Jourdan Resources Inc.
TSX VENTURE : JRN

Jourdan Resources Inc.

November 19, 2009 08:00 ET

JOURDAN Acquires the Baude Lake REE's Property in Prospective New Alkaline Intrusive Complex of Central Quebec, With a Historic 4 Ton Bulk Sample Grading 0.86% REE's,...

...Containing 9.6% REE's in a 170 kg Selected Sample

MONTREAL, CANADA--(Marketwire - Nov. 19, 2009) - Jourdan Resources Inc. (TSX VENTURE:JRN) ("JOURDAN" or the "Company") is pleased to announce the acquisition of the Baude Lake Rare Earth Elements or "REE's" Property (the "Property") in the Mauricie region of south central Quebec. The Property is located 250 km north-northeast of Montreal and is accessible via logging roads some 45 km northwest of Provincial Highway #155 halfway between Trois-Rivieres and La Tuque (Quebec), a 3 hour drive from Montreal.

The Property consists of 33 mineral claims for 1,934 hectares or 19.3 km2. The claims were purchased from an arm's length third party (the "Vendor") for a cash payment of $ 5,000 and 500,000 common shares of JOURDAN at $0.05 per share. The Vendor retains a 2% Net Smelter Returns (the "NSR") Royalty of which half can be purchased by JOURDAN for $ 1 million. Registration of the claims by the Quebec government is still pending, but should be confirmed shortly.

Previous work on the Property has been limited to basic prospecting, 5 short drill holes totalling 62 m in mostly overburden and granitic boulders, and a 3.5 ton bulk sample taken from the main allanite outcrop. Outcrops and boulders containing allanite were uncovered on the Property in the 1890's by government geologist. In 1921 and 1949, prospectors outlined granites containing up to 60% 5 cm by 3 cm allanite crystals in selected samples within a 20 m by 6 m outcrop (Ministere des ressources naturelles et de la faune du Quebec Assessment Reports GM 1837 and GM 1883) described in 1949 as a "... granite containing appreciable amounts of allanite ... (with) large tonnage possibilities ..." (GM 18620).

In 1951 and 1952, a 4 ton hand sorted bulk sample was extracted from a north-south ridge hosting steeply dipping "red granite" in grey gneisses (GM 18621) on the eastern shore of Baude Lake. The granite contained allanite as coarse-grained disseminations and veins up to 6 cm wide linked to small centimetric pockets of allanite. Approximately 170 kg of allanite crystals were removed from the bulk sample and treated separately in the metallurgical test work. The allanite crystals yielded a grade of 9.60% REE's with the remaining 3,400 kg allanite-poor material assayed 0.53% REE's, for a total combined grade of 0.86% REE's.

Short-hole drilling totaling 62 m in 5 holes (GM 15075 and GM 16818, 1964; GM 18175, 1966; GM 20900 and GM 22697, 1967) intersected boulders of granites and gneisses, magnetite-rich sands, clays and ended in bedrock in all but one hole. The granite bedrock from DDH#1 yielded allanite and zircon crystals (GM 15075); whereas magnetite-rich sands and gravels in one of the 1967 drill holes yielded 30% Iron and 1.5% Zircon in a 1.6 m interval (GM 22697).

The allanite occurrence is enclosed in a 12 km long elliptical magnetic anomaly forming a magnetic-high rim and a magnetic-low core within gneisses. The shape of the magnetic anomaly and the presence of allanite and REE's suggest the presence of an alkaline intrusive complex, unknown until now. JOURDAN plans a prospecting, geological mapping and sampling, trenching, and a combined magnetic and radiometric geophysical survey to determine the full extent of the REE's mineralization within the elliptical magnetic anomaly. Favourable results would eventually lead to diamond drilling for continuity and grade of the REE's mineralization.

REE'S and the Alkaline Intrusive Complexes

High Technology Metals or "HTM's" (MRNFQ ET91-09, 1993) such as Lithium (Li), Beryllium (Be), Tantalum (Ta), Cesium (Cs), Rubidium (Rb), Molybdenum (Mo), Zirconium (Zr), Niobium (Nb), and REE's. REE's consists of the elements Lanthanum (La), Cerium (Ce), Praseodymium (Pr), Neodymium (Nd), Promethium (Pm), Samarium (Sm), Europium (Eu), Gadolinium (Gd), Terbium (Tb), Dysprosium (Dy), Holmium (Ho), Erbium (Er), Thulium (Tm), Ytterbium (Yb), Lutetium (Lu) and Yttrium (Y). The presence of these elements was never individually confirmed or quantified on the Property; however, it is a well known fact that alkaline intrusive rocks of both the silicate and carbonate suites have traditionally hosted most of HTM's.

The Silicate Suite - Syenites

Syenites are a coarse-grained intrusive rocks of the same general composition as granite but with the quartz either absent or present in relatively small amounts (less than 5%). The feldspar component of syenite is predominantly alkaline in character (usually orthoclase, a potassium aluminum silicate). Plagioclase feldspars (a sodium and/or calcium aluminum silicate) may be present in small quantities, less than 10%. When present, ferromagnesian minerals are usually hornblende (a calcium sodium magnesium iron aluminum silicate hydrate).

Syenites are usually per-alkaline and per-aluminous with high proportions of alkali elements (potassium, sodium) and aluminum. Syenites are formed in thick continental crust areas, such as the Canadian Shield. A silica under-saturated melt would form a nepheline syenite, where orthoclase is replaced by a feldspathoid such as leucite (a potassium aluminum silicate), nepheline (a silica-undersaturated sodium potassium aluminum silicate) or analcime (a sodium aluminum silicate hydrate).

Syenite is not a common rock, but the Canadian Shield and especially the Grenville Geological Province hosts some of the more important occurrences. They tend to occur with carbonatites, form part of concentrically zoned intrusive complexes with a syenite core and a hornblende-pyroxene (a calcium aluminum silicate combined in one or several of the following elements such as sodium, magnesium, and more rarely zinc, manganese, lithium, chromium, scandium, titanium and vanadium) gabbroic rim.

The Carbonate Suite - Carbonatites

Carbonatites contain greater than 50% carbonate minerals. Carbonatites usually occur as small plugs within zoned alkaline intrusive complexes, or as dykes, sills, breccias and veins. The majority of carbonatites are Proterozoic (2,500 Ma to 550 Ma) or Phanerozoic (550 Ma to today) in age.

The primary mineralogy is highly variable, but may include natrolite (a sodium aluminum silicate hydrate), sodalite (a sodium aluminum silicate chloride), apatite (a calcium fluorine phosphate hydrate), barite (a barium sulphate), fluorite (a calcium fluoride), ancylite (a strontium cesium lanthanum carbonate hydrate) and other rare minerals not found in more common igneous rocks.

Most carbonatites tend to include some silicate mineral fraction such as pyroxene, olivine (a magnesium iron silicate) and nepheline.

Geochemically, carbonatites are dominated by incompatible elements (such as Barium, Cesium, Rubidium) and depletions in compatible elements (Hafnium, Zirconium and Titanium). A specific type of hydrothermal alteration termed fenitization is typically associated with carbonatite intrusions. This alteration assemblage produces a unique rock mineralogy consisting of alteration halos with bluish colored sodium-rich silicates along with phosphates, and iron and titanium oxides.

Carbonatites are typically associated with undersaturated (low silica) igneous rocks that are either alkali- (sodium, potassium), iron- and zirconium-rich rocks or alkali-poor, iron-calcium-magnesium-rich and zirconium-poor rocks.

Carbonatites are known to form in association with concentrically zoned complexes of alkaline-igneous rocks, sills, dykes and multi-stage cylindrical intrusive bodies with several distinct phases of carbonatite intrusions. Dozens of carbonatites are known, including Oka and St.-Honore in Quebec.

Carbonatites may contain economic or anomalous concentrations of REE's, phosphorus, niobium, tantalum, uranium, thorium, copper, iron, titanium, vanadium, barium, fluorine, zirconium, and other rare or incompatible elements. Apatite, barite and vermiculite-mica are among the industrially important minerals. Vein deposits of thorium, fluorite, or REE's may be associated with carbonatites, and may be hosted internal to or within the adjacent fenites.

Rare Earth Elements and High Technology Metals

REE's are used in the high technology fields and have environmental applications. The United States Geological Survey stated in 2002 (USGS Fact Sheet 087-02) that "High technology and environmental applications of the (REE's) have grown dramatically in diversity and applications over the past four decades ... substitutes for the (REE's) are inferior or unknown ... the (REE's) have acquired a level of technological significance much greater than expected ... most of the world's supply comes from only a few sources ... more than 90% of (REE's) required by U.S. industry came from deposits in China."

Uses of the HTM's range from lighter flints and glass polishing; high tech phosphors in energy-efficient fluorescent lamps; fibre-optic cables and lasers; lightweight and high strength magnets used in appliances, audio and video equipments; computers; automobiles in pollution-control catalytic converters; communication systems; military gear; batteries; magnetic refrigeration; high temperature superconductors; and safe storage, and transport, of hydrogen.

From the discovery of the REE's (during the period 1794 to 1907 though the mid-1950's, only a few of the REE's were produced in small amounts from monazite (a Cerium-Lanthanum-Nyodymium-Thorium phosphate) bearing placers and veins, derived from pegmatites and carbonatites, and as minor by-products of Uranium and Niobium extraction. In 1949, a carbonatite intrusion containing 8% to 12% rare-earth oxides ("REO's") was discovered at Mountain Pass (California) with a total reserve of 20 million tonnes at an average grade of 9.3% REO's. The REE's are hosted by bastnasite (a Cerium-Lanthanum Fluorine-bearing carbonate). From 1965 to 1985, Mountain Pass was the dominant source of REE's.

Since 1985, the main supplier of the world's REE's is China, chiefly from two sources: the Bayan Obo Iron-Niobium-REE's Deposit (reserves of 40 million tonnes grading 3% to 6% REO, and ion-adsorption ores rich in Lanthanum-Yttrium-Neodymium in lateritic weathering crusts developed on quartz-rich (granites) and quartz-poor (syenites) rocks in tropical China. With China currently producing 97% of the world's REE's requirements and steadily imposing export quotas, non-China consumers (Japan, Korea, Thailand, USA) are looking for alternative, stable supplies.

The REE's of eastern Canada, particularly in the Middle to Late Proterozoic (1,600 Ma to 542 Ma or million years ago) alkaline intrusive complexes have recently received more attention. Three significant plays have unfolded in Quebec:

(1) Quest Uranium Corporation's Strange Lake REE's occurrences in Quebec straddling the Quebec-Labrador border adjacent Rio Tinto's Strange Lake REE's-Zirconium-Yttrium-Niobium-Beryllium Deposit (historical resources of 52 million tonnes grading 3.25% ZrO2, 0.56% Nb2O5, 0.66% Y2O3, 0.12% BeO and 1.30% REO (Quest Uranium Corporation, 2009);

(2) The Manitou-Kwyjibo REE's occurrences located north of Sept-Iles, Quebec (Magrina, Hebert and Corriveau, 2005), where past operators uncovered up to 1.83% Copper, 0.96% Lanthanum-Cerium-Samarium, 0.065% Thorium, 0.044% Uranium and 164 ppb Gold in a 9.5 m channel sample; 0.36% Copper over 16.5 m and 0.88% Lanthanum-Cerium-Samarium over 29.9 m in drill core (Gauthier et al., 2004); and

(3) The Kipawa Alkaline Complex of the Temiscamingue region of western Quebec, which yielded a number of HTM's occurrences with grab samples yielding up to 5.74% REE's, 0.31% Yttrium and 0.085% Thorium (Aurizon Mines Ltd., 2008).

About Jourdan Resources Inc.

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JRN 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 High Technology Metals or "HTM's" sectors of eastern Canada. The Company's properties are currently at the exploration stage along Quebec's North Shore region, and now HTM's and REE's in the Mauricie region of south central Quebec.

Please visit the Company's website at www.jourdan.ca, and you can also download Jourdan's Corporate Summary at www.jourdan.ca/jrn.pdf.

The technical information in this news release was prepared, reviewed and approved by Mr. Jean Lafleur, M. Sc., P. Geo., Senior Technical Consultant to JOURDAN, and a Qualified Person under NI 43-101 regulations.

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.

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.

Contact Information

  • Jourdan Resources Inc.
    Emilien Seguin
    President and CEO
    450-670-5224
    514-787-1457 (FAX)
    or
    Jourdan Resources Inc.
    Guy Girard
    VP Finance and Director
    514-798-1290
    514-787-1457 (FAX)
    info@jourdan.ca
    www.jourdan.ca