021 campaign consisted of eight
drillholes (1,680m) and with the completed 10,000m in 2022, Jourdan has more than 15,930m (79 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
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 3
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 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 rel ease 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 intentions to arrange for
testing of core produced from its phase 3 drilling campaign for lithium content and to update its geological model from the results
thereof, management’s expectations that the results from its phase 3 drilling campaign will extend the known deposit at the
Company’s Vallée property, and the ability of the Company to establish a preliminary mineral resource estimate at its properties ,
become a lithium producer, 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 ce rtain 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 cau se
actual results to differ mat erially 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.