“5:00a ET 11/2/2022 - Globe Newswire
Jourdan Completes Phase 3 of its Summer 2022 Drilling Program
GlobeNewswireNovember 02, 2022
TORONTO, Nov. 02, 2022 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF; FRA:2JR1) ("Jourdan" or the "Company") is pleased to announce the completion of 32 drill holes (6,400m) of its phase 3 summer 2022 drilling campaign on its Vallee property at a previously underexplored eastern extension (see Fig. 1).
The phase 3 diamond drilling was located to the east of the previous phases and aimed at the eastern extension of the known pegmatite swarm with its anticipated lithium-bearing spodumene mineral. The core produced from the drilling is scheduled to be logged, cut, sampled, and then sent to the assay laboratory for its lithium content. The Company intends to use the results of the drilling and assaying to update its geological model and to help the Company establish an initial resource estimate at its Vallee property.
Since starting its drilling program in September 2021, Jourdan has drilled fifty-eight (58) drillholes for a total of 11,600 metres.
Rene Bharti, Jourdan's CEO, stated, "We are extremely proud to have completed a successful third phase of our drilling campaign. We believe that this drilling will be critical for our geological model, which will be the basis of the Company's first initial resource estimate. We see that lithium demand continues to surge, and we believe that establishing such a resource is a critical next step in our goal of becoming a lithium producer in Quebec."
Jourdan's Executive Chairman, Dr. Andreas Rompel, stated, "We have yet again successfully completed another phase of exploration, proving the presence of our well-known lithium-bearing pegmatite swarm even further to the east. Its existence is deeply encouraging, and we intend to continue to pursue exploring the spodumene-rich veins eastwards."
The drill program was conducted by Forage LaMontagne Fortier from Rouyn-Noranda, Quebec, under the supervision of Alex Belo Geologue Inc. (ABG Exploration) of Laval, Quebec and GeoTasks from Sudbury.
The Vallee property is immediately east of the North American Lithium mine. This figure depicts the 2011, 2021 and 2022 completed drillholes with a total of 58 drillholes since 2021.
Figure 1: The Vallee property is immediately east of the North American Lithium mine. This figure depicts the 2011, 2021 and 2022 completed drillholes with a total of 58 drillholes since 2021.
The Company's now completed diamond drilling program of 6,400m was to follow up on the results of a bulk sample collected in 2018 and the fence line drilled in 2011 and 2021 along the western side of the Company's Vallee property, which borders the North American Lithium mine. Management anticipates that results of the drilling program will substantially extend the known deposit at the Company's Vallee property eastwards.
Jourdan has significantly enlarged its database by adding more drillholes since the start of the exploration work in 2011. The 2011 drilling comprised 21 drillholes (4,250m), the 2021 campaign consisted of eight drillholes (1,680m) and with the completed 10,000m in 2022, Jourdan has more than 15,930m (79 holes) of core that the Company intends to use in the future to establish an initial mineral resource estimate.
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: info@jourdaninc.com
Phone: (416) 861-5800
www.jourdaninc.com”
my posts are always theory and not financial advice
