Jourdan Resources Inc.
TSX VENTURE : JRN

Jourdan Resources Inc.

April 13, 2010 08:30 ET

JOURDAN Reports Significant Drill Hole Intervals at the Prospective Baie Johann-Beetz Property in the Lower North Shore Uranium Belt (Quebec), Intersects Up to 131.2 Metres of 0.013% U3O8,...

...Including 23.0 Metres of 0.030% U3O8

MONTREAL, CANADA--(Marketwire - April 13, 2010) - JOURDAN RESOURCES INC. (TSX VENTURE:JRN) ("JOURDAN" or the "Company") (www.jourdan.ca) is pleased to report on interval assay results from the recently completed winter 2010 diamond drilling campaign on the Drucourt Uranium Zone ("Drucourt") at the Company's wholly-owned prospective Baie Johann-Beetz Property (the "Property"), located 25 km due east-northeast of the community of Baie Johann-Beetz along Quebec's Lower North Shore Uranium Belt.

JOURDAN completed 2,111.0 metres of drilling in 20 holes along a nearly 800 metre segment of Drucourt to validate historical drill results. Significant interval assay results were outlined in 9 holes and are given as follows (a complete listing of interval assay results and QA/QC protocols are appended):

  • 131.2 metres of 0.013% U3O8 from near surface to a down hole depth of 131.7 metres (BJB-10-06). The interval includes 23.0 metres of 0.030% U3O8 from 31.0 metres to 54.0 metres, and 1.2 metres of 0.104% U3O8 from 50.8 metres to 52.0 metres;
  • 69.0 metres of 0.010% U3O8 from 24.0 metres to 93.0 metres (BJB-10-05A). The interval includes 20.0 metres of 0.021% U3O8 from 35.0 metres to 55.0 metres, and 2.0 metres of 0.043% U3O8 from 44.0 metres to 46.0 metres;
  • 46.8 metres of 0.010% U3O8 from 2.9 metres to 49.7 metres (BJB-10-01). The interval includes 13.0 metres of 0.023% U3O8 from 12.0 metres to 25.0 metres, and 4.3 metres of 0.037% U3O8 from 75.6 metres to 80.9 metres;
  • 37.4 metres of 0.013% U3O8 from 10.0 metres to 47.4 metres (BJB-10-2A). The interval includes 5.0 metres of 0.031% U3O8 from 36.5 metres to 41.5 metres, and 1.0 metre of 0.062% U3O8 from 39.5 metres to 40.5 metres; and
  • 5 additional intersections of 29.0 metres of 0.011% U3O8 from 71.0 metres to 100.0 metres (BJB-10-03), 31.0 m of 0.011% U3O8 from surface to 31.0 metres (BJB-10-08), 33.2 metres of 0.010% U3O8 from 1.0 metre to 34.2 metres (BJB-10-09A), 30.5 metres of 0.010% U3O8 from surface to 30.5 metres (BJB-10-10), and 23.0 metres of 0.011% U3O8 from 43.0 metres to 66.0 metres (BJB-10-10A).

Mr. Émilien Séguin, JOURDAN's President and CEO stated "JOURDAN was successful in validating the historical uranium assay results from the Drucourt Uranium Zone. We also increased the surface length of the uranium mineralization from 400 metres to over 800 metres, as well as increasing the depth from 50 metres to 150 metres. The host rock for the uranium mineralization is a very coarse-grained, late-stage and massive biotite-granite pegmatite permeating and crosscutting the host mineralized biotite gneisses, which locally adds significant core lengths to the uranium mineralization such as in hole BJB-10-06 with 131.2 metres of 0.013% U3O8. JOURDAN will now evaluate the impact of these results in comparison to the historic mineral resources defined for Drucourt."  

The Baie Johann-Beetz Uranium Property

The Property consists of 32 mining claims, including the original 8 claim North and South Claim Blocks, totaling 1,800 hectares (18 km2). The South and North Claim Blocks are located 5 km and 8 km north-northeast of Kilometre 1312 on Provincial Highway #138. Historic trenching and shallow diamond drilling on the Property to a maximum -50 m depth in the 1960's and 1970's identified two 500 m long Uranium corridor, one of which termed Drucourt contains between 17 to 18 million tonnes grading 0.024 to 0.026% (0.48 to 0.52 lbs/ton) U3O8 for 9 to 10 million pounds of U3O8 in Potential Resources (Minorex, 2006). Potential Resources outline the potential quantity and grade of the mineralization. It is not a recognized Mineral Resources category; it is conceptual in nature, and should only be considered has an indication of the uranium mineralization. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the discovery of a mineral resource. A Qualified Person has not done sufficient work to classify the mineral resource estimates as current mineral resources.

The Property is strategically situated within the Lower North Shore Uranium Belt of Quebec, a major Uranium bearing corridor that also hosts Uracan Resources Inc. (TSX-V: URC) ("Uracan") North Shore Uranium Project. Uracan has already outlined current Inferred Mineral Resources of 154.9 million tonnes at an average grade of 0.012% (0.24 lbs/ton) U3O8 for 40 million pounds of U3O8 in the "Middle" and "TJ" Zones (www.sedar.com). The Property is enclosed by Uracan's North Uranium Shore Property with the "Middle" and "TJ" Zones located 28 km to the west.

JOURDAN's strategy is focused on proving up higher quality Uranium resources on the Property, as it initially aims at validating and eventually doubling the current 9 to 10 million pounds of U3O8 to at least 20 million pounds U3O8 in National Instrument ("NI") 43-101 compliant Mineral Resources, and if successful eventually delineate the Uranium mineralization over the multi-kilometric trend as a high tonnage, low grade Uranium mineral resource.

The Phase 1 winter drilling campaign on the Property consisted of twinning of 1970's vintage drill holes within the original 500 m strike length of Drucourt to validate historic grades and continuity, and extending the known uranium mineralization along strike.

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 bulk mineable industrial metals (such as Uranium, Lithium, Phosphorus, Titanium and REE's) sectors of eastern Canada. All of the Company's properties are currently at the exploration stage in the North Shore, Mauricie and James Bay regions of Quebec.

Visit the Company's website at www.jourdan.ca. You can download Jourdan's Corporate Summary from www.jourdan.ca/jrn.pdf.

The technical information in this news release was prepared, revised and approved by Mr. Jean Lafleur, M. Sc., P. Geo., Senior Technical Consultant to JOURDAN, and Mr. Émilien Séguin, President of JOURDAN. Both individuals are Qualified Persons under NI 43-101 regulations.

Table of complete interval assay results from the winter 2010 diamond drilling campaign completed at the Baie Johann-Beetz Property.

DRILL HOLE #   FROM (m) TO (m) LENGTH (m) ppm U3O8 % U3O8
BJB-10-01   2.9 49.7 46.8 103 0.010
incl. 12.0 25.0 13.0 232 0.023
incl. 18.0 25.0 7.0 303 0.030
  75.6 88.6 13.0 145 0.015
incl. 75.6 80.9 4.3 371 0.037
BJB-10-02 no significant intervals
BJB-10-2A   10.0 47.4 37.4 129 0.013
incl. 10.0 19.0 9.0 197 0.020
incl. 15.0 17.0 2.0 450 0.045
incl. 24.5 26.5 2.0 209 0.021
incl. 36.5 41.5 5.0 314 0.031
incl. 39.5 40.5 1.0 620 0.062
BJB-10-03   71.0 100.0 29.0 114 0.011
incl. 76.0 81.0 6.0 258 0.026
incl. 79.9 81.0 1.1 641 0.064
incl. 97.0 100.0 3.0 234 0.023
incl. 98.0 100.0 2.0 316 0.032
BJB-10-04 no significant intervals
BJB-10-05 no significant intervals
BJB-10-05A   24.0 93.0 69.0 104 0.010
incl. 35.0 55.0 20.0 205 0.021
incl. 44.0 46.0 2.0 433 0.043
BJB-10-06   0.5 131.7 131.2 132 0.013
incl. 8.0 12.0 4.0 207 0.021
incl. 8.0 9.0 1.0 388 0.039
incl. 19.0 21.0 2.0 247 0.025
incl. 31.0 54.0 23.0 296 0.030
incl. 31.0 34.0 3.0 364 0.036
incl. 36.0 39.3 3.3 285 0.029
incl. 42.3 53.0 11.3 364 0.036
incl. 46.3 49.3 3.0 417 0.042
incl. 50.8 52.0 1.2 1,038 0.104
incl. 60.0 67.0 7.0 218 0.022
incl. 65.0 67.0 2.0 419 0.042
incl. 76.0 80.0 4.0 238 0.024
incl. 77.0 79.0 2.0 354 0.035
incl. 128.0 129.7 1.7 359 0.036
BJB-10-6A   5.0 24.0 19.0 120 0.012
incl. 7.0 10.0 3.0 188 0.019
incl. 18.0 21.0 3.0 326 0.033
incl. 19.0 21.0 2.0 436 0.044
  60.0 65.3 5.3 147 0.015
incl. 61.0 62.0 1.0 540 0.054
BJB-10-07   29.0 34.0 5.0 161 0.016
incl. 29.0 30.0 1.0 517 0.052
BJB-10-7A no significant intervals
BJB-10-08   0.0 31.0 31.0 108 0.011
incl. 3.0 10.0 7.0 279 0.028
incl. 3.0 5.0 2.0 402 0.040
incl. 7.0 9.0 2.0 368 0.037
  80.0 86.0 6.0 100 0.010
  111.0 117.0 6.0 109 0.011
  127.4 138.0 10.6 160 0.016
incl. 127.4 132.0 4.6 344 0.034
BJB-10-8A   0.05 4.0 3.5 120 0.012
  42.0 55.0 13.0 109 0.011
incl. 42.0 49.0 7.0 154 0.015
BJB-10-9   96.0 109.0 13.0 117 0.012
incl. 104.0 107.0 3.0 185 0.019
  139.0 153.0 14.0 102 0.010
BJB-10-09A   1.0 34.2 33.2 101 0.010
incl. 6.0 12.0 6.0 187 0.019
incl. 29.0 34.2 5.2 251 0.025
BJB-10-10   0.0 30.5 30.5 104 0.010
  incl. 12.0 5.0 3.0 205 0.021
  incl. 20.0 30.5 10.5 177 0.018
  incl. 20.0 25.0 5.0 267 0.027
BJB-10-10A   19.1 26.0 6.9 106 0.011
    36.9 39.5 2.6 118 0.012
    43.0 66.0 23.0 106 0.011
BJB-10-11   0.0 4.0 4.0 110 0.011

Note: NQ-sized drill core from the Baie Johann-Beetz Uranium Property was logged on site; NQ-drill core was split in half using a hydraulic core splitter; half of the core averaging 1.0 metre in length (ranging from 0.5 metres to 2.0 metres) was placed in a plastic bag, tagged and sealed for sample shipping. Multiple samples were inserted in large numbered nylon bags and shipped via commercial truck transport to the ALS Laboratory Group facility in Val-d'Or, Quebec. Individual samples were identified, bar-coded, dried and weighed; followed by fine crushing to 70% under 2 millimetres; then split using a riffle splitter; followed by the split sample being pulverized. Thorium and Uranium analysis followed using the ME-XRF05 Method.

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.

Contact Information

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