Jourdan Identifies Significant Lithium Mineralization on Vallee Lithium Property due east of North American Lithium’s Producing Mine
NEWS RELEASE
Jourdan Identifies Significant Lithium Mineralization on Vallee Lithium
Property due east of North American Lithium’s Producing Mine
Mineralized corridor appears to be a minimum 600m thick and 1000m long
Compilation identified historical results up to 4.88m of 2.97% LiO2
Mississauga, Ontario, October 2 , 2017: JOURDAN RESOURCES INC. (TSX -V : JOR,
Frankfurt and Stuttgart 2JR1) ("Jourdan" or the " Company") is pleased to announce the
results from infill sampling and compilation of drilling from the Vallee Lithium Property,
adjacent to the eastern boundary of North American Lithium’s (“NAL”) producing Quebec
Lithium Mine. In 2011, Jourdan completed a 4,250 m, 21 drill hole program, the first drill
program on the Vallee Lithium property since 1955. In the summer of 2017, the Company
relogged and sampled previously untested drill core including holes VAL11 -12 and
VAL11-19. (See Map 1)
Only 6 holes have completed outside of the significantly mineralized corrid or leaving
strong potential for additional lithium mineralization on the Vallee Lithium property.
Highlights from infill sampling of the 2011 drilling, completed in the summer of 2017
include 1.30m @ 1.53% Li2O in hole VAL11 -19 and 1.65m @ 0.93% Li2O in ho le
VAL11-19.
The compilation and interpretation, relogging, sampling and surface inves tigation of the
Vallee Lithium property has identified significant lithium mineralization contiguous to a due
east of the Quebec Lithium Mine owed by NAL. NAL is currently completing a planned
$50 million financing as a private company, at $2.75 per share , $25 million of which has
been committed by a Burwill Holdings Limited, who have also committed to acquire 80%
of spodumene concentrate from the Quebec Lithium Mine, which is currently producing.
NAL acquired and is re -starting one of the only near -term viable hard rock lithium
operations globally. NAL is the 100 -per-cent owner of the Québec Lithium Mine in Val -
d’Or, Quebec, a mine site located within reach of North America’s largest markets and
export terminals. Jourdan Resources nearly surrounds the Quebec Lithium Mine on all
sides save for a portion of the mine’s northern boundary.
Compliation of recent resampling and historical drilling has identified a significantly
mineralized corridor of spodumene mineralization 600m thick and 1000m long (visible on
Map 1 and Section 1). Holes drilled in 1952, 1953 and 1955 confirm this corridor, and
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there is very limited drilling outside the corridor, with only 6 holes drilled outside this area
that have been complied, and the majority of the area of the Vallee Lithium property is
untested.
Concentrate tests results returned more then 5% Li2O from 2011 drill core, previously
reported by Jourdan.
Previously unsampled drill c ore returned results including 0.80m @ 0.63% Li2O in hole
VAL11-12, 0.25m @ 0.59% Li2O in hole VAL11 -14, and 1.30m @ 1.53% Li2O, 2.05m @
0.67% Li2O as well as 1.65m @0.93% Li2O all in hole VAL11-19.
Map 1 Plan with 2011 Hole Locations and Quebec Lithium Mine Pit Plan and Mineralized Zones
Link to Map 1 : https://goo.gl/1xfhtF
Highlights in the 2011 drilling include: 6.95m @ 0.88% Li2O in holes VAL11 -20,
5.00m @ 0.85% Li2O in hole VAL11 -11, 5.50m @ 1.19% Li2O in holes VAL11 -20,
5.80m @ 1.08% Li2O, 5.42m @ 0.81% Li2O in hole VAL11 -17, 4.63m @ 1.03% Li2O in
hole VAL11-17, 6.33m @0.86% Li2O, 6.84m @0.64% Li2O.
. Table 1: 2011-2017 Significant Drilling/Sampling Results
Hole From
(m)
To (m) Length (m) Grade Li2O%
VAL11-07 78.00 80.01 2.01 0.47
including 78.80 79.51 0.71 1.02
115.50 117.19 1.69 0.69
128.78 130.75 1.97 0.19
including 129.29 130.25 0.96 0.58
180.00 186.84 6.84 0.64
including 185.00 185.50 0.50 1.46
VAL11-08 13.75 15.60 1.85 0.70
including 14.25 15.10 0.85 1.28
54.54 55.53 0.99 1.54
VAL11-09 121.57 122.40 0.83 0.89
VAL11-10 149.75 150.19 0.44 0.66
158.00 161.00 3.00 0.82
171.00 173.00 2.00 0.67
VAL11-11 163.00 168.00 5.00 0.85
including 165.35 167.20 1.85 1.49
VAL11-12 208.10 208.90 0.80 0.63 *
VAL11-13 78.00 80.90 2.90 0.77
including 79.03 80.25 1.22 1.43
88.76 95.09 6.33 0.86
including 89.16 93.12 3.96 1.14
137.98 139.18 1.20 1.07
148.06 149.11 1.05 0.69
VAL11-14 51.45 51.70 0.25 0.59 *
64.13 65.40 1.27 0.82
153.47 157.02 3.55 0.61
including 155.33 157.02 1.69 1.00
VAL11-15 54.20 57.08 2.88 0.97
including 54.20 55.50 1.30 1.26
VAL11-16 106.37 107.50 1.13 0.51
VAL11-17 101.50 102.90 1.40 0.48
including 102.05 102.40 0.35 0.95
109.37 114.00 4.63 1.03
including 110.82 113.45 2.63 1.53
179.00 184.42 5.42 0.81
including 179.53 182.10 2.57 1.20
VAL11-18 70.88 71.38 0.50 0.56
80.43 81.27 0.84 1.01
84.00 89.80 5.80 1.08
including 84.96 88.00 3.04 1.22
198.00 202.00 4.00 0.65
including 200.00 202.00 2.00 0.88
VAL11-19 38.80 40.10 1.30 1.53 *
79.40 81.45 2.05 0.67 *
85.20 86.85 1.65 0.93 *
VAL11-20 37.10 39.00 1.90 1.32
44.00 45.00 1.00 1.41
78.50 84.00 5.50 1.19
including 79.17 83.22 4.05 1.51
including 82.37 83.22 0.85 2.68
153.00 162.00 9.00 0.79
including 153.55 160.50 6.95 0.88
and 153.55 155.50 1.95 1.24
and 159.50 160.50 1.00 1.25
VAL11-21 136.00 140.31 4.31 1.05
including 136.50 139.30 2.80 1.42
*denotes 2017 analysis of previously unsampled core
Map 2 Detail Plan of 2011 Drilling with Hole Traces and Vertical Section Locations
Link to Map 2 : https://goo.gl/JqS43N
“I am very pleased with the grades encountered east of the Quebec Lithium Mine on
Jourdan’s 100% controlled Vallee Lithium property. All results are within 2000m of the
open pit plan of the Qu ebec L ithium Mine, and projecting the zones from the Mine on
surface towrads the Vallee Lithium property suggest that additional targets exist south of
the significant mineralization identified to date on the property” states Michael Dehn, CEO
of Jourdan.
Section 1 Vertical Cross Section #3 and Plan showing 2011 drilling with assay results, geology, and significant intersections
Link to Section 1 : https://goo.gl/N3KME3
Highlight from the 1955 drilling program include 4.88m @ 2.97% Li2O in hole VS-12,
4.06m @ 2.00% Li 2O in hole VS -12, 3.97m @ 2.80% Li2O in hole VS -10, 2.59m @
1.61% Li2O in hole VS-6 and 1.68m @ 1.44% LiO2 in hole VS-7.
Although there were few assay results from the 1955 drill program, the results were very
significant, with some wide zones and high grades of spodumene. Holes without assays
also provided important geological descriptions of mineralization, as well as areas that the
drill was unable to reach bedrock. Map 3 provides the location of the holes dr illed in 1955
as well as the location of the 1952, 1953 and 2011 drill hole location.
Table 2: 1955 Drilling Results
From
(feet)
To
(feet)
Length
(feet)
Grade Li2O% or visual spodumene
description
VS-1A (1955) 542.00 542.50 0.50 1.08
VS-1 (1955) 720.50 723.50 3.00 1.36
VS-2 (1955) 307.00 315.00 8.00 some spodumene
VS-3 (1955) 195.00 202.00 7.00 minor spodumene
VS-4 (1955) 0.00 170.00 170.00 Overburden - Abandoned
VS-5 (1955) 383.50 384.50 1.00 some spodumene
545.50 548.00 2.50 minor spodumene
552.00 555.00 3.00 fair spodumene (8%)
VS-6 (1955) 457.50 466.00 8.50 1.61
VS-7 (1955) 739.50 745.00 5.50 1.44
VS-8 (1955) 0.00 134.00 134.00 Overburden - Abandoned
VS-9 (1955) 607.00 627.00 20.00 0.09
VS-10 (1955) 588.00 601.00 13.00 2.80
VS-11 (1955) 0.00 125.00 125.00 Overburden - Abandoned
VS-12 (1955) 200.50 213.80 13.30 2.00
218.20 234.20 16.00 2.97
VS-13 (1955) 0.00 84.00 84.00 Overburden - Abandoned
VS-14 (1955) 233.50 236.70 3.20 1.68
VS-15 (1955) 299.50 311.00 3.50 0.56
Highlights from the 1952-53 drilling program include 11.29m @ 15-20% Spodumene
in hole S-15, 3.17m @ 50% Spodumene in hole SB-33, 2.99m @ 15% Spodumene as
well as Lepidolite in hole SB-50, and 2.81m @ 20% Spodumene in hole SB-52.
There where no assays provided with the logs for the 1952 and 1953 drill holes, but the
descriptions and visual identification of spodumene, often with a visual percent of
spodumene in the core over a length gives strong indication of lithium mineralizatio n.
Additionally, the identification of lepidolite in one hole demonstrates that lithium is present
not only in spodumene but in lepidolite as well.
Table 3: 1952-1953 Drilling Results
From
(feet)
To
(feet)
Length
(feet)
Visual Spodumene (%) or comment
S-15 (1952) 3.40 40.40 37.00 15-20
57.70 60.40 2.70 15-20
SB-20 (1953) 75.30 78.70 3.40 5-10
155.50 166.50 11.00 1" to 2" long crystals
173.20 176.80 3.60 1" to 2" long crystals
SB-21 (1953) 220.30 235.50 15.20 Coarse Spodumene
SB-22 (1953) 66.70 69.90 3.20 Spodumene Needles
150.40 163.00 12.60 1/8 to 1/4" wide, 1 to 2.5" long
crystals
166.90 169.50 2.60 1/8 to 1/4" wide, 1 to 2.5" long
crystals
SB-32 (1953) 76.00 78.20 2.20 long acicular elongate crystals
106.70 126.20 19.50 traces of spodumene
158.60 171.30 12.70 uniform distribution
SB-33 (1953) 212.00 222.40 10.40 50
SB-34 (1953) 116.00 152.00 36.00 very poor to very good
SB-35 (1953) 171.00 217.00 46.00 abundant 171-215, poor 215-217
229.30 237.80 8.50 mostly coarse grained
242.80 253.00 10.20 fine grained, uniform, and abundant
265.30 267.60 2.30 fine grained, uniform, and abundant
268.40 273.00 4.60 fine grained, uniform, and fair
SB-36 (1953) 86.90 114.30 27.40 uniform and abundant - visual
estimate 1.2% Li2O
SB-37 (1953) 210.30 212.00 1.70 poor to rich
SB-38 (1953) 123.70 125.20 1.50 good fine light green
202.00 202.70 0.70 Spodumene
251.20 262.40 11.20 10
266.00 267.10 1.10 3
SB-39 (1953) 0.00 54.00 54.00 Overburden - Abandoned
SB-40 (1953) 286.60 290.30 3.70 unusual medium grained
296.60 307.10 10.50 medium to coarse grained
SB-41 (1953) 205.50 206.30 0.80 traces of spodumene
276.60 285.50 8.90 traces for a few inches on both walls
SB-42 (1953) 355.30 357.50 2.20 fair amount
365.30 372.50 7.20 coarse pale crystals
381.60 386.00 4.40 fair amount fine grained
387.00 389.70 2.70 Trace
423.70 426.40 2.70 Fair
447.50 448.90 1.40 Fair
SB-43 (1953) 0.00 55.00 55.00 Overburden - Abandoned
SB-44 (1953) 172.50 174.20 1.70 fair amount
192.90 193.30 0.40 fair amount
215.70 227.60 11.90 coarse, fair amount
330.90 331.80 0.90 coarse, rich
355.70 358.30 2.60 coarse, elongate
398.10 399.90 1.80 Trace
SB-45 (1953) 52.00 63.60 11.60 coarse and fine crystals
188.90 189.70 0.80 Trace
SB-46 (1953) No Spodumene
Noted
SB-50 (1953) 282.20 285.30 3.10 13
298.90 300.40 1.50 15
302.20 312.00 9.80 15% spodumene as well as some
lepidolite
SB-52 (1953) 322.60 324.60 2.00 5
381.50 390.70 9.20 20
SB-56 (1953) 93.30 96.50 3.20 Trace
116.30 121.40 5.10 5
143.20 144.70 1.50 trace
Map 3 Plan of all drill holes to date on the Vallee Lithium Property (as well as a few on the Quebec Lithium Mine Property)
Link to Map 3 : https://goo.gl/c7PtKg
All new 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.
Dev. 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 compan y trading under
the symbol JOR on the TSX Venture and 2JR1 on the Frankfurt and Stuttgart Stock
Exchanges. 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
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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
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