Jourdan Provides Drilling Program Update All sixteen holes of its 2022 winter drilling campaign have intersected the new spodumene-bearing pegmatite swarm. Two extra holes added on the 2022 program for a total of 18 drillholes (3,600m).
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 1
Jourdan Provides Drilling Program Update
All sixteen holes of its 2022 winter drilling campaign have intersected the new spodumene-bearing pegmatite
swarm. Two extra holes added on the 2022 program for a total of 18 drillholes (3,600m).
May 17, 2022
TORONTO (Canada) - JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORFF, FRA:2JR1) (“Jourdan” or the
“Company“) is pleased to announce that all of its sixteen (16) drill holes of its 2022 winter drilling campaign
have intersected the new spodumene-bearing pegmatite swarm on its Vallée property at a previously
underexplored eastern extension, which had not been exposed by the North American Lithium mine to the
west of Vallée (see Fig. 1).
Following the press release dated March 24, 2022, Jourdan has again expanded its 2022 winter drilling
campaign by adding 2 new drillholes (VAL22 -5-4 and VAL22 -5-5) to the already permitted line of eight
drillholes of 200m each, extending the lines 3, 4 and 5 to the north, south, and east (see Fig. 1).
Following its drilling success es Jourdan has added a second drill and two extra holes to expand the
spodumene-bearing pegmatite deposit size to the east to help the Company establish an initial resource
estimate.
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 planned drillholes. All eight first drillholes (in blue) from phase 1 of 2022
intersected the li -bearing, spodumen-rich pegmatite swarm. Holes in green (phase 2 of 2022)
represent the ten additional drillholes that the Company has added after completing phase 1 of
its winter 2022 drilling campaign. Holes in red represent the eight drillholes that the Company
drilled during its 2021 drilling campaign (that also all intersected the li-bearing pegmatite swarm).
Drillhole Description*
VAL22-3-7 2 interceptions of 1 to 3 m spodumene bearing
pegmatite dyke.
VAL22-4-7 2 interceptions of 1 to 2m spodumene bearing
pegmatite dyke.
* Drill core width only, does not represent true width.
Rene Bharti, CEO of Jourdan, stated, “We are very excited that the drill program continues to find new
spodumene-bearing intersections in new zones. The success of the drill program, coupled with the work
underway to build our initial resource estimate in the coming months, is anticipated to bring us one step
closer to achieving our goal of becoming Quebec’s next lithium producer.”
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Jourdan is significantly enlarging its database by adding more drillholes since the start of the exploration
work in 2011. The 2011 drilling comprised 21 drillholes (4,256m), the 2021 campaign consisted of eight
drillholes (1,680m) and with the planned 3,600m round of drilling in 2022, Jourdan is on track to having
more than 9,400m (47 holes) of core that the Company intends to use in the future to establish an initial
mineral resource estimate.
Figure 2: Forage Hebert Drill.
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
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
TSXV: JOR | OTCQB: JORFF | FRA: 2JR1 4
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-looking information includes, but is not limited to, statements with respect to the Company’s winter 2022 drill program,
including its scope and the Company’s expectation that it will continue to extend the known deposit at its Vallée property, f uture
drill programs of the Company, and the ability of the Company to establish an initialmineral resource estimate at its properties ,
begin production, 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 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, leve l 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 diffe r 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. 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.