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Jourdan Announces First of Eight Drillhole Assay Results with Li2o Grades

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  • JORFF

TORONTO, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF) (“Jourdan” or the “Company”) is please to publish the first assay results of its September/October 2021 drilling campaign on its flagship Vallée project, which is located 35km north of Val-d’Or in Quebec, Canada. The results are from the first hole VAL21 2-3 and show two distinct zones of pegmatite intersections.

Highlights*:

Drill hole

From (m)

To (m)

Li (ppm)

Li2O (%)

VAL21-2-3

18

19

2629

0.566

VAL21-2-3

23

23.8

3455

0.744

VAL21-2-3

23.8

24.4

3897

0.839

VAL21-2-3

207

208

6313

1.359

*drill core width only, does not represent true width

As mentioned in a press release dated October 15, 2021, the Company has completed its previously announced diamond drilling program, with 1,682 meters of drilling completed in October 2021. The Company has now received the first assay results from the program and awaits further assays from the program in which every hole showed multiple intersections of spodumene-bearing pegmatite. These results are expected in mid to late November 2021.

Jourdan’s Chief Executive Officer, Rene Bharti, commented, “Jourdan continues to prove up the true value of our lithium property with our drill program. With lithium prices at an all-time high, having such positive results from our first drill hole is an obvious next step towards our ambition of establishing a mineral resource and becoming Quebec’s next lithium producer. With so much activity around our large land package, we believe that our properties are located in one of the most prolific regions for future lithium production in Canada.”

“We are excited to report these grades from our first drillhole”, said Dr. Andy Rompel, Executive Chairman of Jourdan, “and we are keenly awaiting the next results for the remaining seven holes. We feel extremely encouraged to continue drilling on our Vallee property to build on what is already known.”

About Jourdan Resources

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.

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.

For more information:

www.jourdaninc.com
Rene Bharti, Chief Executive Officer
Email: info@jourdaninc.com
Phone: (416) 861-5800

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 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 remaining assay results from the Company’s recently completed drilling program and the Company’s ability to complete any future drilling campaigns, to establish a resource at its properties, and to execute its business plan, including its ambition to become Quebec’s next lithium producer. 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, 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 prices of minerals; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ 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.