Category: News

June 13, 2018

Jordan Resources Announces AGM Results And Stock Option Grants

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Mississauga (Canada), June 13, 2018: JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V NEX: JOR.H) is pleased to announce that its shareholders (the “Shareholders”) have voted today at the annual and special meeting of Shareholders (the “Meeting”) in favour of all matters put to Shareholders at the Meeting.

In addition, the board of directors of the Corporation granted 2,450,000 incentive stock options to directors, officers and consultants of the Corporation, subject to TSX Venture Exchange approval. The options will have a term of 5 years, expiring on June 12, 2023. Each option will allow the holder to purchase one common share (each a “Share“) in the Corporation at a price of $0.08. All options issued will be subject to a four month hold.

Lastly, further to its June 12, 2018 press release, the Corporation omitted to mention that a $750 finder was paid pursuant to the Offering, and inadvertently indicated that it issued 8,870,000 FT Shares instead of 8,870,000 flow-through units (each a “FT Unit“) of the Corporation at a price of $0.075 per FT Unit. Each FT Unit consisted of one common shares issued on a “CEE flow-through” basis pursuant to the Income Tax Act (Canada) and one Share purchase warrant (a “Warrant“). Each Warrant will entitle the holder to acquire one Share at an exercise price of $0.10 per Share until June 12, 2020.

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 in lithium. The company’s properties are primarily in spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s 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

michael@jourdanresources.com

 

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.

June 12, 2018

Jourdan Resources holds AGM and announces closing of first tranche of non-brokered private placement

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Mississauga (Canada), June 12, 2018: JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V NEX: JOR.H) is looking forward to meet shareholders at its annual and special meeting of shareholder being held today at 65 Queen Street West, Suite 805, Toronto, Ontario Canada M5H 2M5 at 9:00 a.m. (Eastern Standard Time).

Jourdan is also pleased to announce that further to its press release dated March 1, 2018 and subject to receiving final regulatory approvals, it has closed the first tranche of its previously announced non-brokered private placement (the “Offering”) by issuing 12,313,332 units (each a “Unit”) of the Corporation at a price of $0.06 per Unit; and 8,870,000 common shares (each a “Share”) of the Corporation issued on a “CEE flow-through” basis pursuant to the Income Tax Act (Canada) (each a “FT Share”) at a price of $0.075 per FT Share, for aggregate gross proceeds of $1,404,049.92 (the “First Tranche”).

Each Unit consists of one Share and one Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one Share at an exercise price of $0.10 per Share on that date that is 24 months from the issuance closing date.

The Corporation intends to use the net proceeds of the Offering to fund exploration expenditures on its portfolio of mineral properties and for general working capital.

Related Party Transaction

A portion of the First Tranche constituted a “related party transaction” as set out in Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions (“MI 61-101”) as Michael Dehn, President, CEO and director of the Corporation, has been issued through Avanti Management & Consulting Limited, under the Offering 1,000,000 Units. Accordingly, the part of the First Tranche constituted to that extent a “related party transaction” under MI 61-101. The transaction is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of any securities issued to or the consideration paid by such persons exceeds 25% of the Corporation’s market capitalization. The Corporation did not file a material change report more than 21 days before the closing of the First Tranche as it wished to close on an expedited basis for sound business reasons and did not know when the transaction would be completed.

 

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 in lithium. The company’s properties are primarily in spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s 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

michael@jourdanresources.com

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.

June 6, 2018

Jourdan Resources Update On Private Placements And Further Disclosure On Acquisition Of The Rome Lithium Property

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Mississauga (Canada), June 6, 2018: JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V NEX: JOR.H) is pleased to announce that, further to its March 1, 2018 press release, a first tranche of the Offering will be closed on June 11, 2018.

In preparation of the upcoming shareholders meeting, schedule for June 12, 2018, the Corporation is also pleased to provide additional information on the previously announced non-arm’s length assignment agreement (the “Agreement”) made effective August 9, 2017, with Fairmont Resources Inc. (“Fairmont”) and Frédéric Bergeron (“FB”), wherein Fairmont agreed to assign and transfer its interest in an option agreement (the “Option”) to acquire 100% of all right, title and interest in the Rome Lithium property (the “Property”), subject to 2% production royalty in favor of FB of which 1% can be redeemed by the Corporation for a cash payment of $1,000,000, to the Corporation, and the Corporation agreed to purchase such Option from Fairmont on the terms and conditions set forth in the Agreement (the “Acquisition”).

The consideration payable by the Corporation in order to acquire the Option, in addition to the $25,000 already paid pursuant to the right of first refusal agreement between the Corporation and Fairmont dated June 22, 2017, consists of a payment of $50,000 in cash, 1,500,000 common shares of the Corporation (each a “Share”) and a 2% net smelter return royalty of which 1% can be redeemed by the Corporation for a cash payment of $1,000,000. In addition, the Corporation is required to incur an aggregate of $150,000 in work expenditure on the Property; on or before June 10, 2019. The Corporation would have 37,723,112 Shares issued and outstanding after the issuance of the 1,500,000 Shares upon closing of the Acquisition.

The policies of the TSX Venture Exchange (the “Exchange”) requires that the Acquisition be approved by the disinterested shareholders of Corporation pursuant to section 5.7(k) of Exchange Policy 5.3 (“Policy 5.3”) as it is a non-arm’s length transaction without satisfactory evidence of value, and accordingly the 3,977,080 common share of the Corporation, beneficially own or controlled by Mr. Michael Dehn, who was president, CEO and director of the Corporation and Fairmont when the Agreement was entered into, representing 11.1% of the issued and outstanding Shares, will be excluded from the shareholders’ approval resolution.

Lastly, further to the Corporation’s August 14, 2017 press release as well as its MD&As for the period ending June 30, 2017, September 30, 2017, December 31, 2017, and March 31, 2018 disclosing the mineral resource estimate for the adjacent North American Lithium Mine, the Corporation inadvertently reported the resource estimate using the 0.6% Li2O cut-off grade where the resource estimate prepared by the QP reports the 0.8% Li2O cut-off grade as the “preferred” and bolded cut-off grade.

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 in lithium. The company’s properties are primarily in spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s 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

michael@jourdanresources.com

 

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.

March 4, 2018

Jordan Resources Expects Global Interest with China’s CATL Battery’s $66 million Investment In North American Lithium

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Mississauga (Canada), March 4, 2018: JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V : JOR, Stuttgart: 2JR1) is pleased congratulate James Xiang and his team at North American Lithium for attracting the investment from the largest Chinese automotive battery manufacturer CATL Battery. On March 3, Jilin Jien Nickel Co. Ltd., announced the investment by CATL into North American Lithium, of $50 million in new equity and $16 million in convertible debt. North American Lithium’s Quebec Lithium Mine is the only currently producing lithium mine in Canada.

Jourdan Resources welcomes China’s CATL Battery’s (commonly referred to as China’s “Tesla”) $66 million investment into North American Lithium. Jourdan has a large geologically similar set of claims that virtually surround North American Lithium (see map of September 15, 2017 –  https://goo.gl/RKcCMj )

Livio Filice, global lithium expert comments on the development, “The investment from CATL confirms that large end users of lithium chemicals are still searching to secure lithium supply which is a clear indication that the market will remain tight. Significant Chinese investment continues to be deployed into battery manufacturing capacity to meet emerging demand for electric vehicles and stationary energy storage applications. It is critical for these manufacturers to secure supply for these assets to ensure a successful ramp-up over the next years. It is in my opinion, that Jourdan Resources is well positioned to benefit from growing foreign investment interest into the region. The CATL investment now places Jourdan Resources on the global stage as their land packages straddle that of North American Lithium.”

CATL Battery is in the process of completing and initial public offering that would see it raise $2 billion and have an initial valuation of $20 billion. CATL is working with both BMW and VW in Germany on electric car batteries, systems, and new technology.

Michael Dehn, President and CEO of Jourdan Resources states “Quebec’s lithium endowment has just received a huge endorsement from the investment by CATL Battery. Jourdan’s location around North American Lithium and in the La Corne intrusive are attractive targets for new lithium deposits as well as extensions to the open pit of the Quebec Lithium Mine to east and west where mineralization extends onto Jourdan’s West Lithium and Vallee Lithium Properties.”

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 in lithium. The company’s properties are primarily in spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s 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

michael@jourdanresources.com

 

 

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including any information 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 development 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 material 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 assumptions 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 disclosed 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 filings. 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 properties 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 identified, 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.”Jordan Resources Expects Global Interest with China’s CATL Battery’s $66 million Investment In North American Lithium

March 1, 2018

Jordan Resources Announces Private Placement Of Flow-Through And Non-Flow-Through Units

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JORDAN RESOURCES ANNOUNCES PRIVATE PLACEMENT OF FLOW-THROUGH AND NON-FLOW-THROUGH UNITS

Mississauga (Canada), March 1, 2018: JOURDAN RESOURCES INC. (the “Corporation”) (TSX-V : JOR, Stuttgart: 2JR1) is pleased to announce a private placement (the “Offering”) comprised of: (i) up to 16,666,666 flow-through units (each a “FT Unit”) at a price of $0.075 per FT Unit, consisting of one common share (a “Share”) of the Corporation to be issued on a “flow-through basis” and one-half of one Share purchase warrant (each whole, a “Warrant”); and (ii) up to 12,500,000 non-flow-through units (each a “Unit”) at a price of $0.06 per Unit, consisting of one Share and one Warrant. Each Warrant will entitle the holder to purchase one Share at $0.10 per Share at any time until the close of business on the day which is 24 months from the date of issue of the Warrant.

The Corporation intends to use the gross proceeds of up to $2,000,000 from the Offering to fund exploration expenditures on its portfolio of mineral properties and for general working capital. The Offering will be non-brokered and directors and officers of the Corporation may participate in the Offering.

The securities issuable in connection with the Offering will be subject to a statutory four month and one day hold period. Closing of the Offering is anticipated to occur in early March 2018, and is subject to receipt of acceptance by the TSX Venture Exchange (the “TSX-V”). Finder’s fees may be payable in appropriate circumstances in connection with the Offering, in accordance with the policies of the TSX-V.

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 in lithium. The company’s properties are primarily in spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s 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

michael@jourdanresources.com

 

 

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including any information 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 development 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 material 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 assumptions 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 disclosed 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 filings. 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 properties 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 identified, 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.”

 

February 26, 2018

Jourdan Resources Appoints New Director

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Mississauga (Canada), February 26, 2018: JOURDAN RESOURCES INC. (TSX-V : JOR, Stuttgart: 2JR1) is pleased to announce it has appointed Rene Bharti as Director and new Chairman of the Company, subject to TSX Venture approval. Mr. Bharti has over 20 years of business experience and has held several key roles in both public and private companies, including those in the resource, technology, and the entertainment industry. Mr Bharti was the former Vice President of business development for Avion Resources, a gold company in Mali that was successfully sold to Endeavour Resources. Mr. Bharti also co-founded ARHT Media Inc., with legendary singer Paul Anka to bring the creation of digital celebrities and the world’s best holograms to the live stage. Mr. Rene Bharti holds a B.Comm (Honours) from Queen’s University. He also serves as a Director of other public and private companies.

“I am excited to join the board as chairman of Jourdan Resources . The lithium market, I believe is one that has considerable long-term value. I look forward to working with the strong team at Jourdan to help unlock its potential” states Mr. Bharti.

The company would like to thank Harvey McKenzie for his service to the company, who has resigned as a director to focus on other opportunities and wish Mr. Mckenzie the best of success with his new project.

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 in lithium. The company’s properties are primarily in spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s 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

michael@jourdanresources.com

 

 

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including any information 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 development 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 material 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 assumptions 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 disclosed 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 filings. 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 properties 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 identified, 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 statement.

October 2, 2017

Jourdan Identifies Significant Lithium Mineralization on Vallee Lithium Property due east of North American Lithium’s Producing Mine

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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 corridor 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 hole VAL11-19.

The compilation and interpretation, relogging, sampling and surface investigation 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 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 core 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

 

 

 

 

 

 

 

 

Lnk 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 Quebec Lithium 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% Li2O 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 drilled 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 mineralization. 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 company 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

michael@jourdanresources.com

 

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including any information 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 development 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 material 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 assumptions 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 disclosed 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 filings. 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 properties 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 identified, 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 statement.

September 15, 2017

Jourdan Discovers Lithium Mineralization on Property Adjacent to North American Lithium’s Producing Mine

Download the PDF

Successfully hit on 75% of targets on recently acquired properties

 

Mississauga, Ontario, September 15, 2017:  JOURDAN RESOURCES INC. (TSX-V : JOR, Stuttgart: 2JR1) (“Jourdan” or the “Company“) is pleased to announce the results from a 1500 metre drill program completed on the Preissac-Lacorne Lithium Portfolio, optioned from Alix Resources Inc (“Alix”) (TSX-V AIX) and one other claim that is owned by Jourdan.

The centre of the drill program is 1.5km northwest of the adjacent Quebec Lithium Mine owned and operated by North American Lithium. The adjacent mine announced commercial production of spodumene concentrate on June 2, 2017 with production targeted for the Chinese market.

A total of 1500 metres of drilling was completed in 12 drill holes, 11 holes on the Preissac-Lacorne Lithium Portfolio, and one hole (WL17-12) on claims owned 100% by Jourdan Resources. (see Map 1 for drill hole locations).

 

 

Link to Map 1 : https://goo.gl/RKcCMj

Several holes had multiple wide spread mineralized zones up to 140 metres apart within the same drill hole, indicating a wide zone of spodumene bearing pegmatite dykes exists in the area.  Drilling covered a strike length of 750 metres of spodumene bearing pegmatite dykes.

. Table 1: Drilling Results from 2017 Program

Hole From (m) To (m) Length (m) Li2O%
WL17-01 50.70 54.15 3.45 0.18
86.25 87.15 0.90 0.14
WL17-02 NSA
WL17-03 NSA
WL17-04 72.00 73.50 1.50 0.22
78.75 80.15 1.40 0.24
including 78.75 79.75 1.00 0.28
160.00 162.60 2.60 0.19
including 160.50 161.00 0.50 0.49
175.65 176.20 0.55 0.50
WL17-05 11.80 15.20 3.40 0.25
including 11.80 12.35 0.55 0.50
WL17-06 12.80 15.00 2.20 0.43
including 13.40 14.50 1.10 0.76
WL17-07 17.00 29.45 12.45 0.24
including 19.00 21.45 2.45 0.59
including 22.40 24.00 1.60 0.27
including 27.20 28.35 1.15 0.22
WL17-08 30.00 33.10 3.10 0.25
48.65 48.95 0.30 0.78
173.75 174.65 0.90 0.74
WL17-09 49.80 51.65 1.85 0.40
56.20 56.40 0.20 0.33
96.65 97.05 0.40 0.35
WL17-10 14.00 14.70 0.70 0.48
WL17-11 NSA
WL17-12 11.80 12.30 0.50 0.64

 

“These highly encouraging first pass drill results confirm widespread lithium mineralization in the Pressiac-Lacorne Lithium belt. These targets were chosen due to the fact that they were already permitted by Alix and ready to be drilled. The mineralization was present in 9 out of 12 holes and exceeded our expectations. We have now had enough time to carefully select our next targets on the claims west of the North American Lithium’s Quebec Lithium Mine as well as on our Vallee property which borders the North American Lithium’s Quebec Lithium Mine property to the east. The pegmatite dykes appear to be structurally and not stratigraphically controlled and we plan to expand on historical drilling and the success of this drill program to test from mineralization along strike 2 kilometres east and 2 kilometres west of our neighbour’s producing lithium mine” said Michael Dehn, CEO of Jourdan.

All 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 company trading under the symbol JOR on the TSX Venture and 2JR1 on the Stuttgart Stock Exchange. 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

michael@jourdanresources.com