Jourdan Reports Assays With 7.90% and 6.19% P2O5 Beyond Historical Mineralized Zones at Dissimieux Lake Phosphate Project Con...
November 24 2011 - 6:00AM
Marketwired Canada
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
-- Higher grade phosphate mineralization from prospecting identified 5,500
m southeast of historical mineralized zone on new claims announced
November 22, 2011
-- Highest phosphate assays from current sampling are 7.90% and 6.19% P2O5
from the new claim blocks announced on November 22, 2011
JOURDAN RESOURCES INC. (TSX VENTURE:JOR) ("JOURDAN" or the "Company")
(www.jourdan.ca) is pleased to announce that it has received the second batch of
assay results from prospecting and mapping on its Dissimieux Lake Phosphate
Project including results as high a 7.90 and 6.19% P2O5. More than 70 assay
results are still pending at ASL Minerals, of Vancouver, BC, and will be
released as they are received by the Company.
Samples results received to date cover approximately 14 km of strike length.
Assay results from areas within the new claims exceed expectation based on
historical work on the claims. The area east of historical mineralization on the
original claim block provides additional areas to target by drilling for near
surface phosphate mineralization, with the potential to have multiple parallel
zones of phosphate mineralization, as well as the potential for higher grade
phosphate mineralization as demonstrated in the results from this release.
The highest assay reports 7.90% P2O5 from sample J413055, taken approximately
5.5 km southeast of the area of historical mineralization. This new zone of
phosphate mineralization likely continues approximately 3km southwest in samples
J413017, J413018 and J413019.
Sample J413042 reports 6.19% P2O5 from what appears to be another parallel
mineralized structure approximately 3 km east of the historical mineralization
and likely includes the zone encountered in samples J413043 through J413047
which are approximately 2 km southwest of sample J413042.
"These new high grade phosphate results indicate what appear to be long parallel
zones to the historical mineralization. These results, along with the success of
extending the historical mineralization, are encouraging and, I believe,
demonstrate that the Dissimieux Lake Phosphate Property has real potential to
become a major phosphate asset along the North Shore, and potentially larger
than other well known deposits in the region, including the Arnaud Mine at Sept
Isles located approximately 200 km east of the Dissimieux Lake Phosphate
Property, and Paul Lake located approximately 70 km due west of the Dissimieux
Lake Phosphate Property", states Jourdan President and CEO Michael Dehn.
A table of results received is presented below:
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(ii)Claim
Sample (i)Northing (i)Easting % P2O5 % TiO2 % Fe2O3 Block
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J413000 5517003 444637 0.26 4.54 21.60 New
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J413001 5517273 446761 0.42 1.42 16.50 New
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J413017 5515372 446965 0.09 0.28 4.07 New
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J413018 5515487 446674 1.46 2.27 14.55 New
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J413019 5515482 446655 3.07 5.64 33.60 New
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J413020 5515689 445647 0.74 2.54 16.25 New
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J413021 5515844 445239 0.09 0.60 7.14 New
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J413022 5516937 443439 0.29 0.81 12.35 New
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J413038 5525912 448835 0.01 0.11 10.75 Recent
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J413039 5525146 448179 0.01 0.10 4.04 Recent
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J413041 5522998 449382 0.17 0.61 4.15 New
----------------------------------------------------------------------------
J413042 5522416 448729 6.19 3.00 28.80 New
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J413043 5520976 447529 3.71 5.26 21.40 New
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J413044 5520853 447161 0.55 3.36 18.40 New
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J413045 5520853 447150 2.16 3.70 20.60 New
----------------------------------------------------------------------------
J413046 5520798 447087 0.23 1.69 15.50 New
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J413047 5520798 447063 0.19 1.04 8.26 New
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J413048 5521152 446515 0.14 1.08 11.55 Recent
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J413049 5521359 446469 1.23 2.73 20.50 Recent
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J413050 5521566 446030 1.58 7.81 44.90 Recent
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J413051 5521570 446033 1.22 7.25 43.10 Recent
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J413052 5521577 446065 0.51 1.66 14.85 Recent
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J413053 5521622 446348 0.25 1.15 14.00 Recent
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J413054 5518245 447973 0.15 1.02 7.51 New
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J413055 5517596 448353 7.90 4.76 28.30 New
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J413057 5526136 446089 0.04 0.45 9.13 Recent
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J413058 5514749 442975 0.46 2.34 16.30 Recent
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J413059 5514747 442960 0.19 1.52 14.55 Recent
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J413060 5514963 441234 0.03 3.97 19.10 Recent
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J413061 5514966 441257 0.00 3.06 17.15 Recent
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J413062 5515154 441064 0.03 3.52 20.60 Recent
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(i)UTM NAD 83 Zone 19
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(ii) New refers to claims announced on November 22, 2011 Press release
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(ii)Recent refers to claims announced on November 7, 2011 Press release
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A map showing the location of samples relative to claims and topography is
available at: http://64.64.12.20/%7Ejourdan/20111124.pdf
Quality assurance / Quality Control ("QA/QC")
Surface grab samples averaging 1 kilogram each were taken by qualified personnel
from JOURDAN under the supervision of Jean Lafleur, M.Sc., P. Geo. Samples were
bagged, sealed and numbered on-site, and delivered to the ALS Laboratory Group
facility in Val-d'Or (Quebec) for analysis using the ME-ICP06 Method. At the
laboratory facility, samples were inventoried, weighed and dried; crushed 70% to
under 2 millimetres; riffled split with a 250 gram sub-sample pulverized 85% to
under 75 microns; then followed by analysis.
The technical information in this news release was approved by Mr. Jean Lafleur,
M. Sc. P. Geo, a Consultant to Jourdan Resources, who is a Qualified Person
under NI 43-101 regulations.
About Jourdan Resources
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, and development of mining properties in
phosphates and Rare Metals or High Technology Metals ("HTMs") sectors of eastern
Canada. The Company's properties are currently at the exploration stage and are
located along the North Shore, the Mauricie, the Abitibi and James Bay regions
of Quebec.
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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