Jourdan Resources Completes Blast at Vallee Lithium and Sampling to Make Concentrate FOR Customer Validation
NEWS RELEASE
JOURDAN RESOURCES COMPLETES BLAST AT VALLEE LITHIUM AND
SAMPLING TO MAKE CONCENTRATE FOR CUSTOMER VALIDATION
Mississauga (Canada), July 17, 2018: JOURDAN RESOURCES INC. (the “Corporation”)
(TSX-V: JOR, Stuttgart: 2JR1 ) has extracted 50 tonnes of spodumene rich material from
its 100% owed Vallee Lithium Project adjacent to North American Lithium’s producing
Quebec Lithium Mine. This material has now been crushed to minus ¾ inch and awaiting
shipment to Process Research Ortech (“PRO”) in Mississauga, Ontario.
Magnor Exploration Inc. managed all aspects of the sample collection and preparation.
Samples are ready for shipment in 1 tonne sack to PRO in Mississauga where they will be
upgraded by flotation to make a concentrate. Previous work by PRO on drill core samples
from the Vallee Lithium Project returned a concentrate of more than 5% Li2O (previously
released on November 6, 2014).
“We are very please at the visual appearance of the blast material and have seen
spodumene rich material ranging from 10% to 70% visually in the rock. Once all the
crushed material has been concentrated by PRO and customers have the opportunity to
complete their own evaluation of the spodumene concentrate, we expect to be able to
demonstrate that our own rock is on par with the concentrate produced by Canada’s only
lithium mine, North American Lithium’s Quebec Lithium Mine ,” states Jourdan’s CEO
Michael Dehn.
The current phase of field work should be completed shortly, and an exploration update
will be issued with the Company’s findings while we await assay results.
Photos and videos of the blast area and crushing will be available on The Company’s
website.
Roger Ouellet, P. Geo., and Jean-Paul Barrette P. Geo, both Qualified Persons as defined
by NI 43-101, have reviewed, and approved the technical information in this press release.
Both were also present in the field at during the sample collection.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under
the symbol JOR o n 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 in lithium. The company’s properties are primarily in
spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s
RESOURCES
RESSOURCES
producing Quebec Lithium Mine.
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 i nformation 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
constitute forward-looking information (collectively "forward-looking information") within the
meaning of Canadian securities laws. Forward -looking information may be identified by
terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe",
"intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions
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 financing, receipt of approvals, satisfaction of closing conditions and any and all
other 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 devel opment
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 ma terial 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 ass umptions to be reasonable based on information currently
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 disclose d in other public Jourdan Resources filings, changes 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 Company 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.com. 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 fili ngs.
Other than as required by law, Jourdan Resources 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 prop erties 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 id entified, 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 statements.”