Jourdan Discovers Lithium Mineralization on Property Adjacent to North American Lithium’s Producing Mine Successfully hit on 75% of targets on recently acquired properties
NEWS RELEASE
Jourdan Discovers Lithium Mineralization on Property Adjacent to
North American Lithium’s Producing Mine
Successfully hit on 75% of targets on recently acquired properties
Mississauga (Canada), September 15, 2017: JOURDAN RESOURCES INC. (TSX -V :
JOR, Stuttgart: 2JR1) ("Jourdan" or the " Company") is pleased to announce the results
from a 1500 m drill program has been completed on the Preissac-Lacorne Lithium Portfolio,
optioned from Alix Resources Inc (“Alix”) (TSX-V AIX) and one other claim that is owned by
Jourdan.
The centre of the drill program is 1.5km northwest of the adjacent Quebec Lithium Mine
owned and operated by North American Lithium. The adjacent mine announced commercial
production of spodumene concentrate on June 2, 2017 with production targeted for the
Chinese market.
A total of 1500 m of drilling was completed in 12 drill holes, 11 holes on the Preissac -
Lacorne Lithium Portfolio, and one hole (WL17 -12) on claims owned 100% by Jour dan
Resources. (see Map 1 for drill hole locations).
Link to Map 1 : https://goo.gl/RKcCMj
Several holes had multiple wide spread mineralized zones space upto 140m apart with in
the same drill hole, indicating a wide zone of spodumene bearing pegmatite dykes exists in
the area. Drilling covered a strike length of 750m of spodumene bearing pegmatite dykes.
RESOURCES
RESSOURCES
Table 1: Drilling Results from 2017 Program
Hole From (m) To (m)
Length
(m) Li2O%
WL17-01 50.70 54.15 3.45 0.18
86.25 87.15 0.90 0.14
WL17-02 NSA
WL17-03 NSA
WL17-04 72.00 73.50 1.50 0.22
78.75 80.15 1.40 0.24
including 78.75 79.75 1.00 0.28
160.00 162.60 2.60 0.19
including 160.50 161.00 0.50 0.49
175.65 176.20 0.55 0.50
WL17-05 11.80 15.20 3.40 0.25
including 11.80 12.35 0.55 0.50
WL17-06 12.80 15.00 2.20 0.43
including 13.40 14.50 1.10 0.76
WL17-07 17.00 29.45 12.45 0.24
including 19.00 21.45 2.45 0.59
including 22.40 24.00 1.60 0.27
including 27.20 28.35 1.15 0.22
WL17-08 30.00 33.10 3.10 0.25
48.65 48.95 0.30 0.78
173.75 174.65 0.90 0.74
WL17-09 49.80 51.65 1.85 0.40
56.20 56.40 0.20 0.33
96.65 97.05 0.40 0.35
WL17-10 14.00 14.70 0.70 0.48
WL17-11 NSA
WL17-12 11.80 12.30 0.50 0.64
“These highly encouraging first pass drill results confirm widespread lithium mineralization
in the Pressiac-Lacorne Lithium belt. These targets were chosen due to the fact that they
were already permitted by Alix and ready to be drilled. The fact that mineralization was
present in 9 out of 12 holes exceeded our expectations. We have now had enough time to
carefully select our next targets on the claims west of the North American Lithium’s Quebec
Lithium Mine as well as on our Vallee property which borders the North American Lithium’s
Quebec Lithium Mine property to the east. The pegmatite dykes appear to be structurally
and not stratigraphically controlled and we plan to expand on historical drilling and the
success of this drill program to test from mineralization along strike 2 kilometres east and 2
kilometres west of the our neighbour’s producing lithium mine” said Michael Dehn, CEO of
Jourdan.
All samples have been sent to SGS Canada Inc. facilities in Lakefield, Ontario (“SGS”) for
analysis by Inductively Coupled Plasma methods. These laboratories are 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 SGS, Jourdan
Resources develops a rigorous QA/QC protocol for its operators, including the insertion of
analytical standard samples, duplicates and coarse silica blanks on a systematic basis. To
determine the QC warning, ±2x Std. Dev., and QC failure ±3x Std. De v. were used. QC
results did not highlight any significant analytical bias.
Yves Caron, M.Sc., P. Geo., and Qualified Person as defined by NI 43 -101, has reviewed
and approved the technical information in this press release.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the
symbol JOR on the TSX Venture and 2JR1 on the Stuttgart Stock Exchange. The Company
is focused on the acquisition, exploration, production, and development of mining properties
in lithium.
Please visit the Company’s website at www.jourdanresources.com
For further information please contact:
Michael Dehn
President and CEO
Tel: (647) 477-2382
Fax: (647) 477-2389
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including any information as to our
strategy, projects, plans or future financial or operating performance and other statements
that express management's expectations or estimates of future performance, may
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concerning matters that are not historical facts and include, but are not limited to, resource
estimates, capital and operating expenditures, economic conditions, availability of sufficient
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timing, development, operational, financial, economic, legal, regulatory and/or political
factors that may influence future events or conditions. Such forward-looking statements are
based on a number of material factors and assumptions, including, but not limited to, access
to capital markets and other sources of financing and associated cost of funds, final receipt
of any required approvals, sufficient working capital for development and operations, access
to adequate services and supplies, availability of markets for products, commodity prices,
foreign currency exchange rates, interest rates, availability of a qualified work force,
availability of manufacturing equipment, no material changes to the tax and regulatory
regime, the ultimate ability to execute business plans on economically favourable terms and
those material factors and assumptions disclosed in other public filings of Jourdan
Resources.
While we consider these assumptions to be reasonable based on information cu rrently
available to us, they may prove to be incorrect. Actual results may vary from such forward-
looking information for a variety of reasons, including but not limited to, risks and
uncertainties disclosed in other public Jourdan Resources filings, cha nges in general
economic, market and business conditions, competition for, among other things, capital and
skilled personnel, and other unforeseen events or circumstances, that may cause the actual
financial results, performance or achievements of the Comp any to be materially different
from estimated future results, performance or achievements expressed or implied by the
forward-looking statements. Copies of the Company's public filings under applicable
Canadian securities laws are available at www.sedar.co m. The Company further cautions
that information contained on, or accessible through, this website is current only as of the
date of filing such information and may be superseded by subsequent events or filings.
Other than as required by law, Jourdan Resou rces does not intend, and undertakes no
obligation, to update any forward looking information to reflect, among other things, new
information or future events.
Although the Company believes many of its properties have promising potential, its
properties are in the early stages of exploration. None have yet been shown to contain
proven or probable mineral reserves. There can be no assurance that such reserves will be
identified on any property, or that, if identified, any mineralization may be economically
extracted.
Neither the 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. Statements in this release that are not historic facts
are “forward-looking statements” and readers are cautioned that any such statements are
not guarantees of future performance, and that actual developments or results, may vary
materially from those in these “forward-looking statement.
.