JOURDAN Adds an Additional 1,256 Metres to Its Initial 3,000 Metres Diamond Drilling Program at the Barraute Lithium Project Adj
June 16 2011 - 9:00AM
Marketwired Canada
JOURDAN RESOURCES INC. (TSX VENTURE:JOR) ("JOURDAN" or the "Company") is pleased
to announce the completion of a diamond drilling program consisting of 4,256.1
metres in 21 holes on the Company's wholly owned Barraute Lithium Project (the
"Project"), more specifically the Vallee Property (the "Property"), that sits
contiguous to the east and south to Canada Lithium Corporation's Quebec Lithium
Project (www.canadalithium.com).
JOURDAN identified a series of spodumene-bearing pegmatites ("Pegmatites") along
the 1.8 km strike of the Property; Pegmatites that are similar to those found on
the adjacent and contiguous Quebec Lithium Project. JOURDAN added an additional
1,256.1 metres in the original 3,000 metres program to test strike and down dip
continuity of these Pegmatites. Drill hole statistics are as follows with
Lithium assays pending on all the drill holes:
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AZIMUTH DIP LENGTH
DDH # LOCATION (degrees) (degrees) (m)
-----------------
EASTING NORTHING
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VAL11-01 293551 5364513 004 -65 177.0
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VAL11-02 293399 5364315 002 -65 209.1
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VAL11-03 293403 5364195 003 -65 174.0
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VAL11-04 293689 5364650 359 -65 231.0
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VAL11-05 294431 5364546 350 -65 180.0
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VAL11-06 293703 5364801 360 -65 186.0
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VAL11-07 293752 5364921 360 -65 210.0
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VAL11-08 293743 5365049 360 -65 183.0
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VAL11-09 294432 5364672 360 -65 192.0
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VAL11-10 294430 5364789 352 -65 206.5
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VAL11-11 293731 5365167 355 -65 184.6
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VAL11-12 294523 5364873 350 -65 309.0
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VAL11-13 293710 5365291 360 -65 198.0
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VAL11-14 294301 5364860 020 -65 210.0
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VAL11-15 293710 5365449 360 -65 179.9
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VAL11-16 294319 5364898 020 -60 159.0
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VAL11-17 293756 5365221 020 -65 201.0
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VAL11-18 294382 5364744 045 -65 240.0
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VAL11-19 293785 5364952 020 -65 197.0
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VAL11-20 294040 5365013 035 -60 180.0
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VAL11-21 294018 5364968 035 -60 249.0
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TOTAL 4,256.1
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The Barraute Lithium Project
The Barraute Lithium Project consists of three properties, Vallee, Lacorne and
Baillarge, JOURDAN believes there is a significant potential to host High
Technology Metals ("HTM's") such as Lithium (usually described as Lithium Oxide
or Li2O), Beryllium (Be), Tantalum (Ta) and the suite of Rare Earth Elements (or
"REE's"), Cesium (Cs), Molybdenum (Mo) and Bismuth (Bi). An additional 2,000
metres is being planned for the Lacorne and Baillarge and/or Vallee properties
based on favourable results.
The Properties are located in the heart of the southern portion of the Abitibi
Greenstone Belt in Quebec, some 100 km northeast of the mining towns of
Rouyn-Noranda, 45 km north of Val-d'Or, 50 km northeast of Malartic home to
Osisko Mining's Canadian-Malartic Deposit, 30 km southeast of Amos. Each of the
Properties already hosts significant lithium mineralization as well as other
HTM's along the northern and central borders of the Preissac-Lacorne Batholith
(the "Batholith").
The High Technology Metals from the Barraute Lithium Project
A total of 32 showings, described by the Ministere des ressources naturelles et
de la faune Quebec (ET-91-09; Boily, 1992) as HTM's are located within a 50 km
radius in the Batholith that also hosts the Properties. These include the past
producing mines of:
-- Quebec Lithium (operated as an underground mine and produced 907,200
tonnes grading 1.40 % Li2O from 1955 to 1965; Canadian Mines Handbook
1983-1984) - currently being explored and developed by Canada Lithium
Corporation and is contiguous to the west with JOURDAN's Vallee
Property.
-- Preissac Moly (operated as an underground mine and produced 2,235,880
tonnes grading 0.19% Mo and 0.03% Bi from 1943 to 1944 and 1962 to 1971;
MRNFQ Report DPV 619.
-- Cadillac Moly (operated as an underground mine and produced 1,761,000
tonnes grading 0.83% Mo, 0.04% Bi and 0.45 g/t Ag from 1965 to 1970;
MRNFQ Report DV-85-08).
-- Lacorne Moly (operated as an underground mine and produced 3,828,844
tonnes grading 0.33% Mo and 0.04% Bi from 1954 to 1972; MRNFQ Report GM
28882) - currently being explored by Romios Gold Resources and is
located 3 km due south of the JOURDAN's Baillarge Lithium Property.
The HTM's are found in spodumene-rich pegmatites. Spodumene (a lithium aluminum
silicate) hosts the bulk of the lithium, accompanied by lepidolite (a potassium
lithium aluminum silicate). The main indicator minerals for spodumene and
lepidolite are white feldspar, silvery muscovite and beryl (a beryllium aluminum
silicate). The presence of lepidolite is an excellent indicator of higher than
normal grades of HTM's, niobium (Nb) and fluorine (F).
Latulippe and Ingham (MRNFQ Report S-023, 1956) studied the lithium occurrences
in the Preissac-Lacorne Batholith (the "Batholith") in the immediate vicinity of
the three Properties. They concluded at the time there were several thousands of
pegmatites in the area, ranging in widths from 30 cm to 50 m in length; one was
identified for 2,500 m in length with many over 300 m in length. Several are
semi-circular and pod shaped lenses, but generally they tend to be straight.
The pegmatites are emplaced in fractures and faults within the Batholith and the
surrounding volcanic within a 1 km to 2 km band north of the Batholith. The
contact between the Batholith and the volcanics plunge northwards at -40
degrees, with structural movements showing a south side moving up and to the
west. The spodumene-rich pegmatites tend to occur along the northern boundary of
the Batholith and the east-southeast trending Manneville Fault, part of the
Porcupine-Destor Deformation Zone (the "PDDF"). The PDDZ is the host of the
major gold deposits of the 75+ million ounce Timmins-Matheson Gold district
located further to the west in Ontario. All of the spodumene-rich pegmatites are
parallel to the Manneville Fault which dips north at 40 degrees to 70 degrees.
This part of the Batholith and volcanics has the highest incidence of
spodumene-rich pegmatites, fractures, brecciation and ductile deformation.
Lithium mineralization on the Barraute Lithium Project
The Vallee Lithium Property consists of 17 claims (703.8 hectares or 7.0 km2) in
Lacorne and Fiedmont Townships (covering Ranges VII to IX, Lots 56 to 62 in
Lacorne and Ranges VII to IX, Lots 1 and 3 in Fiedmont). The Lithium
mineralization was discovered in 1956 and was termed Valley Lithium Showing
(MRNFQ Showing 32C/05-0022), located along the Range line between Ranges VIII
and IX. The spodumene-rich pegmatites intersect the Batholith. Historic drilling
intersected up to return 2.97% Li2O over 4.88 m (DDH#12, as reported in MRNFQ MB
89-29). The Canada Lithium Corporation's Quebec Lithium Project is situated in
Lacorne Township, Range IX, Lots 49 to 61, and sits contiguous to the claim
block.
The Baillarge Lithium Property consists of 12 claims (511.5 hectares or 5.1 km2)
in Lacorne Township (covering Ranges II and III, Lots 5 to 11). The claim block
hosts the Lac Baillarge East Lithium Showing uncovered in 1955 (MRNFQ Showing
32C/05-0035) located south of Baillarge Lake. Three separate mineralized
pegmatites were historically identified, all crosscutting the Batholith and
adjacent sediments. The pegmatites contain spodumene, beryl, molybdenite (a
silvery molybdenum sulphide), columbite-tantalite (a niobium-tantalum
iron-manganese oxide), cleavelandite (a sodium-calcium aluminum silicate) and
holmquistite (a lithium magnesium aluminum silicate). Historic drilling
intersected up to 2.48% Li2O over 2.30 m (as reported in MRNFQ MB 89-29).
Romios Gold Resources (www.romiosgold.com) recently explored the former claims
of Lacorne Molybdenum Mine, contiguous to the south-southwest of JOURDAN's
Baillarge Lithium Property. The Lacorne Molybdenum Mine was operated
intermittently by Molybdia Corporation Limited from 1951 to 1972 as an
underground mine. The historical probable reserves calculated in 1974 were
1,310,000 tonnes grading 0.23 % MoS2 and 0.04 % Bi. The historical probable
reserves are historical and deemed non-compliant to National Instrument ("NI")
43-101 and should not be relied upon. No qualified person has done sufficient
work to classify the historical mineral reserves as current mineral resources
and/or mineral reserves. The mineralization occurs in a swarm of
quartz-pegmatite veins hosted by a large sill or stock of biotite granite. In
the upper levels of the mine it is 426 metres wide, narrowing to about 350
metres at the -228 metres underground level (750 feet). Biotite schists bound
the sill or stock to the north and south and also host sets of veins carrying
molybdenum and bismuth. Drilling completed in 2008 intersected 145.6 m grading
0.070% MoS2, 0.0055% Bi, 0.398 g/t Silver and 0.031% Lithium (RQ-08-08) and
168.30 m grading 0.079% MoS2, 0.0064% Bi, 0.120 g/t Silver and 0.012% Lithium
(RQ-08-15).
The Lacorne Lithium Property consists of 5 claims (245.1 hectares or 2.5 km2) in
Lamotte Township (covering Ranges X, Lots 59 to 63). At least 8 spodumene-rich
pegmatites were uncovered in three closely-spaced sectors, termed the Lacorne
Lithium Showing (MRNFQ Showing 32D/08-0028). In the central sector the pale
green disseminated, 0.5 to 30 cm long spodumene crystals are associated with
metric wide grey quartz stockworks that run parallel to the pegmatites. The
spodumene represents up to 40% of the vein material. The pegmatites also contain
garnet (a magnesium-iron-manganese-calcium aluminum silicate), beryl, native
bismuth and chalcopyrite (a copper sulphide).
Grades in historic drill holes by Lacorne Lithium Mines yielded up to 0.83% Li2O
over 4.0 m (DDH-L3 of the southern sector); whereas continuous channel samples
gave 0.90% Li2O over 2.7 m (sample of the northern sector); 1.19% Li2O over 9.0
m (northern sector channel sample); 1.29% Li2O over 13.5 m (southern sector
channel sample) in a series of outcrops over a 160 m length. Some 20 drill holes
and a few trenches were completed in the southeast sector. The average lithium
grade of the pegmatite dykes is 0.38% Li2O for 6.0% spodumene content. Some 16
drill holes were completed in the southwest sector. The average grade is between
0.25% and 0.50% Li2O (MRNFQ GM 03924-A, GM03924-B).
About Jourdan Resources Inc.
Jourdan Resources Inc. is a Canadian junior mining exploration company trading
under the symbol JOR on the TSX Venture Exchange. The Company is focused on the
acquisition, exploration, production, development and if, as the case may be,
the operation of mining properties in strategic Uranium and Rare Metals or High
Technology Metals ("HTM's") sectors of eastern Canada. The Company's properties
are currently at the exploration stage along the Lower North Shore, the Mauricie
and the James Bay regions of Quebec. JOURDAN is fully funded for the 2011
exploration campaign following the Company's recent financing.
The technical information in this news release was prepared, revised and
approved by Mr. Jean Lafleur, M. Sc., P. Geo., JOURDAN's mineral exploration
consultant and Qualified Person under National Instrument 43-101.
Please visit the Company's website at www.jourdan.ca.
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.
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