Jourdan Intersects 1.23% Li₂O over 4.15 m at Vallée

Rhea-AI Summary

Jourdan Resources Inc. announced the second set of assay results from its summer/fall 2022 drilling campaign at the Vallée Lithium Project in Quebec. The results include high-grade lithium concentrations exceeding 1.0% Li2O in four out of nine drill holes. Notably, hole VAL22-7-4 recorded 1.23% Li2O over 4.15 m. The drilling program, comprising 32 holes and totaling 6,585 m, aims to extend the known spodumene-bearing pegmatite swarm. The company expects more results soon, which will be critical in updating their geological model and establishing an initial mineral resource estimate at Vallée.

Positive

• High-grade lithium concentrations exceeding 1.0% Li2O found in four drill holes.
• Results from 19 of 32 holes received, indicating promising drilling progress.
• Anticipation of further assay results to enhance geological understanding.

Negative

• None.

TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF; FRA: 2JR1) (“Jourdan” or the “Company“) is pleased to publish the second set of assay results of its summer/fall 2022 drilling campaign on its flagship Vallée Lithium Project, located 35 km north of Val-d’Or in Quebec, Canada. This set of assay results is from 9 holes and follows the results of 10 holes published in the Company’s news release dated January 18, 2023. Results from 13 additional drill holes are expected in the coming weeks.

Four of the nine holes reported in the second set of assays encountered high-grade lithium concentrations exceeding 1.0% Li₂O, including hole VAL22-7-4 that intersected 1.23% Li₂O over 4.15 m from 152.85 to 157.00 m, as shown in Table 1 below.

Table 1 – Highlights from the Second Set of Assay Results

Drill hole	From (m)	To (m)	Length	LiO2 %
VAL22-7-1	109.1	110.3	1.2	1.02
VAL22-8-1	90.7	93.7	3	1.49
VAL22-7-3	192.3	194.3	2	1.02
VAL22-7-4	152.85	157	4.15	1.23

^{*drill core width only, does not represent true width}

The 2022 summer/fall drill program consisted of 32 holes totaling 6,585 m. With these results, the Company has now received assays from 19 of these 32 holes, and awaits assay results from the final 13 holes, expected in the coming weeks.

The 2022 summer/fall drilling program was conducted to the east of the Company’s previous drill programs and targeted the eastern and southeastern extension of the known spodumene-bearing pegmatite swarm. 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 mineral resource estimate at the Vallée property.

The results of the 2022 summer drilling campaign have confirmed the presence of a new spodumene-bearing pegmatite swarm on the Vallée property. The Company believes that this previously underexplored eastern extension has not been exposed by the North American Lithium mine to the west of Vallée (see Fig. 1).

“Once more we can demonstrate the easterly extent of our pegmatites with significant thicknesses and grades well above 1% Li₂O,” said Dr. Andy Rompel, executive chairman of Jourdan, “and we are keenly anticipating more drillhole assay results from even farther east within our flagship Vallée project to increase the geological continuity there.”

“This latest drilling program has brought us closer to establishing an initial mineral resource estimate at our Vallée property. Vallée sits immediately east of North American Lithium’s lithium mine, which we have been advised is expected to enter into production in April of this year. There is significant mining activity in the Vallée area, and Jourdan continues to remain optimistic about becoming a key lithium player in the region,” said Rene Bharti, Chief Executive Officer of Jourdan.

The drill program was conducted by Forage LaMontagne Fortier from Rouyn-Noranda, Québec, under the supervision of Alex Belobordov Géologue Inc. (ABG Exploration) of Laval, Quebec.

All samples from the new drill program have been sent to Impact Global Solutions Inc.’s laboratory in Delson, Québec (“IGS”) for analysis by sodium peroxide fusion and ICP finish. This laboratory is recognized by the industry and accredited ISO/MEC 17025 by the Standards Council of Canada. In addition to the quality assurance and quality controls (“QA/QC”) employed by IGS, Jourdan developed a rigorous QA/QC protocol for its operators, including the insertion of analytical standard samples, duplicates and coarse silica blanks on a systematic basis.

Figure 1: The Vallée property is immediately east of the North American Lithium mine. This figure depicts the 2011, 2021 and 2022 completed drillholes with a total of 79 drillholes since 2011.
https://www.globenewswire.com/NewsRoom/AttachmentNg/cdb0a7f0-73d5-4afe-83fb-3eac1ecfd538

The Company’s now completed diamond drilling program of 6,585 m 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 Vallée 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 Vallée property eastwards.

Figure 2: The location of the Vallée property and recent Jourdan drill holes relative to Sayona’s North American Lithium mine near Amos, Quebec.
https://www.globenewswire.com/NewsRoom/AttachmentNg/2f0c6d94-08ed-4c46-986e-2cb09bfd5e02

Table 2 – Detailed Assay Results:

Drill hole	From (m)	To (m)	Length	LiO2 %
VAL22-5-8**	no significant results
VAL22-7-1	109.1	110.3	1.2	1.02
VAL22-7-1	202.05	202.35	0.3	1.27
VAL22-7-2	no significant results
VAL22-7-3	192.3	194.3	2	1.02
VAL22-7-4	152.85	157	4.15	1.23
VAL22-7-4	197.25	202.15	4.9	1.01
VAL22-8-1	90.7	93.7	3	1.49
VAL22-8-3	no significant results
VAL22-8-4	189.65	192.65	3	0.69
VAL22-8-5	89	102.6	13.6	0.50

^{* drill core width only, does not represent true width
** Sections of drill hole VAL22-5-8 extended onto mining claims that the Company previously sold to North American Lithium. For more information about the disposition, please see the Company’s press release dated November 14, 2022, which is available under the Company’s SEDAR profile at www.sedar.com.}

Drillhole No.	Easting	Northing	Azimuth	Dip	Depth
VAL22-5-6	294098	5365298	40	-55	204
VAL22-5-7	294101	5365429	40	-55	201
VAL22-5-8	294108	5365528	40	-55	201
VAL22-6-1	294161	5364911	200	-55	201
VAL22-6-2	294161	5364911	20	-55	234
VAL22-6-3	294169	5365060	40	-55	201
VAL22-6-4	294182	5365137	40	-55	201
VAL22-6-5	294193	5365215	40	-55	201
VAL22-6-6	294197	5365297	40	-55	210
VAL22-6-7	294198	5365425	40	-55	219
VAL22-6-8	294209	5365539	40	-55	201
VAL22-7-1	294278	5364770	40	-55	204
VAL22-7-2	294301	5364990	40	-55	210
VAL22-7-3	294320	5365087	40	-55	204
VAL22-7-4	294318	5365176	40	-55	210
VAL22-7-5	294326	5365262	40	-55	201
VAL22-7-6	294345	5365387	40	-55	201
VAL22-8-1	294391	5364808	40	-55	201
VAL22-8-2	294404	5364880	40	-55	201
VAL22-8-3	294403	5364984	40	-55	201
VAL22-8-4	294406	5365078	40	-55	216
VAL22-8-5	294413	5365171	40	-55	237
VAL22-8-6	294427	5365250	40	-55	201
VAL22-8-7	294425	5365344	40	-55	201
VAL22-9-1	294520	5364752	40	-55	198
VAL22-9-2	294528	5364990	40	-55	201
VAL22-9-3	294519	5365090	40	-55	201
VAL22-9-4	294529	5365188	40	-55	201
VAL22-10-1	294605	5364641	40	-55	201
VAL22-10-2	294609	5364749	40	-55	210
VAL22-10-3	294615	5364849	40	-55	210
VAL22-10-4	294621	5364945	40	-55	201
UTM 18			Total		6,585

Table 3: Drill hole locations (NAD83, Zone 18).

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 Quebec Lithium Mine.

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

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 Company’s summer 2022 drill program, including in respect of the anticipated additional assay results and management’s expectations that they will extend the known deposit, North American Lithium’s ability to commence production at its adjacent Quebec Lithium Mine, and the ability of the Company to update its geological model and establish an initial mineral resource estimate at its properties, become a key lithium player in the greater Vallée area, and 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, 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 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 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.

FAQ

What are the latest assay results from Jourdan Resources' Vallée Lithium Project?

Jourdan Resources reported high-grade lithium concentrations exceeding 1.0% Li2O in four out of nine drill holes from their recent drilling campaign.

What is the significance of the recent drilling program for JORFF?

The drilling program is designed to extend the known spodumene-bearing pegmatite swarm, which is crucial for establishing an initial mineral resource estimate.

When can we expect more results from Jourdan Resources' drilling campaign?

Jourdan Resources anticipates receiving results from the remaining 13 drill holes in the coming weeks.

How deep was the drilling conducted in the Vallée Lithium Project?

The summer/fall drilling program totaled 6,585 meters across 32 drill holes.

What is the potential impact of the drill results on the company's future?

The high-grade lithium findings could position Jourdan Resources as a key player in the lithium market, especially given proximity to an upcoming production mine.